Securian Asset Management Inc. cut its position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW – Get Rating) by 2.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,326 shares of the asset manager’s stock after selling 422 shares during the period. Securian Asset Management Inc.’s holdings in T. Rowe Price Group were worth $1,999,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of TROW. Beacon Capital Management LLC boosted its holdings in T. Rowe Price Group by 61.3% during the 4th quarter. Beacon Capital Management LLC now owns 250 shares of the asset manager’s stock worth $27,000 after acquiring an additional 95 shares during the last quarter. Lumature Wealth Partners LLC increased its holdings in T. Rowe Price Group by 4.8% in the 3rd quarter. Lumature Wealth Partners LLC now owns 2,101 shares of the asset manager’s stock worth $221,000 after buying an additional 96 shares in the last quarter. Checchi Capital Advisers LLC boosted its position in T. Rowe Price Group by 3.6% in the third quarter. Checchi Capital Advisers LLC now owns 2,824 shares of the asset manager’s stock worth $297,000 after purchasing an additional 99 shares during the last quarter. Saratoga Research & Investment Management lifted its position in shares of T. Rowe Price Group by 1.9% during the 3rd quarter. Saratoga Research & Investment Management now owns 5,291 shares of the asset manager’s stock valued at $556,000 after buying an additional 100 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. raised its stake in T. Rowe Price Group by 15.4% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 749 shares of the asset manager’s stock valued at $82,000 after purchasing an additional 100 shares during the period. 76.58% of the stock is owned by institutional investors.
Insider Transactions at T. Rowe Price Group
In other news, VP Andrew C. Mccormick sold 14,154 shares of T. Rowe Price Group stock in a transaction on Friday, February 10th. The stock was sold at an average price of $116.73, for a total transaction of $1,652,196.42. Following the transaction, the vice president now directly owns 70,319 shares in the company, valued at approximately $8,208,336.87. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, VP Andrew Justin Mackenzi Thomson sold 11,969 shares of the firm’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $114.52, for a total value of $1,370,689.88. Following the transaction, the vice president now owns 129,436 shares of the company’s stock, valued at approximately $14,823,010.72. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Andrew C. Mccormick sold 14,154 shares of the business’s stock in a transaction on Friday, February 10th. The shares were sold at an average price of $116.73, for a total transaction of $1,652,196.42. Following the transaction, the vice president now owns 70,319 shares of the company’s stock, valued at $8,208,336.87. The disclosure for this sale can be found here. Company insiders own 2.10% of the company’s stock.
Analysts Set New Price Targets
T. Rowe Price Group Price Performance
Shares of T. Rowe Price Group stock opened at $111.96 on Monday. The firm’s 50-day moving average is $111.79 and its 200 day moving average is $113.63. T. Rowe Price Group, Inc. has a 1 year low of $93.53 and a 1 year high of $139.71. The stock has a market cap of $25.14 billion, a price-to-earnings ratio of 16.74, a PEG ratio of 2.79 and a beta of 1.30.
T. Rowe Price Group (NASDAQ:TROW – Get Rating) last released its earnings results on Thursday, January 26th. The asset manager reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.02. T. Rowe Price Group had a return on equity of 20.36% and a net margin of 24.01%. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same period last year, the company earned $3.17 earnings per share. The business’s revenue for the quarter was down 21.4% compared to the same quarter last year. On average, equities analysts expect that T. Rowe Price Group, Inc. will post 6.68 EPS for the current fiscal year.
T. Rowe Price Group Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 30th. Stockholders of record on Wednesday, March 15th were given a $1.22 dividend. This is an increase from T. Rowe Price Group’s previous quarterly dividend of $1.20. This represents a $4.88 annualized dividend and a dividend yield of 4.36%. The ex-dividend date was Tuesday, March 14th. T. Rowe Price Group’s dividend payout ratio is currently 72.94%.
About T. Rowe Price Group
T. Rowe Price Group, Inc engages in the provision of investment management services. The company was founded by Thomas Rowe Price Jr. in 1937 and is headquartered in Baltimore, MD.
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