Gamco Investors INC. ET AL Has $17.14 Million Holdings in T. Rowe Price Group Inc (TROW)

Gamco Investors INC. ET AL reduced its stake in shares of T. Rowe Price Group Inc (NASDAQ:TROW) by 0.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 156,996 shares of the asset manager’s stock after selling 1,384 shares during the period. Gamco Investors INC. ET AL’s holdings in T. Rowe Price Group were worth $17,141,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Tandem Investment Advisors Inc. increased its position in shares of T. Rowe Price Group by 7.6% in the third quarter. Tandem Investment Advisors Inc. now owns 102,329 shares of the asset manager’s stock valued at $11,172,000 after acquiring an additional 7,239 shares during the period. NumerixS Investment Technologies Inc purchased a new stake in T. Rowe Price Group in the second quarter worth about $228,000. Morgan Stanley lifted its stake in shares of T. Rowe Price Group by 10.0% in the second quarter. Morgan Stanley now owns 1,222,575 shares of the asset manager’s stock worth $141,929,000 after buying an additional 110,740 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of T. Rowe Price Group by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 2,116,400 shares of the asset manager’s stock worth $245,692,000 after buying an additional 8,164 shares in the last quarter. Finally, Broadleaf Partners LLC lifted its stake in shares of T. Rowe Price Group by 26.5% in the third quarter. Broadleaf Partners LLC now owns 21,893 shares of the asset manager’s stock worth $2,390,000 after buying an additional 4,588 shares in the last quarter. 70.99% of the stock is owned by institutional investors.

Shares of NASDAQ TROW opened at $99.89 on Friday. T. Rowe Price Group Inc has a one year low of $90.95 and a one year high of $127.43. The firm has a market capitalization of $23.86 billion, a P/E ratio of 18.40, a P/E/G ratio of 1.13 and a beta of 1.21.

T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly earnings data on Thursday, October 25th. The asset manager reported $2.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.93 by $0.37. T. Rowe Price Group had a net margin of 33.98% and a return on equity of 29.52%. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the firm posted $1.56 earnings per share. As a group, analysts expect that T. Rowe Price Group Inc will post 7.37 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be given a $0.70 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $2.80 dividend on an annualized basis and a yield of 2.80%. T. Rowe Price Group’s payout ratio is currently 51.57%.

A number of analysts have commented on the stock. Deutsche Bank upped their target price on shares of T. Rowe Price Group from $118.00 to $119.00 and gave the company a “hold” rating in a report on Thursday, September 27th. BidaskClub cut shares of T. Rowe Price Group from a “hold” rating to a “sell” rating in a research note on Saturday, August 18th. Wells Fargo & Co lowered their price objective on shares of T. Rowe Price Group from $115.00 to $106.00 and set a “market perform” rating for the company in a research report on Friday, October 26th. UBS Group lowered their price objective on shares of T. Rowe Price Group from $127.00 to $121.00 and set a “neutral” rating for the company in a research report on Monday, October 8th. Finally, Zacks Investment Research lowered shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a report on Friday, August 10th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. T. Rowe Price Group currently has a consensus rating of “Hold” and a consensus price target of $114.11.

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T. Rowe Price Group 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.

See Also: Exchange-Traded Funds (ETFs)

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

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