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

Fmr LLC boosted its position in T. Rowe Price Group Inc (NASDAQ:TROW) by 0.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,733,147 shares of the asset manager’s stock after purchasing an additional 12,764 shares during the period. Fmr LLC owned about 0.72% of T. Rowe Price Group worth $189,225,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. American International Group Inc. boosted its holdings in shares of T. Rowe Price Group by 9.9% during the third quarter. American International Group Inc. now owns 148,792 shares of the asset manager’s stock worth $16,245,000 after purchasing an additional 13,361 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of T. Rowe Price Group by 0.6% during the third quarter. BlackRock Inc. now owns 17,444,147 shares of the asset manager’s stock worth $1,904,553,000 after purchasing an additional 97,337 shares during the last quarter. Atlas Capital Advisors LLC boosted its holdings in shares of T. Rowe Price Group by 207.2% during the third quarter. Atlas Capital Advisors LLC now owns 3,567 shares of the asset manager’s stock worth $399,000 after purchasing an additional 2,406 shares during the last quarter. Todd Asset Management LLC acquired a new stake in shares of T. Rowe Price Group during the third quarter worth $14,434,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of T. Rowe Price Group by 0.8% during the third quarter. Bank of New York Mellon Corp now owns 2,132,814 shares of the asset manager’s stock worth $232,862,000 after purchasing an additional 16,414 shares during the last quarter. 71.57% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently issued reports on TROW. Deutsche Bank decreased their price objective on T. Rowe Price Group from $136.00 to $135.00 and set a “buy” rating on the stock in a report on Thursday, August 16th. Citigroup decreased their price objective on T. Rowe Price Group from $113.00 to $105.00 and set a “hold” rating on the stock in a report on Monday, October 29th. Bank of America reiterated a “buy” rating and issued a $108.00 target price (down previously from $125.00) on shares of T. Rowe Price Group in a report on Thursday. Zacks Investment Research upgraded T. Rowe Price Group from a “hold” rating to a “buy” rating and set a $122.00 target price on the stock in a report on Thursday, October 11th. Finally, Credit Suisse Group reduced their target price on T. Rowe Price Group from $161.00 to $123.00 and set an “outperform” rating on the stock in a report on Friday, October 26th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $108.00.



NASDAQ:TROW opened at $94.86 on Friday. T. Rowe Price Group Inc has a 12 month low of $91.48 and a 12 month high of $127.43. The stock has a market capitalization of $22.93 billion, a price-to-earnings ratio of 17.47, a P/E/G ratio of 1.09 and a beta of 1.21.

T. Rowe Price Group (NASDAQ:TROW) last released 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 29.52% and a net margin of 33.98%. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the company posted $1.56 earnings per share. As a group, equities research analysts anticipate that T. Rowe Price Group Inc will post 7.37 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date is Thursday, December 13th. T. Rowe Price Group’s payout ratio is 51.57%.

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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.

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

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