Weaver C. Barksdale & Associates Inc. Has $952,000 Stock Holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Weaver C. Barksdale & Associates Inc. lowered its stake in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 1.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,260 shares of the asset manager’s stock after selling 128 shares during the quarter. Weaver C. Barksdale & Associates Inc.’s holdings in T. Rowe Price Group were worth $952,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Victory Capital Management Inc. increased its position in shares of T. Rowe Price Group by 3.8% during the 2nd quarter. Victory Capital Management Inc. now owns 3,436,019 shares of the asset manager’s stock worth $396,207,000 after purchasing an additional 124,686 shares during the last quarter. American Century Companies Inc. grew its stake in shares of T. Rowe Price Group by 4.5% in the second quarter. American Century Companies Inc. now owns 2,512,793 shares of the asset manager’s stock valued at $289,750,000 after buying an additional 107,086 shares in the last quarter. Fisher Asset Management LLC increased its holdings in T. Rowe Price Group by 6.6% during the fourth quarter. Fisher Asset Management LLC now owns 1,751,405 shares of the asset manager’s stock worth $188,609,000 after buying an additional 109,053 shares during the last quarter. Dimensional Fund Advisors LP raised its position in T. Rowe Price Group by 15.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,611,307 shares of the asset manager’s stock worth $185,810,000 after acquiring an additional 220,105 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in T. Rowe Price Group by 1.3% in the fourth quarter. First Trust Advisors LP now owns 1,173,858 shares of the asset manager’s stock valued at $126,413,000 after acquiring an additional 15,504 shares during the last quarter. Institutional investors own 73.39% of the company’s stock.

Insider Transactions at T. Rowe Price Group

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

Analyst Ratings Changes

Several research firms have recently weighed in on TROW. Evercore ISI lowered their price objective on shares of T. Rowe Price Group from $115.00 to $108.00 and set an “in-line” rating on the stock in a research note on Thursday, September 5th. JPMorgan Chase & Co. boosted their price target on T. Rowe Price Group from $102.00 to $107.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 23rd. Wells Fargo & Company started coverage on T. Rowe Price Group in a research report on Thursday, September 12th. They issued an “equal weight” rating and a $109.00 price objective for the company. StockNews.com lowered T. Rowe Price Group from a “buy” rating to a “hold” rating in a report on Monday, July 29th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $120.00 price target (down previously from $121.00) on shares of T. Rowe Price Group in a research note on Monday, July 29th. Three research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat, T. Rowe Price Group currently has an average rating of “Hold” and a consensus price target of $113.30.

T. Rowe Price Group Trading Up 2.2 %

NASDAQ:TROW opened at $110.55 on Friday. The stock has a 50 day simple moving average of $109.00 and a 200 day simple moving average of $113.36. T. Rowe Price Group, Inc. has a 1-year low of $87.43 and a 1-year high of $122.27. The stock has a market cap of $24.61 billion, a P/E ratio of 13.13, a PEG ratio of 1.69 and a beta of 1.41.

T. Rowe Price Group (NASDAQ:TROW) last announced 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 business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same period in the previous year, the firm posted $2.02 EPS. The company’s revenue was up 7.6% compared to the same quarter last year. As a group, sell-side analysts forecast that T. Rowe Price Group, Inc. will post 9 EPS for the current year.

T. Rowe Price Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be given a dividend of $1.24 per share. The ex-dividend date is Friday, September 13th. This represents a $4.96 dividend on an annualized basis and a dividend yield of 4.49%. T. Rowe Price Group’s payout ratio is presently 58.91%.

About T. Rowe Price Group

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.