FDx Advisors Inc. raised its stake in T. Rowe Price Group Inc (NASDAQ:TROW) by 46.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,020 shares of the asset manager’s stock after purchasing an additional 957 shares during the period. FDx Advisors Inc.’s holdings in T. Rowe Price Group were worth $330,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Townsend & Associates Inc bought a new stake in shares of T. Rowe Price Group in the third quarter valued at about $135,000. Focused Wealth Management Inc bought a new stake in shares of T. Rowe Price Group in the second quarter valued at about $139,000. Daiwa SB Investments Ltd. bought a new stake in shares of T. Rowe Price Group in the third quarter valued at about $202,000. Calton & Associates Inc. bought a new stake in shares of T. Rowe Price Group in the third quarter valued at about $202,000. Finally, United Capital Management of KS Inc. bought a new stake in shares of T. Rowe Price Group in the third quarter valued at about $204,000. Hedge funds and other institutional investors own 71.57% of the company’s stock.

TROW opened at $94.86 on Friday. T. Rowe Price Group Inc has a twelve month low of $91.48 and a twelve month high of $127.43. The stock has a market cap of $22.93 billion, a P/E ratio of 17.47, a PEG ratio of 1.09 and a beta of 1.21.

T. Rowe Price Group (NASDAQ:TROW) last posted its quarterly earnings data on Thursday, October 25th. The asset manager reported $2.30 earnings per share for the quarter, topping the Thomson Reuters’ 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 quarter in the prior year, the business posted $1.56 earnings per share. On average, analysts expect that T. Rowe Price Group Inc will post 7.37 EPS for the current fiscal 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 given a dividend of $0.70 per share. The ex-dividend date is Thursday, December 13th. This represents a $2.80 annualized dividend and a yield of 2.95%. T. Rowe Price Group’s dividend payout ratio is 51.57%.

TROW has been the subject of a number of recent research reports. Deutsche Bank cut shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a research report on Friday, September 7th. UBS Group reduced their target price on shares of T. Rowe Price Group from $127.00 to $121.00 and set a “neutral” rating for the company in a research report on Monday, October 8th. Morgan Stanley boosted their target price on shares of T. Rowe Price Group from $116.00 to $118.00 and gave the company a “hold” rating in a research report on Tuesday, October 9th. Citigroup reduced their target price on shares of T. Rowe Price Group from $113.00 to $105.00 and set a “hold” rating for the company in a research report on Monday, October 29th. Finally, Credit Suisse Group reduced their target price on shares of T. Rowe Price Group from $161.00 to $123.00 and set an “outperform” rating for the company in a research report on Friday, October 26th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $108.00.

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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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