T. Rowe Price Group, Inc. (NASDAQ:TROW) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 6.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,737 shares of the asset manager’s stock after purchasing an additional 3,969 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in T. Rowe Price Group were worth $6,725,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of TROW. CreativeOne Wealth LLC raised its holdings in T. Rowe Price Group by 57.7% in the 3rd quarter. CreativeOne Wealth LLC now owns 20,664 shares of the asset manager’s stock valued at $2,251,000 after buying an additional 7,561 shares during the period. Blueshift Asset Management LLC increased its position in shares of T. Rowe Price Group by 127.6% during the third quarter. Blueshift Asset Management LLC now owns 4,429 shares of the asset manager’s stock valued at $482,000 after acquiring an additional 2,483 shares during the last quarter. Bridgewater Associates LP raised its stake in shares of T. Rowe Price Group by 794.1% in the 3rd quarter. Bridgewater Associates LP now owns 15,879 shares of the asset manager’s stock valued at $1,730,000 after acquiring an additional 14,103 shares during the period. RBO & Co. LLC lifted its holdings in shares of T. Rowe Price Group by 5.0% in the 3rd quarter. RBO & Co. LLC now owns 82,435 shares of the asset manager’s stock worth $8,980,000 after acquiring an additional 3,960 shares during the last quarter. Finally, Townsquare Capital LLC boosted its position in shares of T. Rowe Price Group by 6.6% during the 3rd quarter. Townsquare Capital LLC now owns 4,839 shares of the asset manager’s stock worth $527,000 after purchasing an additional 299 shares during the period. 73.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft boosted their target price on T. Rowe Price Group from $115.00 to $120.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Morgan Stanley increased their target price on T. Rowe Price Group from $127.00 to $129.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. TD Cowen dropped their target price on T. Rowe Price Group from $120.00 to $116.00 and set a “hold” rating for the company in a research report on Monday, November 4th. Barclays boosted their price target on shares of T. Rowe Price Group from $101.00 to $110.00 and gave the stock an “underweight” rating in a research note on Monday, November 4th. Finally, Wells Fargo & Company raised their price objective on shares of T. Rowe Price Group from $109.00 to $112.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 9th. Four research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat, T. Rowe Price Group currently has an average rating of “Hold” and a consensus target price of $115.55.

T. Rowe Price Group Stock Down 0.3 %

Shares of NASDAQ:TROW opened at $123.84 on Monday. T. Rowe Price Group, Inc. has a fifty-two week low of $97.50 and a fifty-two week high of $124.83. The firm’s 50 day moving average price is $113.76 and its 200 day moving average price is $112.82. The stock has a market cap of $27.51 billion, a price-to-earnings ratio of 13.55, a price-to-earnings-growth ratio of 1.74 and a beta of 1.41.

T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly earnings data on Friday, November 1st. The asset manager reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.36 by $0.21. The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.84 billion. T. Rowe Price Group had a net margin of 30.35% and a return on equity of 20.35%. The company’s revenue was up 6.9% on a year-over-year basis. During the same period last year, the business earned $2.17 EPS. On average, equities analysts anticipate that T. Rowe Price Group, Inc. will post 9.39 EPS for the current year.

T. Rowe Price Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be issued a dividend of $1.24 per share. This represents a $4.96 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date is Friday, December 13th. T. Rowe Price Group’s dividend payout ratio (DPR) is 54.27%.

Insider Transactions at T. Rowe Price Group

In related news, insider Jessica M. Hiebler sold 484 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $104.73, for a total value of $50,689.32. Following the completion of the sale, the insider now directly owns 13,939 shares of the company’s stock, valued at $1,459,831.47. The trade was a 3.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Andrew Justin Mackenzi Thomson sold 11,969 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $102.83, for a total value of $1,230,772.27. Following the transaction, the vice president now directly owns 123,624 shares in the company, valued at approximately $12,712,255.92. The trade was a 8.83 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

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.