AE Wealth Management LLC increased its position in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 24.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,661 shares of the asset manager’s stock after buying an additional 2,492 shares during the period. AE Wealth Management LLC’s holdings in T. Rowe Price Group were worth $863,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Quadrant Capital Group LLC increased its stake in T. Rowe Price Group by 1.4% in the first quarter. Quadrant Capital Group LLC now owns 1,660 shares of the asset manager’s stock worth $107,000 after buying an additional 23 shares during the period. SRS Capital Advisors Inc. bought a new stake in T. Rowe Price Group during the fourth quarter worth approximately $123,000. Mosaic Family Wealth LLC increased its stake in T. Rowe Price Group by 4.5% in the first quarter. Mosaic Family Wealth LLC now owns 1,967 shares of the asset manager’s stock worth $134,000 after buying an additional 85 shares during the period. Duncker Streett & Co. Inc. increased its stake in T. Rowe Price Group by 57.9% in the first quarter. Duncker Streett & Co. Inc. now owns 2,472 shares of the asset manager’s stock worth $168,000 after buying an additional 906 shares during the period. Finally, Mycio Wealth Partners LLC bought a new stake in T. Rowe Price Group during the first quarter worth approximately $207,000. 70.65% of the stock is owned by institutional investors and hedge funds.

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

Shares of T. Rowe Price Group, Inc. (TROW) traded down 0.43% during mid-day trading on Tuesday, reaching $73.71. 78,045 shares of the company’s stock traded hands. T. Rowe Price Group, Inc. has a 12-month low of $62.97 and a 12-month high of $78.95. The company has a market cap of $17.78 billion, a P/E ratio of 14.44 and a beta of 1.27. The company’s 50 day moving average is $71.52 and its 200 day moving average is $71.81.

T. Rowe Price Group (NASDAQ:TROW) last announced its earnings results on Tuesday, April 25th. The asset manager reported $1.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.20 by $0.02. T. Rowe Price Group had a net margin of 29.59% and a return on equity of 24.24%. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the business earned $1.15 EPS. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. On average, analysts predict that T. Rowe Price Group, Inc. will post $5.17 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 29th. Stockholders of record on Thursday, June 15th will be given a $0.57 dividend. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $2.28 annualized dividend and a dividend yield of 3.08%. T. Rowe Price Group’s dividend payout ratio (DPR) is 44.88%.

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A number of equities research analysts have recently issued reports on the stock. BidaskClub raised shares of T. Rowe Price Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 14th. ValuEngine downgraded shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Morgan Stanley downgraded shares of T. Rowe Price Group to a “sell” rating in a research report on Saturday, March 18th. TheStreet downgraded shares of T. Rowe Price Group from a “b” rating to a “c+” rating in a research report on Tuesday, March 28th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $83.00 price objective (down previously from $84.00) on shares of T. Rowe Price Group in a research report on Monday, April 17th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $73.18.

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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