Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its holdings in shares of T. Rowe Price Group Inc (NASDAQ:TROW) by 21.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,957 shares of the asset manager’s stock after selling 5,390 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in T. Rowe Price Group were worth $2,179,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of TROW. Janus Henderson Group PLC grew its stake in shares of T. Rowe Price Group by 34.7% during the 2nd quarter. Janus Henderson Group PLC now owns 1,797,932 shares of the asset manager’s stock worth $208,722,000 after acquiring an additional 463,382 shares in the last quarter. AGF Investments Inc. grew its stake in shares of T. Rowe Price Group by 131.4% during the 2nd quarter. AGF Investments Inc. now owns 775,010 shares of the asset manager’s stock worth $89,971,000 after acquiring an additional 440,157 shares in the last quarter. BlackRock Inc. grew its stake in shares of T. Rowe Price Group by 2.2% during the 2nd quarter. BlackRock Inc. now owns 17,346,810 shares of the asset manager’s stock worth $2,013,792,000 after acquiring an additional 368,297 shares in the last quarter. Bank of America Corp DE grew its stake in shares of T. Rowe Price Group by 10.2% during the 2nd quarter. Bank of America Corp DE now owns 2,545,305 shares of the asset manager’s stock worth $295,485,000 after acquiring an additional 236,487 shares in the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd grew its stake in shares of T. Rowe Price Group by 9.6% during the 3rd quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 2,297,776 shares of the asset manager’s stock worth $250,871,000 after acquiring an additional 201,553 shares in the last quarter. 72.47% of the stock is owned by institutional investors.

NASDAQ:TROW opened at $94.51 on Thursday. T. Rowe Price Group Inc has a 1-year low of $91.48 and a 1-year high of $127.43. The firm has a market capitalization of $22.85 billion, a P/E ratio of 17.41, a PEG ratio of 1.09 and a beta of 1.21.

T. Rowe Price Group (NASDAQ:TROW) last released its earnings results on Thursday, October 25th. The asset manager reported $2.30 earnings per share for the quarter, beating the consensus estimate of $1.93 by $0.37. T. Rowe Price Group had a net margin of 33.98% and a return on equity of 29.52%. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period last year, the business earned $1.56 earnings per share. On average, research analysts anticipate that T. Rowe Price Group Inc will post 7.35 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $2.80 annualized dividend and a dividend yield of 2.96%. T. Rowe Price Group’s dividend payout ratio is presently 51.57%.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research cut shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a research note on Monday, October 29th. ValuEngine cut shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th. Morgan Stanley set a $105.00 price target on shares of T. Rowe Price Group and gave the stock a “hold” rating in a research note on Wednesday, November 14th. Wells Fargo & Co decreased their price target on shares of T. Rowe Price Group from $115.00 to $106.00 and set a “market perform” rating for the company in a research note on Friday, October 26th. Finally, Deutsche Bank decreased their target price on shares of T. Rowe Price Group from $109.00 to $103.00 and set a “hold” rating for the company in a research note on Friday, November 16th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $109.89.

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About T. Rowe Price Group

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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