Norinchukin Bank The increased its stake in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 11.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,527 shares of the asset manager’s stock after purchasing an additional 972 shares during the quarter. Norinchukin Bank The’s holdings in T. Rowe Price Group were worth $707,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of TROW. Bronfman E.L. Rothschild L.P. lifted its stake 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 during the last quarter. Mosaic Family Wealth LLC lifted its stake 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 during the last quarter. FNY Partners Fund LP purchased a new stake in shares of T. Rowe Price Group during the 1st quarter worth $147,000. Benjamin F. Edwards & Company Inc. lifted its stake 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 during the last quarter. Finally, National Planning Corp purchased a new stake in shares of T. Rowe Price Group during the 2nd quarter worth $209,000. Hedge funds and other institutional investors own 73.62% of the company’s stock.

A number of brokerages recently weighed in on TROW. UBS AG restated a “sell” rating and set a $61.00 price objective (down from $77.00) on shares of T. Rowe Price Group in a research note on Wednesday, May 24th. BidaskClub cut T. Rowe Price Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 1st. Zacks Investment Research cut T. Rowe Price Group from a “buy” rating to a “hold” rating in a research note on Wednesday, September 13th. Wells Fargo & Company restated a “market perform” rating on shares of T. Rowe Price Group in a research note on Thursday, July 27th. Finally, ValuEngine upgraded T. Rowe Price Group from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Four analysts have rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $81.30.

In other news, 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 value of $84,290.00. Following the completion of the sale, the insider now directly owns 8,461 shares of the company’s stock, valued at approximately $713,177.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anne M. Whittemore sold 8,326 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $2,377,393.46. The disclosure for this sale can be found here. Insiders sold a total of 19,720 shares of company stock valued at $1,630,701 over the last three months. Company insiders own 3.60% of the company’s stock.

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T. Rowe Price Group, Inc. (NASDAQ:TROW) opened at 85.10 on Wednesday. The company’s 50-day moving average price is $83.46 and its 200 day moving average price is $75.43. T. Rowe Price Group, Inc. has a 12 month low of $62.97 and a 12 month high of $85.77. The firm has a market capitalization of $20.45 billion, a price-to-earnings ratio of 14.61 and a beta of 1.24.

T. Rowe Price Group (NASDAQ:TROW) last posted its earnings results on Tuesday, July 25th. The asset manager reported $1.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.01. T. Rowe Price Group had a return on equity of 24.38% and a net margin of 32.64%. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the business earned $0.76 EPS. The business’s quarterly revenue was up 12.1% on a year-over-year basis. Analysts predict that T. Rowe Price Group, Inc. will post $5.65 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, September 14th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 2.68%. The ex-dividend date is Wednesday, September 13th. T. Rowe Price Group’s payout ratio is currently 39.18%.

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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