T. Rowe Price Group, Inc. (NASDAQ:TROW) Shares Sold by TIAA Trust National Association

TIAA Trust National Association trimmed its holdings in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 5.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,391 shares of the asset manager’s stock after selling 253 shares during the period. TIAA Trust National Association’s holdings in T. Rowe Price Group were worth $535,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of TROW. Massmutual Trust Co. FSB ADV boosted its position in shares of T. Rowe Price Group by 7.5% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,236 shares of the asset manager’s stock valued at $151,000 after purchasing an additional 86 shares in the last quarter. ST Germain D J Co. Inc. boosted its position in shares of T. Rowe Price Group by 0.3% during the 1st quarter. ST Germain D J Co. Inc. now owns 31,065 shares of the asset manager’s stock valued at $3,787,000 after purchasing an additional 88 shares in the last quarter. MCF Advisors LLC boosted its position in shares of T. Rowe Price Group by 1.6% during the 1st quarter. MCF Advisors LLC now owns 5,953 shares of the asset manager’s stock valued at $726,000 after purchasing an additional 92 shares in the last quarter. Paulson Wealth Management Inc. boosted its holdings in shares of T. Rowe Price Group by 4.9% in the first quarter. Paulson Wealth Management Inc. now owns 2,028 shares of the asset manager’s stock worth $247,000 after buying an additional 95 shares during the period. Finally, Clear Harbor Asset Management LLC boosted its holdings in shares of T. Rowe Price Group by 3.2% in the fourth quarter. Clear Harbor Asset Management LLC now owns 3,240 shares of the asset manager’s stock worth $349,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 73.39% of the company’s stock.

Analyst Ratings Changes

TROW has been the subject of a number of research analyst reports. Citigroup increased their price target on shares of T. Rowe Price Group from $110.00 to $125.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. TD Cowen increased their price target on T. Rowe Price Group from $121.00 to $123.00 and gave the company a “hold” rating in a report on Monday, July 8th. Morgan Stanley increased their price target on T. Rowe Price Group from $114.00 to $125.00 and gave the company an “equal weight” rating in a report on Wednesday, April 17th. Evercore ISI lowered their price target on T. Rowe Price Group from $110.00 to $107.00 and set an “in-line” rating on the stock in a report on Tuesday, April 30th. Finally, UBS Group increased their price target on T. Rowe Price Group from $100.00 to $109.00 and gave the company a “sell” rating in a report on Friday, April 12th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, T. Rowe Price Group has a consensus rating of “Hold” and a consensus price target of $113.10.

T. Rowe Price Group Stock Down 1.6 %

Shares of TROW traded down $1.87 on Friday, hitting $114.79. The company’s stock had a trading volume of 820,770 shares, compared to its average volume of 887,961. The firm’s fifty day moving average price is $116.47 and its 200-day moving average price is $113.79. T. Rowe Price Group, Inc. has a fifty-two week low of $87.43 and a fifty-two week high of $132.76. The firm has a market capitalization of $25.63 billion, a price-to-earnings ratio of 13.63, a P/E/G ratio of 1.67 and a beta of 1.42.

T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly earnings data on Friday, April 26th. The asset manager reported $2.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.34. T. Rowe Price Group had a return on equity of 19.70% and a net margin of 29.09%. The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter in the prior year, the business posted $1.69 EPS. The business’s revenue was up 13.8% compared to the same quarter last year. As a group, equities analysts predict that T. Rowe Price Group, Inc. will post 8.96 earnings per share for the current fiscal year.

T. Rowe Price Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Friday, June 14th were paid a $1.24 dividend. This represents a $4.96 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date was Friday, June 14th. T. Rowe Price Group’s dividend payout ratio (DPR) is presently 58.91%.

Insider Buying and Selling at T. Rowe Price Group

In other T. Rowe Price Group news, Director Robert F. Maclellan sold 3,043 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $113.08, for a total value of $344,102.44. Following the transaction, the director now directly owns 34,635 shares of the company’s stock, valued at approximately $3,916,525.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, VP Dorothy C. Sawyer sold 2,000 shares of the stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $117.00, for a total transaction of $234,000.00. Following the sale, the vice president now directly owns 34,710 shares of the company’s stock, valued at approximately $4,061,070. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Robert F. Maclellan sold 3,043 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $113.08, for a total value of $344,102.44. Following the sale, the director now directly owns 34,635 shares in the company, valued at $3,916,525.80. The disclosure for this sale can be found here. Insiders have sold a total of 6,444 shares of company stock valued at $740,408 in the last ninety days. 2.00% of the stock is currently owned by corporate insiders.

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.