Wagner Bowman Management Corp maintained its stake in T. Rowe Price Group Inc. (NASDAQ:TROW) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 4,370 shares of the company’s stock at the end of the second quarter. Wagner Bowman Management Corp’s holdings in T. Rowe Price Group were worth $318,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Raub Brock Capital Management LP increased its stake in shares of T. Rowe Price Group by 4.3% in the first quarter. Raub Brock Capital Management LP now owns 167,962 shares of the company’s stock worth $12,338,000 after buying an additional 6,916 shares during the period. First Manhattan Co. purchased a new stake in shares of T. Rowe Price Group during the first quarter worth about $2,541,000. Watch Point Trust Co increased its stake in shares of T. Rowe Price Group by 25.9% in the first quarter. Watch Point Trust Co now owns 20,310 shares of the company’s stock worth $1,492,000 after buying an additional 4,180 shares during the period. UMB Bank N A MO increased its position in T. Rowe Price Group by 5.5% in the first quarter. UMB Bank N A MO now owns 22,482 shares of the company’s stock valued at $1,652,000 after buying an additional 1,168 shares during the last quarter. Finally, Moreno Evelyn V increased its position in T. Rowe Price Group by 2.5% in the first quarter. Moreno Evelyn V now owns 77,640 shares of the company’s stock valued at $5,704,000 after buying an additional 1,865 shares during the last quarter. 70.22% of the stock is currently owned by institutional investors and hedge funds.

Shares of T. Rowe Price Group Inc. (NASDAQ:TROW) traded up 0.30% on Wednesday, reaching $66.83. 1,528,589 shares of the company’s stock traded hands. The stock has a market capitalization of $16.61 billion, a price-to-earnings ratio of 16.10 and a beta of 1.18. The stock’s 50-day moving average price is $68.61 and its 200-day moving average price is $72.45. T. Rowe Price Group Inc. has a 52 week low of $63.57 and a 52 week high of $79.00.

T. Rowe Price Group (NASDAQ:TROW) last issued its earnings results on Tuesday, July 26th. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.72 by $0.04. The company had revenue of $1,000 million for the quarter, compared to analyst estimates of $1.03 billion. T. Rowe Price Group had a net margin of 25.77% and a return on equity of 22.25%. The business’s revenue was down 2.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.24 EPS. Equities analysts predict that T. Rowe Price Group Inc. will post $4.23 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Thursday, September 15th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $2.16 annualized dividend and a dividend yield of 3.23%. T. Rowe Price Group’s payout ratio is currently 52.17%.

TROW has been the topic of several recent analyst reports. Deutsche Bank AG reaffirmed a “buy” rating on shares of T. Rowe Price Group in a report on Sunday, July 10th. Barclays PLC decreased their price objective on shares of T. Rowe Price Group from $76.00 to $72.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 24th. Morgan Stanley decreased their price objective on shares of T. Rowe Price Group from $74.00 to $71.00 and set an “equal weight” rating on the stock in a report on Thursday, July 28th. Bank of America Corp. reaffirmed a “hold” rating on shares of T. Rowe Price Group in a report on Thursday, May 26th. Finally, TheStreet downgraded shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 26th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $75.27.

T. Rowe Price Group Company Profile

T. Rowe Price Group, Inc is a financial services holding company. The Company provides global investment management services to individual and institutional investors in the sponsored T. Rowe Price mutual funds distributed in the United States and other investment portfolios. It operates through investment advisory business segment.

5 Day Chart for NASDAQ:TROW

Want to see what other hedge funds are holding TROW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for T. Rowe Price Group Inc. (NASDAQ:TROW).

Receive News & Ratings for T. Rowe Price Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for T. Rowe Price Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.