T. Rowe Price Group, Inc. (TROW) Shares Bought by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC increased its stake in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 24.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 644,970 shares of the asset manager’s stock after buying an additional 125,848 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.27% of T. Rowe Price Group worth $58,467,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in TROW. Good Life Advisors LLC lifted its position in T. Rowe Price Group by 1.1% during the second quarter. Good Life Advisors LLC now owns 4,650 shares of the asset manager’s stock valued at $359,000 after purchasing an additional 52 shares during the period. GHP Investment Advisors Inc. lifted its position in T. Rowe Price Group by 0.3% during the second quarter. GHP Investment Advisors Inc. now owns 19,549 shares of the asset manager’s stock valued at $1,451,000 after purchasing an additional 53 shares during the period. Pacer Advisors Inc. lifted its position in T. Rowe Price Group by 1.5% during the second quarter. Pacer Advisors Inc. now owns 5,259 shares of the asset manager’s stock valued at $390,000 after purchasing an additional 77 shares during the period. Security National Bank of SO Dak lifted its position in T. Rowe Price Group by 0.7% during the second quarter. Security National Bank of SO Dak now owns 11,910 shares of the asset manager’s stock valued at $884,000 after purchasing an additional 85 shares during the period. Finally, Quadrant Capital Group LLC lifted its position in T. Rowe Price Group by 5.4% during the second quarter. Quadrant Capital Group LLC now owns 1,749 shares of the asset manager’s stock valued at $121,000 after purchasing an additional 89 shares during the period. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

TROW has been the subject of a number of research reports. Jefferies Group restated a “buy” rating and set a $104.00 target price (up from $96.00) on shares of T. Rowe Price Group in a research report on Tuesday, October 10th. Citigroup boosted their target price on shares of T. Rowe Price Group from $94.00 to $95.00 and gave the company a “neutral” rating in a research report on Friday, October 27th. UBS boosted their target price on shares of T. Rowe Price Group from $69.00 to $72.00 and gave the company a “sell” rating in a research report on Friday, October 27th. Barclays upped their price objective on shares of T. Rowe Price Group from $79.00 to $84.00 and gave the stock an “underweight” rating in a research report on Friday, October 27th. Finally, Zacks Investment Research downgraded shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a research report on Wednesday, December 6th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $89.67.

T. Rowe Price Group, Inc. (NASDAQ:TROW) opened at $103.44 on Tuesday. The firm has a market cap of $24,853.74, a PE ratio of 20.03, a price-to-earnings-growth ratio of 1.88 and a beta of 1.32. T. Rowe Price Group, Inc. has a 1 year low of $65.33 and a 1 year high of $105.36.

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

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, December 14th will be given a $0.57 dividend. The ex-dividend date is Wednesday, December 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.20%. T. Rowe Price Group’s dividend payout ratio (DPR) is currently 37.38%.

In other news, CEO William J. Stromberg sold 30,000 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $97.09, for a total transaction of $2,912,700.00. Following the completion of the sale, the chief executive officer now owns 534,077 shares of the company’s stock, valued at $51,853,535.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kenneth V. Moreland sold 15,082 shares of the business’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $99.44, for a total transaction of $1,499,754.08. Following the sale, the chief financial officer now directly owns 110,182 shares of the company’s stock, valued at approximately $10,956,498.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 122,513 shares of company stock valued at $12,032,565. Insiders own 3.60% of the company’s stock.

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T. Rowe Price Group Company 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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