Insider Selling: T. Rowe Price Group Inc (TROW) VP Sells $263,610.41 in Stock

T. Rowe Price Group Inc (NASDAQ:TROW) VP W. Sharps Robert sold 2,617 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $100.73, for a total transaction of $263,610.41. Following the completion of the sale, the vice president now directly owns 448,651 shares in the company, valued at approximately $45,192,615.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

NASDAQ TROW opened at $102.44 on Friday. T. Rowe Price Group Inc has a 1 year low of $84.59 and a 1 year high of $127.43. The firm has a market cap of $24.20 billion, a price-to-earnings ratio of 14.33, a PEG ratio of 1.92 and a beta of 1.04.

T. Rowe Price Group (NASDAQ:TROW) last posted its quarterly earnings results on Wednesday, January 30th. The asset manager reported $1.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.66 by ($0.25). T. Rowe Price Group had a return on equity of 29.16% and a net margin of 33.95%. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period last year, the company posted $1.52 earnings per share. The business’s revenue was up 1.1% compared to the same quarter last year. On average, equities analysts anticipate that T. Rowe Price Group Inc will post 6.27 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be given a dividend of $0.76 per share. This is a positive change from T. Rowe Price Group’s previous quarterly dividend of $0.70. This represents a $3.04 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend is Thursday, March 14th. T. Rowe Price Group’s dividend payout ratio is 39.16%.

A number of brokerages have recently commented on TROW. Deutsche Bank boosted their price objective on shares of T. Rowe Price Group from $91.00 to $94.00 and gave the stock a “hold” rating in a research report on Friday. BidaskClub raised shares of T. Rowe Price Group from a “sell” rating to a “hold” rating in a research report on Wednesday. Credit Suisse Group boosted their price objective on shares of T. Rowe Price Group from $107.00 to $121.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 27th. Citigroup boosted their price objective on shares of T. Rowe Price Group from $91.00 to $98.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 27th. Finally, Wells Fargo & Co upped their price target on shares of T. Rowe Price Group from $92.00 to $102.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 27th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. T. Rowe Price Group has an average rating of “Hold” and an average target price of $102.73.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of T. Rowe Price Group by 2.2% in the third quarter. Vanguard Group Inc. now owns 21,212,245 shares of the asset manager’s stock valued at $2,315,952,000 after purchasing an additional 457,683 shares during the period. Vanguard Group Inc raised its position in shares of T. Rowe Price Group by 2.2% in the third quarter. Vanguard Group Inc now owns 21,212,245 shares of the asset manager’s stock valued at $2,315,952,000 after purchasing an additional 457,683 shares during the period. BlackRock Inc. raised its position in shares of T. Rowe Price Group by 0.6% in the third quarter. BlackRock Inc. now owns 17,444,147 shares of the asset manager’s stock valued at $1,904,553,000 after purchasing an additional 97,337 shares during the period. Oregon Public Employees Retirement Fund raised its position in shares of T. Rowe Price Group by 5,160.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,804,712 shares of the asset manager’s stock valued at $63,000 after purchasing an additional 5,694,370 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of T. Rowe Price Group by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 3,439,749 shares of the asset manager’s stock valued at $317,047,000 after purchasing an additional 76,186 shares during the period. 72.42% of the stock is currently owned by institutional investors.

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T. Rowe Price Group Company 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.

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Insider Buying and Selling by Quarter for T. Rowe Price Group (NASDAQ:TROW)

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