RBO & Co. LLC Purchases 183 Shares of T. Rowe Price Group, Inc. (NASDAQ:TROW)

RBO & Co. LLC increased its holdings in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 0.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 82,618 shares of the asset manager’s stock after purchasing an additional 183 shares during the period. RBO & Co. LLC’s holdings in T. Rowe Price Group were worth $9,343,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in TROW. Kapitalo Investimentos Ltda purchased a new stake in shares of T. Rowe Price Group during the fourth quarter valued at about $116,000. Schonfeld Strategic Advisors LLC raised its stake in shares of T. Rowe Price Group by 209.9% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 19,162 shares of the asset manager’s stock worth $2,167,000 after acquiring an additional 12,979 shares in the last quarter. Lido Advisors LLC lifted its position in T. Rowe Price Group by 11.6% during the fourth quarter. Lido Advisors LLC now owns 11,085 shares of the asset manager’s stock valued at $1,254,000 after acquiring an additional 1,150 shares during the last quarter. Northern Trust Corp boosted its stake in T. Rowe Price Group by 10.0% in the fourth quarter. Northern Trust Corp now owns 2,290,739 shares of the asset manager’s stock valued at $259,060,000 after acquiring an additional 208,304 shares in the last quarter. Finally, Mendel Capital Management LLC increased its position in shares of T. Rowe Price Group by 4.8% during the fourth quarter. Mendel Capital Management LLC now owns 5,414 shares of the asset manager’s stock worth $612,000 after purchasing an additional 250 shares in the last quarter. 73.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other T. Rowe Price Group news, VP Arif Husain sold 4,112 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $109.27, for a total transaction of $449,318.24. Following the sale, the vice president now owns 36,800 shares of the company’s stock, valued at approximately $4,021,136. This trade represents a 10.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert F. Maclellan sold 3,955 shares of the business’s stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $91.56, for a total transaction of $362,119.80. Following the sale, the director now owns 42,979 shares of the company’s stock, valued at $3,935,157.24. This represents a 8.43 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

TROW has been the topic of several research analyst reports. Keefe, Bruyette & Woods restated a “market perform” rating and set a $113.00 target price (up from $111.00) on shares of T. Rowe Price Group in a research note on Thursday, February 6th. Bank of America cut their price objective on shares of T. Rowe Price Group from $90.00 to $85.00 and set an “underperform” rating on the stock in a report on Thursday, April 3rd. Citigroup decreased their price objective on shares of T. Rowe Price Group from $100.00 to $95.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. 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. Finally, Evercore ISI lowered their price target on T. Rowe Price Group from $104.00 to $80.00 and set an “in-line” rating for the company in a research report on Friday, April 11th. Four equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $96.00.

T. Rowe Price Group Trading Up 0.1 %

TROW stock opened at $88.86 on Wednesday. T. Rowe Price Group, Inc. has a 12-month low of $77.85 and a 12-month high of $125.81. The stock has a market cap of $19.75 billion, a price-to-earnings ratio of 9.70, a PEG ratio of 2.86 and a beta of 1.50. The business’s 50-day moving average is $92.83 and its 200 day moving average is $107.43.

T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly earnings data on Wednesday, February 5th. The asset manager reported $2.12 earnings per share (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 20.83%. During the same quarter in the previous year, the business posted $1.72 earnings per share. As a group, equities analysts forecast that T. Rowe Price Group, Inc. will post 9.29 EPS for the current fiscal year.

T. Rowe Price Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $1.27 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $5.08 dividend on an annualized basis and a dividend yield of 5.72%. This is an increase from T. Rowe Price Group’s previous quarterly dividend of $1.24. T. Rowe Price Group’s dividend payout ratio (DPR) is currently 55.46%.

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.