Personal CFO Solutions LLC Grows Position in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Personal CFO Solutions LLC raised its position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 6.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,599 shares of the asset manager’s stock after acquiring an additional 153 shares during the period. Personal CFO Solutions LLC’s holdings in T. Rowe Price Group were worth $291,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in T. Rowe Price Group by 8.8% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 255,660 shares of the asset manager’s stock valued at $28,864,000 after purchasing an additional 20,662 shares during the last quarter. MGO One Seven LLC purchased a new stake in shares of T. Rowe Price Group during the 1st quarter valued at about $203,000. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of T. Rowe Price Group by 4.0% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 201,311 shares of the asset manager’s stock valued at $22,728,000 after acquiring an additional 7,658 shares during the last quarter. Great Lakes Advisors LLC grew its position in T. Rowe Price Group by 2.4% in the first quarter. Great Lakes Advisors LLC now owns 23,679 shares of the asset manager’s stock worth $2,673,000 after acquiring an additional 562 shares in the last quarter. Finally, TCTC Holdings LLC increased its stake in T. Rowe Price Group by 0.9% during the first quarter. TCTC Holdings LLC now owns 65,705 shares of the asset manager’s stock worth $7,418,000 after acquiring an additional 610 shares during the last quarter. 75.85% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Wells Fargo & Company raised their price objective on shares of T. Rowe Price Group from $117.00 to $123.00 and gave the stock an “equal weight” rating in a research note on Monday, July 31st. UBS Group upped their target price on T. Rowe Price Group from $83.00 to $90.00 and gave the stock a “sell” rating in a report on Monday, July 31st. StockNews.com assumed coverage on T. Rowe Price Group in a report on Thursday, October 5th. They issued a “hold” rating for the company. The Goldman Sachs Group upped their price objective on shares of T. Rowe Price Group from $89.50 to $100.00 and gave the stock a “sell” rating in a research note on Monday, July 31st. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of T. Rowe Price Group from $113.00 to $110.00 and set a “hold” rating on the stock in a research report on Wednesday, October 11th. Five analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat, T. Rowe Price Group has a consensus rating of “Hold” and an average target price of $94.45.

Insider Activity

In other T. Rowe Price Group news, VP Andrew C. Mccormick sold 5,040 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $103.63, for a total transaction of $522,295.20. Following the sale, the vice president now owns 64,440 shares of the company’s stock, valued at approximately $6,677,917.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other T. Rowe Price Group news, VP Andrew C. Mccormick sold 5,040 shares of T. Rowe Price Group stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $103.63, for a total transaction of $522,295.20. Following the completion of the sale, the vice president now owns 64,440 shares of the company’s stock, valued at approximately $6,677,917.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Andrew Justin Mackenzi Thomson sold 11,969 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $111.82, for a total value of $1,338,373.58. Following the completion of the transaction, the vice president now owns 129,436 shares of the company’s stock, valued at $14,473,533.52. The disclosure for this sale can be found here. Insiders have sold a total of 27,039 shares of company stock worth $2,848,848 over the last 90 days. 2.10% of the stock is currently owned by corporate insiders.

T. Rowe Price Group Trading Up 0.3 %

NASDAQ TROW opened at $97.79 on Monday. T. Rowe Price Group, Inc. has a 12-month low of $87.43 and a 12-month high of $132.76. The firm’s fifty day simple moving average is $100.22 and its two-hundred day simple moving average is $107.68. The firm has a market capitalization of $21.85 billion, a P/E ratio of 13.93, a P/E/G ratio of 2.21 and a beta of 1.32.

T. Rowe Price Group (NASDAQ:TROW) last announced its earnings results on Friday, October 27th. The asset manager reported $2.17 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.39. T. Rowe Price Group had a return on equity of 18.79% and a net margin of 25.50%. The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the previous year, the business earned $1.86 EPS. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, sell-side analysts predict that T. Rowe Price Group, Inc. will post 7.36 earnings per share for the current fiscal year.

T. Rowe Price Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a dividend of $1.22 per share. The ex-dividend date is Thursday, December 14th. This represents a $4.88 annualized dividend and a dividend yield of 4.99%. T. Rowe Price Group’s dividend payout ratio (DPR) is currently 69.52%.

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.