Tredje AP fonden Sells 549 Shares of T. Rowe Price Group, Inc. (NASDAQ:TROW)

Tredje AP fonden lowered its position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 1.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 35,135 shares of the asset manager’s stock after selling 549 shares during the quarter. Tredje AP fonden’s holdings in T. Rowe Price Group were worth $4,051,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. grew its holdings in shares of T. Rowe Price Group by 15.8% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 344,889 shares of the asset manager’s stock valued at $37,141,000 after buying an additional 47,043 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in T. Rowe Price Group in the first quarter valued at about $1,008,000. Nebula Research & Development LLC bought a new stake in shares of T. Rowe Price Group in the fourth quarter worth about $807,000. Fisher Asset Management LLC increased its holdings in shares of T. Rowe Price Group by 6.6% in the fourth quarter. Fisher Asset Management LLC now owns 1,751,405 shares of the asset manager’s stock worth $188,609,000 after acquiring an additional 109,053 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its position in shares of T. Rowe Price Group by 52.4% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 65,534 shares of the asset manager’s stock worth $7,990,000 after purchasing an additional 22,533 shares during the period. Institutional investors own 73.39% of the company’s stock.

Insider Activity

In related news, VP Andrew Justin Mackenzi Thomson sold 11,969 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $102.83, for a total transaction of $1,230,772.27. Following the transaction, the vice president now directly owns 123,624 shares in the company, valued at $12,712,255.92. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, VP Andrew Justin Mackenzi Thomson sold 11,969 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $102.83, for a total value of $1,230,772.27. Following the completion of the sale, the vice president now directly owns 123,624 shares in the company, valued at approximately $12,712,255.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jessica M. Hiebler sold 1,401 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $115.85, for a total value of $162,305.85. Following the transaction, the insider now directly owns 14,198 shares in the company, valued at approximately $1,644,838.30. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,854 shares of company stock valued at $1,443,767. 2.00% of the stock is owned by insiders.

Analyst Ratings Changes

TROW has been the subject of several research analyst reports. StockNews.com lowered T. Rowe Price Group from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. Barclays started coverage on shares of T. Rowe Price Group in a report on Tuesday, August 27th. They issued an “underweight” rating and a $99.00 price target for the company. JPMorgan Chase & Co. raised their price objective on shares of T. Rowe Price Group from $102.00 to $107.00 and gave the stock an “underweight” rating in a report on Tuesday, July 23rd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of T. Rowe Price Group from $112.00 to $113.00 and gave the company a “hold” rating in a research report on Thursday, August 15th. Finally, Wells Fargo & Company initiated coverage on T. Rowe Price Group in a report on Thursday, September 12th. They set an “equal weight” rating and a $109.00 target price for the company. Three analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $113.30.

T. Rowe Price Group Price Performance

Shares of NASDAQ:TROW opened at $108.13 on Thursday. The company’s 50-day moving average price is $109.13 and its two-hundred day moving average price is $113.38. T. Rowe Price Group, Inc. has a one year low of $87.43 and a one year high of $122.27. The stock has a market capitalization of $24.07 billion, a PE ratio of 12.84, a price-to-earnings-growth ratio of 1.69 and a beta of 1.41.

T. Rowe Price Group (NASDAQ:TROW) last released its earnings results on Friday, July 26th. The asset manager reported $2.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.27 by ($0.01). T. Rowe Price Group had a net margin of 28.66% and a return on equity of 19.90%. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same period in the prior year, the firm posted $2.02 EPS. T. Rowe Price Group’s revenue was up 7.6% compared to the same quarter last year. On average, analysts anticipate that T. Rowe Price Group, Inc. will post 9 earnings per share for the current fiscal year.

T. Rowe Price Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be paid a dividend of $1.24 per share. This represents a $4.96 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date is Friday, September 13th. T. Rowe Price Group’s dividend payout ratio is currently 58.91%.

T. Rowe Price Group Company Profile

T. Rowe Price Group, Inc is a publicly owned investment manager. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. It launches and manages equity and fixed income mutual funds. The firm invests in the public equity and fixed income markets across the globe.