North Star Asset Management Inc. decreased its holdings in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 1.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 145,469 shares of the asset manager’s stock after selling 2,655 shares during the quarter. North Star Asset Management Inc. owned about 0.06% of T. Rowe Price Group worth $10,795,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of TROW. BlackRock Inc. grew its position in shares of T. Rowe Price Group by 1,722.6% during the 1st quarter. BlackRock Inc. now owns 16,378,787 shares of the asset manager’s stock worth $1,116,214,000 after buying an additional 15,480,155 shares during the period. Capital World Investors grew its position in shares of T. Rowe Price Group by 235.0% during the 2nd quarter. Capital World Investors now owns 10,512,236 shares of the asset manager’s stock worth $780,113,000 after buying an additional 7,373,953 shares during the period. Massachusetts Financial Services Co. MA acquired a new stake in shares of T. Rowe Price Group during the 1st quarter worth approximately $118,342,000. The Manufacturers Life Insurance Company grew its position in shares of T. Rowe Price Group by 526.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,774,796 shares of the asset manager’s stock worth $131,707,000 after buying an additional 1,491,425 shares during the period. Finally, American Century Companies Inc. grew its position in shares of T. Rowe Price Group by 66.4% during the 2nd quarter. American Century Companies Inc. now owns 2,544,655 shares of the asset manager’s stock worth $188,839,000 after buying an additional 1,015,518 shares during the period. Institutional investors own 73.62% of the company’s stock.

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Several equities research analysts have recently commented on the stock. UBS AG reiterated a “sell” rating and set a $63.00 price target (up previously from $62.00) on shares of T. Rowe Price Group in a research report on Friday, July 14th. Citigroup Inc. lifted their price target on shares of T. Rowe Price Group from $73.50 to $90.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 26th. Morgan Stanley upgraded shares of T. Rowe Price Group from an “underweight” rating to an “equal” rating and lifted their price target for the stock from $77.00 to $93.00 in a research report on Thursday, October 5th. BidaskClub cut shares of T. Rowe Price Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 1st. Finally, Goldman Sachs Group, Inc. (The) upgraded shares of T. Rowe Price Group from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $85.00 to $100.00 in a research report on Thursday, September 28th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. T. Rowe Price Group has a consensus rating of “Hold” and a consensus target price of $86.18.

In other news, insider David Oestreicher sold 10,394 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The shares were 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 approximately $6,836,577.93. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jessica M. Hiebler sold 1,000 shares of the firm’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 transaction 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. In the last ninety days, insiders have sold 36,924 shares of company stock valued at $3,187,333. Insiders own 3.60% of the company’s stock.

T. Rowe Price Group, Inc. (NASDAQ:TROW) traded up 0.51% on Friday, reaching $94.94. 1,335,905 shares of the company traded hands. The stock has a market capitalization of $22.82 billion, a PE ratio of 16.30 and a beta of 1.25. The firm has a 50 day moving average of $87.15 and a 200-day moving average of $77.94. T. Rowe Price Group, Inc. has a one year low of $62.97 and a one year high of $95.65.

T. Rowe Price Group (NASDAQ:TROW) last released its earnings results on Tuesday, July 25th. The asset manager reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.01. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm posted $0.76 EPS. On average, analysts anticipate that T. Rowe Price Group, Inc. will post $5.77 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Stockholders of record on Thursday, September 14th were given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend was Wednesday, September 13th. T. Rowe Price Group’s dividend payout ratio (DPR) is 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.

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

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