11,250 Shares of T. Rowe Price Group, Inc. $TROW Acquired by Tempus Wealth Planning LLC

Tempus Wealth Planning LLC bought a new position in T. Rowe Price Group, Inc. (NASDAQ:TROW) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 11,250 shares of the asset manager’s stock, valued at approximately $1,171,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of T. Rowe Price Group during the second quarter valued at approximately $2,728,119,000. State Street Corp grew its holdings in T. Rowe Price Group by 2.7% during the second quarter. State Street Corp now owns 14,653,478 shares of the asset manager’s stock worth $1,665,954,000 after buying an additional 381,183 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in T. Rowe Price Group by 20.0% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,150,561 shares of the asset manager’s stock worth $358,187,000 after buying an additional 524,544 shares in the last quarter. First Trust Advisors LP raised its position in T. Rowe Price Group by 12.6% in the 1st quarter. First Trust Advisors LP now owns 3,694,171 shares of the asset manager’s stock valued at $332,993,000 after buying an additional 413,317 shares during the last quarter. Finally, Provident Trust Co. raised its position in T. Rowe Price Group by 0.4% in the 2nd quarter. Provident Trust Co. now owns 2,061,353 shares of the asset manager’s stock valued at $234,355,000 after buying an additional 8,524 shares during the last quarter. Institutional investors and hedge funds own 73.39% of the company’s stock.

More T. Rowe Price Group News

Here are the key news stories impacting T. Rowe Price Group this week:

• Positive Sentiment: T. Rowe Price is expanding its field-sales coverage and strengthening its wealth-leadership and product-specialist teams. The move could improve distribution, advisor relationships and asset-gathering prospects, although the company did not provide a specific financial outlook tied to the changes. T. Rowe Price Expands Field Sales Coverage And Wealth Leadership And Product Specialist Teams
• Neutral Sentiment: Analyst commentary remains broadly neutral on T. Rowe Price among major financial stocks, suggesting limited near-term catalysts despite the company’s relatively low valuation. Analysts Are Neutral on Top Financial Stocks: T Rowe Price (TROW), GooseHead Insurance (GSHD)
• Negative Sentiment: Barclays lowered its price target to $102 from $103 and retained an Underweight rating. Although the target implies modest upside from the reference price, the rating signals that Barclays sees better opportunities elsewhere.
• Negative Sentiment: JPMorgan reduced its target to $106 from $107 and also maintained an Underweight rating, reinforcing concerns about T. Rowe Price’s growth or near-term earnings prospects.
• Negative Sentiment: BMO Capital Markets cut its target substantially to $110 from $120 and assigned a Market Perform rating. The downgrade indicates reduced confidence in potential outperformance.

T. Rowe Price Group Stock Down 1.7%

T. Rowe Price Group stock traded down $1.77 during trading on Wednesday, hitting $99.62. The stock had a trading volume of 2,371,910 shares, compared to its average volume of 2,066,978. The stock’s 50 day moving average is $107.78 and its two-hundred day moving average is $106.62. T. Rowe Price Group, Inc. has a 1 year low of $85.22 and a 1 year high of $122.00. The stock has a market cap of $21.25 billion, a price-to-earnings ratio of 9.99, a price-to-earnings-growth ratio of 4.50 and a beta of 1.45.

T. Rowe Price Group (NASDAQ:TROW) last issued its earnings results on Friday, July 31st. The asset manager reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.05. The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.89 billion. T. Rowe Price Group had a return on equity of 20.91% and a net margin of 29.26%. The business’s revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.24 earnings per share. As a group, equities research analysts anticipate that T. Rowe Price Group, Inc. will post 10.13 EPS for the current fiscal year.

T. Rowe Price Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th were issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend was Tuesday, September 15th. T. Rowe Price Group’s dividend payout ratio (DPR) is presently 52.16%.

Insider Buying and Selling at T. Rowe Price Group

In other T. Rowe Price Group news, VP Joshua Nelson sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $111.82, for a total value of $1,118,200.00. Following the completion of the transaction, the vice president owned 71,328 shares in the company, valued at $7,975,896.96. This trade represents a 12.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

TROW has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $109.00 price target on shares of T. Rowe Price Group in a research report on Monday, August 3rd. Evercore set a $109.00 price objective on shares of T. Rowe Price Group in a research report on Friday, October 9th. Morgan Stanley reduced their price objective on shares of T. Rowe Price Group from $116.00 to $110.00 and set an “equal weight” rating for the company in a research report on Friday, September 25th. BMO Capital Markets cut their price target on shares of T. Rowe Price Group from $120.00 to $110.00 and set a “market perform” rating on the stock in a report on Tuesday. Finally, Weiss Ratings upgraded shares of T. Rowe Price Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, September 4th. One equities research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $104.08.

T. Rowe Price Group Profile

T. Rowe Price Group, Inc is a global investment management firm headquartered in Baltimore, Maryland. The company provides investment strategies and related services to individual investors, retirement plans, financial intermediaries, institutions, and other clients.

Its offerings include actively managed mutual funds, exchange-traded funds, separately managed accounts, collective investment trusts, and other portfolio solutions. T. Rowe Price invests across equity, fixed-income, multi-asset, and alternative strategies, and also provides retirement planning, asset allocation, advisory, and investment research services.

Founded in 1937 by Thomas Rowe Price Jr., the company serves clients through operations and distribution relationships in the United States and international markets.