Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of T. Rowe Price Group Inc (NASDAQ:TROW) by 18.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,670 shares of the asset manager’s stock after buying an additional 873 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in T. Rowe Price Group were worth $619,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Focused Wealth Management Inc bought a new stake in shares of T. Rowe Price Group during the second quarter worth approximately $139,000. Townsend & Associates Inc bought a new stake in shares of T. Rowe Price Group during the third quarter worth approximately $135,000. Signature Estate & Investment Advisors LLC bought a new stake in shares of T. Rowe Price Group during the second quarter worth approximately $151,000. Parallel Advisors LLC raised its stake in shares of T. Rowe Price Group by 169.1% during the second quarter. Parallel Advisors LLC now owns 1,448 shares of the asset manager’s stock worth $168,000 after buying an additional 910 shares during the last quarter. Finally, Transamerica Financial Advisors Inc. bought a new stake in shares of T. Rowe Price Group during the second quarter worth approximately $190,000. 72.47% of the stock is owned by institutional investors and hedge funds.

A number of research analysts recently issued reports on the stock. Zacks Investment Research cut shares of T. Rowe Price Group from a “buy” rating to a “hold” rating and set a $106.00 price objective for the company. in a report on Saturday. Deutsche Bank decreased their price objective on shares of T. Rowe Price Group from $109.00 to $103.00 and set a “hold” rating for the company in a report on Friday, November 16th. Morgan Stanley set a $105.00 price objective on shares of T. Rowe Price Group and gave the company a “hold” rating in a report on Wednesday, November 14th. Citigroup decreased their price objective on shares of T. Rowe Price Group from $113.00 to $105.00 and set a “hold” rating for the company in a report on Monday, October 29th. Finally, Credit Suisse Group decreased their price objective on shares of T. Rowe Price Group from $161.00 to $123.00 and set an “outperform” rating for the company in a report on Friday, October 26th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. T. Rowe Price Group presently has an average rating of “Hold” and an average price target of $109.89.

Shares of NASDAQ TROW opened at $92.00 on Wednesday. The company has a market cap of $23.07 billion, a P/E ratio of 16.94, a PEG ratio of 1.10 and a beta of 1.21. T. Rowe Price Group Inc has a 52-week low of $91.48 and a 52-week high of $127.43.

T. Rowe Price Group (NASDAQ:TROW) last issued its quarterly earnings data on Thursday, October 25th. The asset manager reported $2.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.93 by $0.37. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.38 billion. T. Rowe Price Group had a net margin of 33.98% and a return on equity of 29.52%. During the same quarter in the previous year, the company earned $1.56 earnings per share. Equities analysts forecast that T. Rowe Price Group Inc will post 7.37 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend is Thursday, December 13th. T. Rowe Price Group’s dividend payout ratio is currently 51.57%.

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T. Rowe Price Group Company Profile

T. Rowe Price Group, Inc is a publicly owned investment manager. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. It launches and manages equity and fixed income mutual funds. The firm invests in the public equity and fixed income markets across the globe.

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

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