Global X MANAGEMENT CO LLC Has $534,000 Stake in T. Rowe Price Group, Inc. (TROW)

Global X MANAGEMENT CO LLC increased its position in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 14.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,888 shares of the asset manager’s stock after acquiring an additional 733 shares during the quarter. Global X MANAGEMENT CO LLC’s holdings in T. Rowe Price Group were worth $534,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Alpha Cubed Investments LLC bought a new stake in T. Rowe Price Group during the third quarter valued at approximately $256,000. Reliance Trust Co. of Delaware bought a new stake in T. Rowe Price Group during the third quarter valued at approximately $304,000. JPMorgan Chase & Co. lifted its position in T. Rowe Price Group by 1.3% during the second quarter. JPMorgan Chase & Co. now owns 11,756,348 shares of the asset manager’s stock valued at $872,439,000 after purchasing an additional 156,326 shares during the last quarter. Ffcm LLC lifted its position in T. Rowe Price Group by 6.4% during the second quarter. Ffcm LLC now owns 37,660 shares of the asset manager’s stock valued at $2,795,000 after purchasing an additional 2,261 shares during the last quarter. Finally, OLD Point Trust & Financial Services N A lifted its position in T. Rowe Price Group by 11.6% during the third quarter. OLD Point Trust & Financial Services N A now owns 15,334 shares of the asset manager’s stock valued at $1,390,000 after purchasing an additional 1,600 shares during the last quarter. Institutional investors and hedge funds own 72.28% of the company’s stock.

Several equities research analysts have issued reports on TROW shares. Zacks Investment Research upgraded shares of T. Rowe Price Group from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a research report on Tuesday, September 12th. Jefferies Group LLC reissued a “buy” rating and set a $96.00 price target on shares of T. Rowe Price Group in a research note on Sunday, August 20th. ValuEngine raised shares of T. Rowe Price Group from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. BidaskClub downgraded shares of T. Rowe Price Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 1st. Finally, Goldman Sachs Group, Inc. (The) raised shares of T. Rowe Price Group from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $85.00 to $100.00 in a research note on Thursday, September 28th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $89.50.

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In other T. Rowe Price Group news, insider Jessica M. Hiebler sold 1,000 shares of the business’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $84.29, for a total transaction of $84,290.00. Following the transaction, the insider now directly owns 8,461 shares of the company’s stock, valued at approximately $713,177.69. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Anne M. Whittemore sold 4,163 shares of the business’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $90.64, for a total transaction of $377,334.32. Following the transaction, the director now directly owns 29,070 shares in the company, valued at $2,634,904.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,204 shares of company stock worth $1,640,922. 3.60% of the stock is owned by insiders.

T. Rowe Price Group, Inc. (TROW) opened at $95.98 on Friday. T. Rowe Price Group, Inc. has a one year low of $65.33 and a one year high of $97.35. The company has a market cap of $23,256.91, a price-to-earnings ratio of 18.75, a P/E/G ratio of 1.76 and a beta of 1.29.

T. Rowe Price Group (NASDAQ:TROW) last issued its earnings results on Thursday, October 26th. The asset manager reported $1.56 EPS for the quarter, topping the consensus estimate of $1.36 by $0.20. T. Rowe Price Group had a net margin of 33.10% and a return on equity of 24.76%. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the firm earned $1.17 earnings per share. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. analysts predict that T. Rowe Price Group, Inc. will post 5.29 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, December 14th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend is Wednesday, December 13th. T. Rowe Price Group’s payout ratio is 37.38%.

T. Rowe Price Group Profile

T. Rowe Price Group, Inc is a financial services holding company. The Company provides global investment management services through its subsidiaries to investors across the world. The Company provides an array of Company sponsored the United States mutual funds, other sponsored pooled investment vehicles, sub advisory services, separate account management, recordkeeping, and related services to individuals, advisors, institutions, financial intermediaries and retirement plan sponsors.

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Institutional Ownership by Quarter for T. Rowe Price Group (NASDAQ:TROW)

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