Dean Investment Associates LLC held its position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,500 shares of the asset manager’s stock at the end of the 2nd quarter. Dean Investment Associates LLC’s holdings in T. Rowe Price Group were worth $2,010,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Norinchukin Bank The raised its stake in T. Rowe Price Group by 11.4% during the second quarter. Norinchukin Bank The now owns 9,527 shares of the asset manager’s stock worth $707,000 after acquiring an additional 972 shares during the period. Raymond James Trust N.A. raised its stake in T. Rowe Price Group by 72.3% during the second quarter. Raymond James Trust N.A. now owns 9,410 shares of the asset manager’s stock worth $698,000 after acquiring an additional 3,949 shares during the period. Stephens Inc. AR raised its stake in T. Rowe Price Group by 9.9% during the second quarter. Stephens Inc. AR now owns 76,725 shares of the asset manager’s stock worth $5,694,000 after acquiring an additional 6,923 shares during the period. Riverhead Capital Management LLC raised its stake in T. Rowe Price Group by 5.8% during the second quarter. Riverhead Capital Management LLC now owns 4,907 shares of the asset manager’s stock worth $364,000 after acquiring an additional 271 shares during the period. Finally, Coastline Trust Co raised its stake in T. Rowe Price Group by 2.3% during the second quarter. Coastline Trust Co now owns 14,285 shares of the asset manager’s stock worth $1,060,000 after acquiring an additional 315 shares during the period. Hedge funds and other institutional investors own 74.20% of the company’s stock.

TROW has been the topic of several research reports. Morgan Stanley reiterated an “underweight” rating and set a $70.00 price objective (up previously from $64.00) on shares of T. Rowe Price Group in a research note on Monday, July 10th. Jefferies Group LLC set a $83.00 price objective on shares of T. Rowe Price Group and gave the stock a “buy” rating in a research note on Tuesday, June 20th. Credit Suisse Group increased their price objective on shares of T. Rowe Price Group from $70.00 to $90.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 26th. Citigroup Inc. increased their price objective on shares of T. Rowe Price Group from $73.50 to $90.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 26th. Finally, Zacks Investment Research upgraded shares of T. Rowe Price Group from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a research note on Wednesday, June 28th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $81.30.

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In other T. Rowe Price Group news, insider David Oestreicher sold 10,394 shares of the business’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $83.07, for a total value of $863,429.58. Following the completion of the transaction, the insider now directly owns 82,299 shares of the company’s stock, valued at $6,836,577.93. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jessica M. Hiebler sold 1,000 shares of the business’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $84.29, for a total transaction of $84,290.00. Following the completion of the transaction, the insider now directly owns 8,461 shares of the company’s stock, valued at $713,177.69. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,720 shares of company stock worth $1,630,701. Company insiders own 3.60% of the company’s stock.

T. Rowe Price Group, Inc. (NASDAQ TROW) traded down 0.43% on Thursday, hitting $83.91. 144,610 shares of the company were exchanged. The firm has a market cap of $20.17 billion, a price-to-earnings ratio of 14.41 and a beta of 1.24. The stock has a 50 day moving average price of $83.25 and a 200 day moving average price of $74.96. T. Rowe Price Group, Inc. has a one year low of $62.97 and a one year high of $85.42.

T. Rowe Price Group (NASDAQ:TROW) last released its quarterly earnings results on Tuesday, July 25th. The asset manager reported $1.28 EPS for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.01. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. T. Rowe Price Group had a net margin of 32.64% and a return on equity of 24.38%. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.76 earnings per share. On average, equities research analysts forecast that T. Rowe Price Group, Inc. will post $5.66 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, September 14th will be given a $0.57 dividend. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $2.28 dividend on an annualized basis and a yield of 2.71%. T. Rowe Price Group’s dividend payout ratio (DPR) is presently 39.18%.

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.

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

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