T. Rowe Price Group, Inc. (NASDAQ:TROW) Shares Sold by Tilia Fiduciary Partners Inc.

Tilia Fiduciary Partners Inc. decreased its position in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 5.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,146 shares of the asset manager’s stock after selling 445 shares during the quarter. Tilia Fiduciary Partners Inc.’s holdings in T. Rowe Price Group were worth $808,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Private Advisor Group LLC lifted its stake in shares of T. Rowe Price Group by 5.5% during the second quarter. Private Advisor Group LLC now owns 10,926 shares of the asset manager’s stock valued at $1,260,000 after buying an additional 571 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of T. Rowe Price Group during the second quarter worth $401,000. Caprock Group LLC grew its position in shares of T. Rowe Price Group by 58.6% in the second quarter. Caprock Group LLC now owns 3,599 shares of the asset manager’s stock valued at $415,000 after purchasing an additional 1,330 shares during the period. PFG Investments LLC acquired a new position in T. Rowe Price Group in the second quarter valued at $341,000. Finally, Wedbush Securities Inc. lifted its position in T. Rowe Price Group by 5.4% during the second quarter. Wedbush Securities Inc. now owns 7,711 shares of the asset manager’s stock worth $889,000 after buying an additional 393 shares during the period. Institutional investors and hedge funds own 73.39% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on TROW. JPMorgan Chase & Co. dropped their price objective on shares of T. Rowe Price Group from $116.00 to $115.00 and set an “underweight” rating for the company in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft increased their price target on shares of T. Rowe Price Group from $115.00 to $120.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. The Goldman Sachs Group dropped their price objective on T. Rowe Price Group from $106.00 to $102.00 and set a “sell” rating for the company in a report on Thursday, October 3rd. Keefe, Bruyette & Woods lifted their target price on T. Rowe Price Group from $114.00 to $116.00 and gave the company a “market perform” rating in a report on Friday, December 20th. Finally, StockNews.com lowered T. Rowe Price Group from a “buy” rating to a “hold” rating in a research note on Thursday. Four research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $117.00.

Insiders Place Their Bets

In related news, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $123.35, for a total transaction of $499,197.45. Following the sale, the vice president now owns 119,577 shares in the company, valued at $14,749,822.95. This represents a 3.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is currently owned by company insiders.

T. Rowe Price Group Stock Performance

Shares of TROW stock traded down $4.29 during mid-day trading on Friday, reaching $108.55. 2,162,052 shares of the company were exchanged, compared to its average volume of 1,129,020. The company has a market capitalization of $24.12 billion, a P/E ratio of 11.88, a P/E/G ratio of 1.73 and a beta of 1.43. The business’s 50 day simple moving average is $118.28 and its 200 day simple moving average is $113.04. T. Rowe Price Group, Inc. has a fifty-two week low of $100.49 and a fifty-two week high of $125.81.

T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly earnings data on Friday, November 1st. The asset manager reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.21. The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.84 billion. T. Rowe Price Group had a net margin of 30.35% and a return on equity of 20.35%. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the business earned $2.17 EPS. On average, analysts forecast that T. Rowe Price Group, Inc. will post 9.39 EPS for the current year.

T. Rowe Price Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were paid a dividend of $1.24 per share. This represents a $4.96 annualized dividend and a yield of 4.57%. The ex-dividend date was Friday, December 13th. T. Rowe Price Group’s payout ratio is currently 54.27%.

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.