TIAA CREF Investment Management LLC lessened its position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 43.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 812,792 shares of the asset manager’s stock after selling 624,849 shares during the quarter. TIAA CREF Investment Management LLC owned approximately 0.34% of T. Rowe Price Group worth $60,317,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in TROW. Bronfman E.L. Rothschild L.P. grew its holdings in shares of T. Rowe Price Group by 6.9% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,593 shares of the asset manager’s stock worth $118,000 after purchasing an additional 103 shares in the last quarter. Mosaic Family Wealth LLC grew its holdings in shares of T. Rowe Price Group by 4.5% during the 1st quarter. Mosaic Family Wealth LLC now owns 1,967 shares of the asset manager’s stock worth $134,000 after purchasing an additional 85 shares in the last quarter. FNY Partners Fund LP acquired a new stake in shares of T. Rowe Price Group during the 1st quarter worth approximately $147,000. Benjamin F. Edwards & Company Inc. grew its holdings in shares of T. Rowe Price Group by 103.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,119 shares of the asset manager’s stock worth $157,000 after purchasing an additional 1,075 shares in the last quarter. Finally, National Planning Corp acquired a new stake in shares of T. Rowe Price Group during the 2nd quarter worth approximately $209,000. 73.62% of the stock is currently owned by institutional investors.

T. Rowe Price Group, Inc. (TROW) opened at 85.35 on Tuesday. The firm has a 50-day moving average price of $83.39 and a 200-day moving average price of $75.33. The firm has a market cap of $20.51 billion, a price-to-earnings ratio of 14.65 and a beta of 1.24. T. Rowe Price Group, Inc. has a 1-year low of $62.97 and a 1-year high of $85.46.

T. Rowe Price Group (NASDAQ:TROW) last issued its earnings results on Tuesday, July 25th. The asset manager reported $1.28 earnings per share 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 the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the business posted $0.76 EPS. On average, analysts expect that T. Rowe Price Group, Inc. will post $5.65 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, September 14th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date is Wednesday, September 13th. T. Rowe Price Group’s dividend payout ratio is presently 39.18%.

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Several analysts have recently weighed in on the company. UBS AG reissued a “sell” rating and set a $61.00 price objective (down previously from $77.00) on shares of T. Rowe Price Group in a report on Wednesday, May 24th. Zacks Investment Research lowered T. Rowe Price Group from a “buy” rating to a “hold” rating in a research note on Wednesday, September 13th. BidaskClub lowered T. Rowe Price Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 1st. Wells Fargo & Company reaffirmed a “market perform” rating on shares of T. Rowe Price Group in a research note on Thursday, July 27th. Finally, ValuEngine raised T. Rowe Price Group from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. T. Rowe Price Group currently has an average rating of “Hold” and an average target price of $81.30.

In other T. Rowe Price Group news, insider David Oestreicher sold 10,394 shares of the firm’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $83.07, for a total value of $863,429.58. Following the sale, the insider now owns 82,299 shares of the company’s stock, valued at approximately $6,836,577.93. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Anne M. Whittemore sold 8,326 shares of the firm’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $82.03, for a total value of $682,981.78. Following the completion of the sale, the director now directly owns 28,982 shares in the company, valued at approximately $2,377,393.46. The disclosure for this sale can be found here. In the last ninety 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 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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