T. Rowe Price Group Inc (TROW) Shares Bought by Advisors Asset Management Inc.

Advisors Asset Management Inc. lifted its holdings in T. Rowe Price Group Inc (NASDAQ:TROW) by 2.2% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,641 shares of the asset manager’s stock after buying an additional 502 shares during the period. Advisors Asset Management Inc.’s holdings in T. Rowe Price Group were worth $2,744,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Focused Wealth Management Inc purchased a new position in shares of T. Rowe Price Group in the 2nd quarter worth approximately $139,000. Signature Estate & Investment Advisors LLC purchased a new position in shares of T. Rowe Price Group in the 2nd quarter worth approximately $151,000. Parallel Advisors LLC boosted its stake in shares of T. Rowe Price Group by 169.1% in the 2nd quarter. Parallel Advisors LLC now owns 1,448 shares of the asset manager’s stock worth $168,000 after buying an additional 910 shares during the last quarter. Transamerica Financial Advisors Inc. purchased a new position in shares of T. Rowe Price Group in the 2nd quarter worth approximately $190,000. Finally, Lodestar Investment Counsel LLC IL purchased a new position in shares of T. Rowe Price Group in the 2nd quarter worth approximately $205,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

T. Rowe Price Group stock opened at $93.87 on Friday. T. Rowe Price Group Inc has a 12 month low of $90.95 and a 12 month high of $127.43. The company has a market capitalization of $24.17 billion, a P/E ratio of 17.29, a PEG ratio of 1.23 and a beta of 1.19.



T. Rowe Price Group (NASDAQ:TROW) last posted its quarterly earnings data on Thursday, October 25th. The asset manager reported $2.30 EPS for the quarter, beating the consensus estimate of $1.93 by $0.37. T. Rowe Price Group had a return on equity of 28.49% and a net margin of 31.67%. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the business earned $1.56 earnings per share. As a group, equities analysts expect that T. Rowe Price Group Inc will post 7.29 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $2.80 dividend on an annualized basis and a yield of 2.98%. T. Rowe Price Group’s payout ratio is 51.57%.

Several equities analysts recently commented on TROW shares. Deutsche Bank upped their price objective on T. Rowe Price Group from $118.00 to $119.00 and gave the company a “hold” rating in a research note on Thursday, September 27th. BidaskClub downgraded T. Rowe Price Group from a “hold” rating to a “sell” rating in a research note on Saturday, August 18th. Wells Fargo & Co dropped their price objective on T. Rowe Price Group from $115.00 to $106.00 and set a “market perform” rating on the stock in a research note on Friday. Zacks Investment Research downgraded T. Rowe Price Group from a “buy” rating to a “hold” rating in a research note on Friday, August 10th. Finally, UBS Group dropped their price objective on T. Rowe Price Group from $127.00 to $121.00 and set a “neutral” rating on the stock in a research note on Monday, October 8th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. T. Rowe Price Group currently has a consensus rating of “Hold” and a consensus target price of $115.22.

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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