T. Rowe Price Group, Inc. (NASDAQ:TROW) Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lifted its holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 1.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 88,053 shares of the asset manager’s stock after buying an additional 871 shares during the quarter. Asset Management One Co. Ltd.’s holdings in T. Rowe Price Group were worth $10,185,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Exchange Traded Concepts LLC acquired a new position in T. Rowe Price Group during the 3rd quarter valued at about $105,000. Creative Planning boosted its position in shares of T. Rowe Price Group by 0.3% during the third quarter. Creative Planning now owns 55,324 shares of the asset manager’s stock worth $6,026,000 after buying an additional 177 shares during the period. Bleakley Financial Group LLC boosted its position in shares of T. Rowe Price Group by 28.8% during the third quarter. Bleakley Financial Group LLC now owns 3,821 shares of the asset manager’s stock worth $416,000 after buying an additional 854 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of T. Rowe Price Group by 17.3% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 24,974 shares of the asset manager’s stock worth $2,720,000 after buying an additional 3,678 shares during the period. Finally, Blue Trust Inc. boosted its position in shares of T. Rowe Price Group by 302.3% during the third quarter. Blue Trust Inc. now owns 2,615 shares of the asset manager’s stock worth $301,000 after buying an additional 1,965 shares during the period. 73.39% of the stock is owned by institutional investors and hedge funds.

T. Rowe Price Group Stock Down 0.1 %

Shares of NASDAQ TROW opened at $107.17 on Tuesday. T. Rowe Price Group, Inc. has a 12 month low of $100.49 and a 12 month high of $125.81. The company has a market cap of $23.81 billion, a price-to-earnings ratio of 11.70, a P/E/G ratio of 1.70 and a beta of 1.44. The business has a fifty day simple moving average of $114.21 and a 200-day simple moving average of $112.35.

T. Rowe Price Group (NASDAQ:TROW) last posted its quarterly earnings data on Wednesday, February 5th. The asset manager reported $2.12 EPS for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.08). T. Rowe Price Group had a net margin of 29.61% and a return on equity of 20.91%. During the same quarter in the previous year, the business earned $1.72 EPS. As a group, sell-side analysts expect that T. Rowe Price Group, Inc. will post 9.36 EPS for the current fiscal year.

T. Rowe Price Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $1.27 dividend. The ex-dividend date is Friday, March 14th. This represents a $5.08 dividend on an annualized basis and a dividend yield of 4.74%. This is a positive change from T. Rowe Price Group’s previous quarterly dividend of $1.24. T. Rowe Price Group’s dividend payout ratio is presently 54.15%.

Insider Activity

In related news, VP Arif Husain sold 4,112 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $109.27, for a total transaction of $449,318.24. Following the completion of the sale, the vice president now directly owns 36,800 shares in the company, valued at approximately $4,021,136. This trade represents a 10.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $123.35, for a total value of $499,197.45. Following the sale, the vice president now directly owns 119,577 shares of the company’s stock, valued at $14,749,822.95. This trade represents a 3.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on TROW shares. Barclays reduced their price target on T. Rowe Price Group from $113.00 to $105.00 and set an “underweight” rating for the company in a research report on Thursday, February 6th. Wells Fargo & Company reduced their price objective on shares of T. Rowe Price Group from $118.00 to $116.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $113.00 price objective (up previously from $111.00) on shares of T. Rowe Price Group in a report on Thursday, February 6th. TD Cowen reduced their price target on shares of T. Rowe Price Group from $120.00 to $116.00 and set a “hold” rating for the company in a research note on Monday, November 4th. Finally, StockNews.com lowered shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a research note on Sunday, February 2nd. Four research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, T. Rowe Price Group has an average rating of “Hold” and a consensus target price of $115.09.

T. Rowe Price Group 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.