Imprint Wealth LLC Purchases 295 Shares of T. Rowe Price Group, Inc. (NASDAQ:TROW)

Imprint Wealth LLC lifted its position in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 15.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,263 shares of the asset manager’s stock after purchasing an additional 295 shares during the quarter. Imprint Wealth LLC’s holdings in T. Rowe Price Group were worth $244,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Fairfield Bush & CO. bought a new stake in T. Rowe Price Group during the first quarter worth approximately $150,000. Roundview Capital LLC purchased a new position in shares of T. Rowe Price Group during the first quarter valued at approximately $2,092,000. Cibc World Market Inc. boosted its position in shares of T. Rowe Price Group by 75.9% during the first quarter. Cibc World Market Inc. now owns 27,065 shares of the asset manager’s stock valued at $4,092,000 after buying an additional 11,675 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of T. Rowe Price Group by 5.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,158,038 shares of the asset manager’s stock worth $175,099,000 after buying an additional 60,580 shares during the period. Finally, Prudential PLC raised its holdings in shares of T. Rowe Price Group by 47.1% in the first quarter. Prudential PLC now owns 12,117 shares of the asset manager’s stock worth $1,832,000 after buying an additional 3,880 shares during the period. 73.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TROW has been the topic of several recent analyst reports. TD Cowen upgraded T. Rowe Price Group from a “sell” rating to a “hold” rating and increased their price target for the stock from $92.00 to $114.00 in a report on Monday, April 8th. Keefe, Bruyette & Woods upgraded T. Rowe Price Group from an “underperform” rating to a “market perform” rating and increased their price target for the stock from $106.00 to $120.00 in a report on Thursday, April 11th. Citigroup increased their price target on T. Rowe Price Group from $110.00 to $125.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Wells Fargo & Company increased their price target on T. Rowe Price Group from $105.00 to $108.00 and gave the stock an “underweight” rating in a report on Friday, February 9th. Finally, StockNews.com cut T. Rowe Price Group from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Four research analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $110.56.

T. Rowe Price Group Trading Down 1.9 %

Shares of NASDAQ TROW opened at $112.11 on Wednesday. The stock has a market capitalization of $25.07 billion, a PE ratio of 14.45, a price-to-earnings-growth ratio of 2.20 and a beta of 1.40. The stock’s fifty day simple moving average is $114.64 and its two-hundred day simple moving average is $106.66. T. Rowe Price Group, Inc. has a 12-month low of $87.43 and a 12-month high of $132.76.

T. Rowe Price Group (NASDAQ:TROW) last announced its earnings results on Thursday, February 8th. The asset manager reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.12. The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.63 billion. T. Rowe Price Group had a return on equity of 18.41% and a net margin of 27.69%. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.74 EPS. On average, equities analysts predict that T. Rowe Price Group, Inc. will post 8.13 earnings per share for the current fiscal year.

T. Rowe Price Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a dividend of $1.24 per share. This represents a $4.96 annualized dividend and a yield of 4.42%. The ex-dividend date was Thursday, March 14th. This is a boost from T. Rowe Price Group’s previous quarterly dividend of $1.22. T. Rowe Price Group’s dividend payout ratio (DPR) is 63.92%.

Insider Buying and Selling at T. Rowe Price Group

In other news, insider Jessica M. Hiebler sold 1,138 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $107.13, for a total transaction of $121,913.94. Following the completion of the sale, the insider now owns 14,113 shares in the company, valued at approximately $1,511,925.69. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Freeman A. Hrabowski III sold 8,740 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $118.32, for a total transaction of $1,034,116.80. Following the completion of the sale, the director now owns 21,073 shares in the company, valued at approximately $2,493,357.36. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jessica M. Hiebler sold 1,138 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $107.13, for a total value of $121,913.94. Following the sale, the insider now owns 14,113 shares of the company’s stock, valued at approximately $1,511,925.69. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

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.