T. Rowe Price Group, Inc. (NASDAQ:TROW) Shares Bought by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 7.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,975 shares of the asset manager’s stock after acquiring an additional 275 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in T. Rowe Price Group were worth $496,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its stake in shares of T. Rowe Price Group by 2.8% during the 3rd quarter. Principal Financial Group Inc. now owns 275,978 shares of the asset manager’s stock worth $30,062,000 after buying an additional 7,503 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in T. Rowe Price Group during the third quarter worth $47,000. Essex Savings Bank raised its position in T. Rowe Price Group by 33.3% in the third quarter. Essex Savings Bank now owns 2,996 shares of the asset manager’s stock worth $326,000 after acquiring an additional 749 shares in the last quarter. Atria Investments Inc lifted its holdings in T. Rowe Price Group by 7.0% in the third quarter. Atria Investments Inc now owns 6,103 shares of the asset manager’s stock valued at $665,000 after acquiring an additional 400 shares during the period. Finally, Sigma Planning Corp boosted its position in shares of T. Rowe Price Group by 9.1% during the 3rd quarter. Sigma Planning Corp now owns 13,676 shares of the asset manager’s stock worth $1,490,000 after purchasing an additional 1,140 shares in the last quarter. 73.39% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP Arif Husain sold 4,112 shares of the firm’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $109.27, for a total value of $449,318.24. Following the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.00% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently commented on TROW shares. Barclays reduced their price objective on shares of T. Rowe Price Group from $113.00 to $105.00 and set an “underweight” rating for the company in a research note on Thursday, February 6th. StockNews.com downgraded shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a research report on Sunday, February 2nd. Deutsche Bank Aktiengesellschaft upped their price target on T. Rowe Price Group from $115.00 to $120.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Morgan Stanley reduced their price objective on T. Rowe Price Group from $126.00 to $121.00 and set an “equal weight” rating for the company in a report on Monday, February 24th. Finally, Wells Fargo & Company lowered their target price on T. Rowe Price Group from $118.00 to $116.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Four equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to data from MarketBeat, T. Rowe Price Group has an average rating of “Hold” and an average target price of $114.09.

T. Rowe Price Group Trading Down 1.9 %

Shares of TROW opened at $98.77 on Tuesday. T. Rowe Price Group, Inc. has a twelve month low of $97.26 and a twelve month high of $125.81. The firm has a market capitalization of $21.99 billion, a P/E ratio of 10.78, a price-to-earnings-growth ratio of 2.86 and a beta of 1.46. The stock’s fifty day simple moving average is $109.86 and its 200 day simple moving average is $112.06.

T. Rowe Price Group (NASDAQ:TROW) last released its quarterly earnings data on Wednesday, February 5th. The asset manager reported $2.12 EPS for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.08). T. Rowe Price Group had a return on equity of 20.83% and a net margin of 29.61%. During the same period in the previous year, the company earned $1.72 earnings per share. Sell-side analysts predict that T. Rowe Price Group, Inc. will post 9.29 earnings per share for the current year.

T. Rowe Price Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $1.27 per share. This represents a $5.08 dividend on an annualized basis and a yield of 5.14%. This is a boost from T. Rowe Price Group’s previous quarterly dividend of $1.24. The ex-dividend date is Friday, March 14th. T. Rowe Price Group’s payout ratio is 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.