Nationwide Fund Advisors cut its position in shares of T. Rowe Price Group Inc. (NASDAQ:TROW) by 2.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,979 shares of the company’s stock after selling 2,712 shares during the period. Nationwide Fund Advisors’ holdings in T. Rowe Price Group were worth $8,098,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Aperio Group LLC increased its stake in shares of T. Rowe Price Group by 23.0% in the first quarter. Aperio Group LLC now owns 125,096 shares of the company’s stock worth $9,190,000 after buying an additional 23,359 shares in the last quarter. Commonwealth Equity Services Inc increased its stake in T. Rowe Price Group by 17.6% in the first quarter. Commonwealth Equity Services Inc now owns 32,851 shares of the company’s stock worth $2,413,000 after buying an additional 4,920 shares during the period. Sanders Morris Harris Inc. acquired a new stake in T. Rowe Price Group during the first quarter worth $1,111,000. Raub Brock Capital Management LP increased its stake in 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. Finally, First Manhattan Co. acquired a new stake in T. Rowe Price Group during the first quarter worth $2,541,000. Institutional investors own 70.22% of the company’s stock.

T. Rowe Price Group Inc. (NASDAQ:TROW) traded up 0.15% during midday trading on Thursday, reaching $66.93. 508,592 shares of the company traded hands. T. Rowe Price Group Inc. has a 12 month low of $63.57 and a 12 month high of $79.00. The company’s 50-day moving average price is $68.61 and its 200 day moving average price is $72.45. The firm has a market capitalization of $16.64 billion, a PE ratio of 16.12 and a beta of 1.18.

T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.04. The company had revenue of $1,000 million for the quarter, compared to analysts’ expectations of $1.03 billion. T. Rowe Price Group had a net margin of 25.77% and a return on equity of 22.25%. T. Rowe Price Group’s revenue was down 2.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.24 EPS. On average, equities analysts anticipate that T. Rowe Price Group Inc. will post $4.23 earnings per share for the current year.

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

A number of research firms have recently weighed in on TROW. Bank of America Corp. restated a “hold” rating on shares of T. Rowe Price Group in a report on Thursday, May 26th. Deutsche Bank AG downgraded shares of T. Rowe Price Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from $79.00 to $75.00 in a report on Wednesday, July 20th. TheStreet downgraded shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 26th. Morgan Stanley reduced their target price 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. Finally, Keefe, Bruyette & Woods reduced their target price on shares of T. Rowe Price Group from $81.00 to $75.00 and set a “market perform” rating on the stock in a report on Wednesday, July 27th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $75.27.

About T. Rowe Price Group

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.

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