First Trust Advisors LP Grows Position in T. Rowe Price Group Inc (TROW)

First Trust Advisors LP increased its holdings in shares of T. Rowe Price Group Inc (NASDAQ:TROW) by 12.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 741,319 shares of the asset manager’s stock after acquiring an additional 83,484 shares during the quarter. First Trust Advisors LP owned approximately 0.30% of T. Rowe Price Group worth $80,937,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Focused Wealth Management Inc acquired a new stake in shares of T. Rowe Price Group in the second quarter valued at approximately $139,000. Signature Estate & Investment Advisors LLC acquired a new stake in shares of T. Rowe Price Group in the second quarter valued at approximately $151,000. Parallel Advisors LLC increased its stake in shares of T. Rowe Price Group by 169.1% in the second quarter. Parallel Advisors LLC now owns 1,448 shares of the asset manager’s stock valued at $168,000 after purchasing an additional 910 shares during the period. Transamerica Financial Advisors Inc. acquired a new stake in shares of T. Rowe Price Group in the second quarter valued at approximately $190,000. Finally, Lodestar Investment Counsel LLC IL acquired a new stake in shares of T. Rowe Price Group in the second quarter valued at approximately $205,000. Institutional investors own 70.21% of the company’s stock.

NASDAQ TROW 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 cap of $23.23 billion, a P/E ratio of 17.29, a P/E/G ratio of 1.19 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 Zacks’ consensus estimate of $1.93 by $0.37. T. Rowe Price Group had a net margin of 33.98% and a return on equity of 29.52%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the business earned $1.56 earnings per share. Research analysts expect that T. Rowe Price Group Inc will post 7.29 EPS for the current fiscal year.

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

TROW has been the topic of several analyst reports. Zacks Investment Research upgraded shares of T. Rowe Price Group from a “hold” rating to a “buy” rating and set a $130.00 price target on the stock in a research note on Monday, July 2nd. Deutsche Bank dropped their price target on shares of T. Rowe Price Group from $136.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, August 16th. Morgan Stanley raised their price target on shares of T. Rowe Price Group from $114.00 to $116.00 and gave the company an “equal weight” rating in a research note on Thursday, July 12th. ValuEngine lowered shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th. Finally, BidaskClub lowered shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a research note on Tuesday, July 3rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $115.22.

T. Rowe Price Group Company 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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