Johanson Financial Advisors Inc. Increases Position in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Johanson Financial Advisors Inc. grew its stake in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 9.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,964 shares of the asset manager’s stock after acquiring an additional 251 shares during the quarter. Johanson Financial Advisors Inc.’s holdings in T. Rowe Price Group were worth $518,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. HM Payson & Co. grew its holdings in shares of T. Rowe Price Group by 5.5% during the fourth quarter. HM Payson & Co. now owns 1,115 shares of the asset manager’s stock worth $169,000 after buying an additional 58 shares during the last quarter. Curbstone Financial Management Corp grew its holdings in shares of T. Rowe Price Group by 0.9% during the fourth quarter. Curbstone Financial Management Corp now owns 7,306 shares of the asset manager’s stock worth $1,106,000 after buying an additional 66 shares during the last quarter. OLD National Bancorp IN grew its holdings in shares of T. Rowe Price Group by 2.4% during the fourth quarter. OLD National Bancorp IN now owns 2,965 shares of the asset manager’s stock worth $449,000 after buying an additional 69 shares during the last quarter. D Orazio & Associates Inc. grew its holdings in shares of T. Rowe Price Group by 25.7% during the fourth quarter. D Orazio & Associates Inc. now owns 377 shares of the asset manager’s stock worth $57,000 after buying an additional 77 shares during the last quarter. Finally, Cordatus Wealth Management LLC grew its holdings in shares of T. Rowe Price Group by 0.7% during the fourth quarter. Cordatus Wealth Management LLC now owns 10,814 shares of the asset manager’s stock worth $1,637,000 after buying an additional 78 shares during the last quarter. Institutional investors and hedge funds own 69.48% of the company’s stock.

TROW has been the subject of a number of recent analyst reports. Credit Suisse Group downgraded shares of T. Rowe Price Group from an “outperform” rating to a “neutral” rating and raised their price objective for the company from $179.00 to $181.00 in a research report on Tuesday, March 30th. They noted that the move was a valuation call. The Goldman Sachs Group upgraded shares of T. Rowe Price Group from a “sell” rating to a “neutral” rating and raised their price objective for the company from $134.00 to $170.00 in a research report on Tuesday, January 5th. Barclays raised their price objective on shares of T. Rowe Price Group from $145.00 to $150.00 and gave the company an “underweight” rating in a research report on Monday, January 25th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell restated a “sell” rating and issued a $157.00 price objective on shares of T. Rowe Price Group in a research report on Tuesday. Finally, Morgan Stanley raised their price objective on shares of T. Rowe Price Group from $169.00 to $181.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 14th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. T. Rowe Price Group has an average rating of “Hold” and an average price target of $158.50.

Shares of TROW stock traded down $2.59 during midday trading on Thursday, reaching $176.61. 10,123 shares of the company traded hands, compared to its average volume of 1,187,757. T. Rowe Price Group, Inc. has a 1-year low of $98.52 and a 1-year high of $183.05. The firm has a market cap of $40.26 billion, a PE ratio of 20.07, a price-to-earnings-growth ratio of 1.19 and a beta of 1.15. The firm’s 50 day simple moving average is $174.55 and its two-hundred day simple moving average is $155.89.

T. Rowe Price Group (NASDAQ:TROW) last issued its quarterly earnings data on Thursday, January 28th. The asset manager reported $2.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.68 by $0.21. T. Rowe Price Group had a return on equity of 30.52% and a net margin of 35.92%. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same period in the previous year, the firm posted $2.03 EPS. The company’s quarterly revenue was up 18.0% compared to the same quarter last year. As a group, equities research analysts expect that T. Rowe Price Group, Inc. will post 9.23 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 30th. Investors of record on Tuesday, March 16th were given a dividend of $1.08 per share. This is an increase from T. Rowe Price Group’s previous quarterly dividend of $0.90. This represents a $4.32 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend was Monday, March 15th. T. Rowe Price Group’s payout ratio is currently 53.53%.

In other T. Rowe Price Group news, President W. Sharps Robert sold 6,000 shares of T. Rowe Price Group stock in a transaction that occurred on Monday, March 29th. The shares were sold at an average price of $176.75, for a total value of $1,060,500.00. Following the completion of the sale, the president now directly owns 472,138 shares of the company’s stock, valued at approximately $83,450,391.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William J. Stromberg sold 9,000 shares of T. Rowe Price Group stock in a transaction that occurred on Thursday, March 11th. The stock was sold at an average price of $173.78, for a total transaction of $1,564,020.00. Insiders own 1.00% 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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