T. Rowe Price Group Inc (TROW) Shares Bought by Advisory Services Network LLC

Advisory Services Network LLC increased its holdings in T. Rowe Price Group Inc (NASDAQ:TROW) by 4.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,638 shares of the asset manager’s stock after buying an additional 454 shares during the period. Advisory Services Network LLC’s holdings in T. Rowe Price Group were worth $890,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Reilly Financial Advisors LLC grew its stake in shares of T. Rowe Price Group by 66.3% in the fourth quarter. Reilly Financial Advisors LLC now owns 296 shares of the asset manager’s stock worth $27,000 after purchasing an additional 118 shares during the last quarter. Alpha Windward LLC raised its holdings in shares of T. Rowe Price Group by 4.8% during the fourth quarter. Alpha Windward LLC now owns 2,631 shares of the asset manager’s stock valued at $243,000 after purchasing an additional 120 shares during the period. Leavell Investment Management Inc. raised its holdings in shares of T. Rowe Price Group by 3.1% during the fourth quarter. Leavell Investment Management Inc. now owns 4,021 shares of the asset manager’s stock valued at $371,000 after purchasing an additional 121 shares during the period. FTB Advisors Inc. raised its holdings in shares of T. Rowe Price Group by 47.1% during the fourth quarter. FTB Advisors Inc. now owns 428 shares of the asset manager’s stock valued at $39,000 after purchasing an additional 137 shares during the period. Finally, BRYN MAWR TRUST Co raised its holdings in shares of T. Rowe Price Group by 3.2% during the fourth quarter. BRYN MAWR TRUST Co now owns 4,588 shares of the asset manager’s stock valued at $424,000 after purchasing an additional 143 shares during the period. Institutional investors own 72.91% of the company’s stock.

Shares of TROW traded down $0.19 during trading hours on Friday, reaching $105.90. 1,319,331 shares of the company traded hands, compared to its average volume of 971,195. The firm has a market capitalization of $25.07 billion, a price-to-earnings ratio of 14.81, a PEG ratio of 1.76 and a beta of 1.04. T. Rowe Price Group Inc has a 12 month low of $84.59 and a 12 month high of $127.43.

T. Rowe Price Group (NASDAQ:TROW) last issued its quarterly earnings results on Wednesday, January 30th. The asset manager reported $1.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.25). T. Rowe Price Group had a net margin of 33.95% and a return on equity of 29.16%. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same period last year, the business earned $1.52 earnings per share. The company’s revenue was up 1.1% on a year-over-year basis. As a group, sell-side analysts expect that T. Rowe Price Group Inc will post 6.9 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.76 per share. This is a boost from T. Rowe Price Group’s previous quarterly dividend of $0.70. This represents a $3.04 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date was Thursday, March 14th. T. Rowe Price Group’s dividend payout ratio (DPR) is 42.52%.

In other T. Rowe Price Group news, insider Edward C. Bernard sold 10,000 shares of T. Rowe Price Group stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $97.15, for a total value of $971,500.00. Following the completion of the transaction, the insider now directly owns 651,532 shares of the company’s stock, valued at $63,296,333.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP W. Sharps Robert sold 2,617 shares of T. Rowe Price Group stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $100.73, for a total transaction of $263,610.41. Following the completion of the transaction, the vice president now directly owns 448,651 shares of the company’s stock, valued at $45,192,615.23. The disclosure for this sale can be found here. Over the last three months, insiders have sold 117,082 shares of company stock valued at $11,361,948. 3.10% of the stock is currently owned by corporate insiders.

TROW has been the topic of several recent analyst reports. Goldman Sachs Group cut shares of T. Rowe Price Group from a “buy” rating to a “neutral” rating and set a $93.00 target price on the stock. in a research note on Friday, January 4th. Morgan Stanley lowered their price objective on shares of T. Rowe Price Group from $105.00 to $98.00 and set an “equal weight” rating on the stock in a research report on Friday, January 4th. Zacks Investment Research cut shares of T. Rowe Price Group from a “hold” rating to a “sell” rating in a research report on Thursday, January 10th. Credit Suisse Group lowered their price objective on shares of T. Rowe Price Group from $115.00 to $107.00 and set an “outperform” rating on the stock in a research report on Monday, January 14th. Finally, BidaskClub upgraded shares of T. Rowe Price Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $106.17.

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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.

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Institutional Ownership by Quarter for T. Rowe Price Group (NASDAQ:TROW)

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