Bartlett & Co. LLC lifted its holdings in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 0.6% during the 1st quarter, Holdings Channel reports. The firm owned 246,249 shares of the asset manager’s stock after purchasing an additional 1,378 shares during the period. Bartlett & Co. LLC’s holdings in T. Rowe Price Group were worth $42,256,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Montag A & Associates Inc. bought a new position in T. Rowe Price Group in the fourth quarter valued at approximately $25,000. CVA Family Office LLC acquired a new position in shares of T. Rowe Price Group during the first quarter worth $27,000. Ellevest Inc. lifted its holdings in T. Rowe Price Group by 435.0% in the fourth quarter. Ellevest Inc. now owns 214 shares of the asset manager’s stock valued at $32,000 after buying an additional 174 shares during the period. Peconic Partners LLC acquired a new position in T. Rowe Price Group in the fourth quarter valued at $35,000. Finally, Bogart Wealth LLC lifted its holdings in T. Rowe Price Group by 260.0% in the first quarter. Bogart Wealth LLC now owns 216 shares of the asset manager’s stock valued at $37,000 after buying an additional 156 shares during the period. 69.48% of the stock is currently owned by institutional investors.

NASDAQ:TROW opened at $176.74 on Wednesday. The company has a 50-day moving average price of $174.38 and a 200-day moving average price of $155.65. T. Rowe Price Group, Inc. has a 12 month low of $98.30 and a 12 month high of $183.05. The stock has a market cap of $40.29 billion, a price-to-earnings ratio of 19.79, a P/E/G ratio of 1.19 and a beta of 1.15.

T. Rowe Price Group (NASDAQ:TROW) last issued its quarterly earnings results on Thursday, January 28th. The asset manager reported $2.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.68 by $0.21. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.69 billion. T. Rowe Price Group had a net margin of 35.92% and a return on equity of 30.52%. T. Rowe Price Group’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same period last year, the business earned $2.03 EPS. On average, equities research analysts expect that T. Rowe Price Group, Inc. will post 9.23 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 30th. Investors of record on Tuesday, March 16th were paid a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 2.44%. This is a positive change from T. Rowe Price Group’s previous quarterly dividend of $0.90. The ex-dividend date was Monday, March 15th. T. Rowe Price Group’s dividend payout ratio (DPR) is presently 53.53%.

In other news, President W. Sharps Robert sold 6,000 shares of T. Rowe Price Group stock in a transaction that occurred on Monday, March 29th. The shares were sold at an average price of $176.75, for a total value of $1,060,500.00. Following the completion of the sale, the president now directly owns 472,138 shares in the company, valued at $83,450,391.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William J. Stromberg sold 9,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 11th. The stock was sold at an average price of $173.78, for a total transaction of $1,564,020.00. 1.00% of the stock is currently owned by company insiders.

Several research firms recently issued reports on TROW. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell restated a “sell” rating and issued a $157.00 target price on shares of T. Rowe Price Group in a report on Tuesday. Morgan Stanley lifted their price target on shares of T. Rowe Price Group from $169.00 to $181.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 14th. The Goldman Sachs Group upgraded shares of T. Rowe Price Group from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $134.00 to $170.00 in a report on Tuesday, January 5th. Barclays boosted their price target on shares of T. Rowe Price Group from $145.00 to $150.00 and gave the stock an “underweight” rating in a report on Monday, January 25th. Finally, Wells Fargo & Company boosted their target price on shares of T. Rowe Price Group from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Tuesday. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. T. Rowe Price Group currently has a consensus rating of “Hold” and an average target price of $158.50.

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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