World Asset Management Inc Grows Stock Holdings in T. Rowe Price Group Inc (NASDAQ:TROW)

World Asset Management Inc lifted its position in shares of T. Rowe Price Group Inc (NASDAQ:TROW) by 1.2% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,144 shares of the asset manager’s stock after buying an additional 211 shares during the quarter. World Asset Management Inc’s holdings in T. Rowe Price Group were worth $2,073,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TROW. FMR LLC lifted its stake in shares of T. Rowe Price Group by 2.8% during the 1st quarter. FMR LLC now owns 1,015,260 shares of the asset manager’s stock valued at $101,648,000 after buying an additional 28,106 shares in the last quarter. OLD Point Trust & Financial Services N A lifted its stake in shares of T. Rowe Price Group by 5.7% during the 2nd quarter. OLD Point Trust & Financial Services N A now owns 16,307 shares of the asset manager’s stock valued at $1,789,000 after buying an additional 883 shares in the last quarter. Rockland Trust Co. lifted its stake in shares of T. Rowe Price Group by 3.2% during the 2nd quarter. Rockland Trust Co. now owns 103,843 shares of the asset manager’s stock valued at $11,393,000 after buying an additional 3,237 shares in the last quarter. WINTON GROUP Ltd lifted its stake in shares of T. Rowe Price Group by 68.5% during the 2nd quarter. WINTON GROUP Ltd now owns 6,238 shares of the asset manager’s stock valued at $684,000 after buying an additional 2,535 shares in the last quarter. Finally, Carroll Financial Associates Inc. lifted its stake in shares of T. Rowe Price Group by 22.6% during the 2nd quarter. Carroll Financial Associates Inc. now owns 2,550 shares of the asset manager’s stock valued at $279,000 after buying an additional 470 shares in the last quarter. Institutional investors own 68.72% of the company’s stock.

Shares of NASDAQ TROW traded up $4.76 during mid-day trading on Thursday, hitting $113.14. 120,656 shares of the company’s stock traded hands, compared to its average volume of 1,080,972. The company’s 50-day moving average is $112.95 and its two-hundred day moving average is $108.63. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.91 and a quick ratio of 3.91. The company has a market capitalization of $25.49 billion, a P/E ratio of 15.81, a PEG ratio of 1.73 and a beta of 1.05. T. Rowe Price Group Inc has a 1 year low of $84.59 and a 1 year high of $120.99.

T. Rowe Price Group (NASDAQ:TROW) last announced its earnings results on Thursday, October 24th. The asset manager reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.15. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. T. Rowe Price Group had a net margin of 36.17% and a return on equity of 28.80%. The business’s revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.99 EPS. Equities analysts anticipate that T. Rowe Price Group Inc will post 7.79 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 2.69%. The ex-dividend date was Thursday, September 12th. T. Rowe Price Group’s dividend payout ratio is 42.52%.

A number of research analysts recently weighed in on the stock. BMO Capital Markets assumed coverage on shares of T. Rowe Price Group in a research note on Monday, October 7th. They set a “market perform” rating and a $101.00 target price on the stock. BidaskClub cut shares of T. Rowe Price Group from a “hold” rating to a “sell” rating in a research note on Tuesday. Deutsche Bank decreased their price target on shares of T. Rowe Price Group from $115.00 to $112.00 and set a “hold” rating on the stock in a research note on Friday, August 9th. UBS Group boosted their price target on shares of T. Rowe Price Group from $109.00 to $111.00 and gave the stock a “neutral” rating in a research note on Monday, July 8th. Finally, Wells Fargo & Co set a $112.00 price target on shares of T. Rowe Price Group and gave the stock a “hold” rating in a research note on Friday, October 11th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $110.54.

In other news, VP Robert C.T. Higginbotham sold 19,393 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $115.17, for a total transaction of $2,233,491.81. Following the sale, the vice president now directly owns 68,864 shares in the company, valued at approximately $7,931,066.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Christopher D. Alderson sold 36,898 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $114.41, for a total transaction of $4,221,500.18. Following the sale, the vice president now owns 414,144 shares in the company, valued at $47,382,215.04. The disclosure for this sale can be found here. Insiders have sold a total of 79,773 shares of company stock worth $9,187,023 over the last 90 days. Corporate insiders own 3.10% of the company’s stock.

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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