Fmr LLC cut its position in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 17.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 220,099 shares of the asset manager’s stock after selling 47,286 shares during the period. Fmr LLC’s holdings in T. Rowe Price Group were worth $14,999,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Daiwa Securities Group Inc. boosted its position in shares of T. Rowe Price Group by 6.3% in the first quarter. Daiwa Securities Group Inc. now owns 6,750 shares of the asset manager’s stock worth $460,000 after buying an additional 400 shares during the last quarter. Gabelli Funds LLC boosted its position in shares of T. Rowe Price Group by 16.6% in the first quarter. Gabelli Funds LLC now owns 516,000 shares of the asset manager’s stock worth $35,165,000 after buying an additional 73,400 shares during the last quarter. Rothschild Investment Corp IL boosted its position in shares of T. Rowe Price Group by 42.0% in the first quarter. Rothschild Investment Corp IL now owns 5,750 shares of the asset manager’s stock worth $392,000 after buying an additional 1,700 shares during the last quarter. British Columbia Investment Management Corp boosted its position in shares of T. Rowe Price Group by 47.4% in the first quarter. British Columbia Investment Management Corp now owns 256,180 shares of the asset manager’s stock worth $17,459,000 after buying an additional 82,409 shares during the last quarter. Finally, Confluence Investment Management LLC boosted its position in shares of T. Rowe Price Group by 9.7% in the first quarter. Confluence Investment Management LLC now owns 162,924 shares of the asset manager’s stock worth $11,103,000 after buying an additional 14,444 shares during the last quarter. 71.26% of the stock is owned by institutional investors and hedge funds.

T. Rowe Price Group, Inc. (TROW) opened at 81.08 on Friday. The stock has a market capitalization of $19.56 billion, a PE ratio of 15.88 and a beta of 1.22. The company’s 50 day moving average is $74.84 and its 200-day moving average is $71.83. T. Rowe Price Group, Inc. has a 1-year low of $62.97 and a 1-year high of $81.25.

T. Rowe Price Group (NASDAQ:TROW) last released its quarterly earnings data 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 return on equity of 24.24% and a net margin of 29.59%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the business posted $1.15 earnings per share. T. Rowe Price Group’s revenue for the quarter was up 12.0% on a year-over-year basis. Analysts forecast that T. Rowe Price Group, Inc. will post $5.43 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 29th. Investors of record on Thursday, June 15th were given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend was Tuesday, June 13th. T. Rowe Price Group’s payout ratio is currently 44.88%.

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A number of equities analysts have commented on TROW shares. Deutsche Bank AG reissued a “hold” rating and issued a $71.00 price objective (down from $74.00) on shares of T. Rowe Price Group in a research note on Monday, May 1st. Jefferies Group LLC reissued a “buy” rating and issued a $83.00 price objective (down from $84.00) on shares of T. Rowe Price Group in a research note on Monday, April 17th. TheStreet cut shares of T. Rowe Price Group from a “b” rating to a “c+” rating in a research note on Tuesday, March 28th. BidaskClub raised shares of T. Rowe Price Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 14th. Finally, ValuEngine cut shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $72.55.

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

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