Kennedy Capital Management Inc. boosted its holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 0.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 54,557 shares of the asset manager’s stock after buying an additional 458 shares during the period. Kennedy Capital Management Inc.’s holdings in T. Rowe Price Group were worth $4,049,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TROW. Bronfman E.L. Rothschild L.P. raised its holdings in T. Rowe Price Group by 6.9% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,593 shares of the asset manager’s stock valued at $118,000 after buying an additional 103 shares during the period. Mosaic Family Wealth LLC raised its holdings 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 valued at $134,000 after buying an additional 85 shares during the period. FNY Partners Fund LP purchased a new position in T. Rowe Price Group in the first quarter valued at approximately $147,000. Benjamin F. Edwards & Company Inc. raised its holdings in T. Rowe Price Group by 103.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,119 shares of the asset manager’s stock valued at $157,000 after buying an additional 1,075 shares during the period. Finally, National Planning Corp purchased a new position in T. Rowe Price Group in the second quarter valued at approximately $209,000. Hedge funds and other institutional investors own 74.20% of the company’s stock.

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In other T. Rowe Price Group news, insider David Oestreicher sold 10,394 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $83.07, for a total transaction of $863,429.58. Following the completion of the sale, the insider now owns 82,299 shares of the company’s stock, valued at $6,836,577.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jessica M. Hiebler sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $84.29, for a total value of $84,290.00. Following the sale, the insider now directly owns 8,461 shares of the company’s stock, valued at approximately $713,177.69. The disclosure for this sale can be found here. Insiders have sold 19,720 shares of company stock valued at $1,630,701 in the last ninety days. Company insiders own 3.60% of the company’s stock.

Shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) opened at 84.72 on Friday. The stock’s 50 day moving average is $83.30 and its 200-day moving average is $75.19. T. Rowe Price Group, Inc. has a 1-year low of $62.97 and a 1-year high of $85.42. The stock has a market cap of $20.36 billion, a price-to-earnings ratio of 14.55 and a beta of 1.24.

T. Rowe Price Group (NASDAQ:TROW) last announced its earnings results on Tuesday, July 25th. The asset manager reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.01. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. T. Rowe Price Group had a return on equity of 24.38% and a net margin of 32.64%. The company’s revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.76 earnings per share. On average, analysts anticipate that T. Rowe Price Group, Inc. will post $5.65 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, September 14th will be given a dividend of $0.57 per share. The ex-dividend date is Wednesday, September 13th. This represents a $2.28 dividend on an annualized basis and a yield of 2.69%. T. Rowe Price Group’s payout ratio is currently 39.18%.

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

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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