T. Rowe Price Group Inc (TROW) Shares Bought by Millennium Management LLC

Millennium Management LLC raised its stake in T. Rowe Price Group Inc (NASDAQ:TROW) by 5,146.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 375,495 shares of the asset manager’s stock after purchasing an additional 368,338 shares during the period. Millennium Management LLC owned 0.16% of T. Rowe Price Group worth $34,666,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of T. Rowe Price Group by 2.2% in the third quarter. Vanguard Group Inc. now owns 21,212,245 shares of the asset manager’s stock valued at $2,315,952,000 after buying an additional 457,683 shares in the last quarter. Vanguard Group Inc increased its position in shares of T. Rowe Price Group by 2.2% in the third quarter. Vanguard Group Inc now owns 21,212,245 shares of the asset manager’s stock valued at $2,315,952,000 after buying an additional 457,683 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of T. Rowe Price Group by 5,160.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,804,712 shares of the asset manager’s stock valued at $63,000 after buying an additional 5,694,370 shares in the last quarter. Geode Capital Management LLC increased its position in shares of T. Rowe Price Group by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 3,439,749 shares of the asset manager’s stock valued at $317,047,000 after buying an additional 76,186 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of T. Rowe Price Group by 3.1% in the fourth quarter. Northern Trust Corp now owns 2,861,801 shares of the asset manager’s stock valued at $264,201,000 after buying an additional 86,061 shares in the last quarter. Institutional investors own 72.91% of the company’s stock.

Shares of NASDAQ TROW traded down $0.19 during midday trading on Friday, hitting $105.90. The stock had a trading volume of 1,319,331 shares, compared to its average volume of 971,195. The firm has a market capitalization of $25.07 billion, a P/E ratio of 14.81, a P/E/G ratio of 1.76 and a beta of 1.04. T. Rowe Price Group Inc has a 1-year low of $84.59 and a 1-year high of $127.43.

T. Rowe Price Group (NASDAQ:TROW) last released its quarterly earnings data on Wednesday, January 30th. The asset manager reported $1.41 earnings per share for the quarter, missing the consensus estimate of $1.66 by ($0.25). The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.33 billion. T. Rowe Price Group had a net margin of 33.95% and a return on equity of 29.16%. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.52 earnings per share. On average, equities analysts expect that T. Rowe Price Group Inc will post 6.9 earnings per share for the current fiscal year.

The business 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. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from T. Rowe Price Group’s previous quarterly dividend of $0.70. This represents a $3.04 annualized dividend and a yield of 2.87%. T. Rowe Price Group’s payout ratio is 42.52%.

In related news, VP Christopher D. Alderson sold 104,465 shares of the business’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $96.94, for a total transaction of $10,126,837.10. Following the transaction, the vice president now directly owns 401,164 shares of the company’s stock, valued at approximately $38,888,838.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP W. Sharps Robert sold 2,617 shares of T. Rowe Price Group stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $100.73, for a total value of $263,610.41. Following the sale, the vice president now owns 448,651 shares in the company, valued at $45,192,615.23. The disclosure for this sale can be found here. Insiders have sold a total of 117,082 shares of company stock worth $11,361,948 over the last three months. 3.10% of the stock is currently owned by corporate insiders.

A number of research analysts have recently weighed in on TROW shares. Goldman Sachs Group cut T. Rowe Price Group from a “buy” rating to a “neutral” rating and set a $93.00 price target for the company. in a research report on Friday, January 4th. Morgan Stanley set a $101.00 price objective on T. Rowe Price Group and gave the stock a “hold” rating in a research report on Friday, February 8th. BidaskClub upgraded T. Rowe Price Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 16th. Zacks Investment Research cut T. Rowe Price Group from a “hold” rating to a “sell” rating in a research report on Thursday, January 10th. Finally, Credit Suisse Group lowered their price target on T. Rowe Price Group from $115.00 to $107.00 and set an “outperform” rating for the company in a report on Monday, January 14th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $106.17.

COPYRIGHT VIOLATION WARNING: This article was reported by Baseball Daily News and is the sole property of of Baseball Daily News. If you are viewing this article on another domain, it was copied illegally and reposted in violation of international copyright and trademark law. The correct version of this article can be accessed at https://www.baseballdailydigest.com/news/2019/04/21/t-rowe-price-group-inc-trow-shares-bought-by-millennium-management-llc.html.

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.

Read More: Compound Interest

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

Receive News & Ratings for T. Rowe Price Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for T. Rowe Price Group and related companies with MarketBeat.com's FREE daily email newsletter.