Lowe Brockenbrough & Co. Inc. Sells 776 Shares of T. Rowe Price Group Inc (TROW)

Lowe Brockenbrough & Co. Inc. lowered its stake in T. Rowe Price Group Inc (NASDAQ:TROW) by 3.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 23,596 shares of the asset manager’s stock after selling 776 shares during the period. Lowe Brockenbrough & Co. Inc.’s holdings in T. Rowe Price Group were worth $2,178,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund lifted its position in T. Rowe Price Group by 5,160.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,804,712 shares of the asset manager’s stock valued at $63,000 after acquiring an additional 5,694,370 shares in the last quarter. Check Capital Management Inc. CA bought a new position in T. Rowe Price Group in the 4th quarter valued at approximately $42,742,000. Vanguard Group Inc lifted its position in T. Rowe Price Group by 2.2% in the 3rd quarter. Vanguard Group Inc now owns 21,212,245 shares of the asset manager’s stock valued at $2,315,952,000 after acquiring an additional 457,683 shares in the last quarter. Vanguard Group Inc. lifted its position in T. Rowe Price Group by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 21,212,245 shares of the asset manager’s stock valued at $2,315,952,000 after acquiring an additional 457,683 shares in the last quarter. Finally, Bank of Montreal Can lifted its position in T. Rowe Price Group by 42.0% in the 4th quarter. Bank of Montreal Can now owns 1,217,396 shares of the asset manager’s stock valued at $112,390,000 after acquiring an additional 360,159 shares in the last quarter. Institutional investors own 72.64% of the company’s stock.

Several equities analysts recently issued reports on TROW shares. BidaskClub raised T. Rowe Price Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 16th. Credit Suisse Group lowered their price objective on 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. Barclays upped their price objective on T. Rowe Price Group from $85.00 to $88.00 and gave the company an “underweight” rating in a research report on Tuesday, February 19th. Morgan Stanley set a $101.00 price objective on T. Rowe Price Group and gave the company a “hold” rating in a research report on Friday, February 8th. Finally, Goldman Sachs Group cut T. Rowe Price Group from a “buy” rating to a “neutral” rating and set a $93.00 price objective on the stock. in a research report on Friday, January 4th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. T. Rowe Price Group has an average rating of “Hold” and a consensus price target of $102.73.



Shares of NASDAQ TROW traded up $0.25 during midday trading on Monday, hitting $99.01. 10,820 shares of the stock traded hands, compared to its average volume of 1,332,922. The stock has a market capitalization of $23.38 billion, a price-to-earnings ratio of 13.85, a PEG ratio of 1.85 and a beta of 1.04. T. Rowe Price Group Inc has a one year low of $84.59 and a one year high of $127.43.

T. Rowe Price Group (NASDAQ:TROW) last released its quarterly earnings results 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). T. Rowe Price Group had a net margin of 33.95% and a return on equity of 29.16%. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the previous year, the company earned $1.52 earnings per share. T. Rowe Price Group’s quarterly revenue was up 1.1% compared to the same quarter last year. As a group, analysts expect that T. Rowe Price Group Inc will post 6.4 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date is Thursday, March 14th. This is a positive change from T. Rowe Price Group’s previous quarterly dividend of $0.70. T. Rowe Price Group’s dividend payout ratio is presently 42.52%.

In other T. Rowe Price Group news, VP W. Sharps Robert sold 2,617 shares of the stock in a transaction 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 completion of the sale, the vice president now owns 448,651 shares in the company, valued at approximately $45,192,615.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Christopher D. Alderson sold 104,465 shares of the stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $96.94, for a total value of $10,126,837.10. Following the completion of the sale, the vice president now owns 401,164 shares of the company’s stock, valued at approximately $38,888,838.16. The disclosure for this sale can be found here. Insiders sold a total of 117,082 shares of company stock valued at $11,361,948 in the last quarter. 3.10% of the stock is currently owned by company insiders.

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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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