T. Rowe Price Group, Inc. $TROW Shares Acquired by Moran Wealth Management LLC

Moran Wealth Management LLC increased its position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 44.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 129,238 shares of the asset manager’s stock after purchasing an additional 39,627 shares during the quarter. Moran Wealth Management LLC owned 0.06% of T. Rowe Price Group worth $13,265,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of TROW. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of T. Rowe Price Group by 14.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 65,205 shares of the asset manager’s stock valued at $5,988,000 after purchasing an additional 8,324 shares in the last quarter. UniSuper Management Pty Ltd raised its position in shares of T. Rowe Price Group by 15.1% during the 1st quarter. UniSuper Management Pty Ltd now owns 26,585 shares of the asset manager’s stock worth $2,442,000 after purchasing an additional 3,493 shares during the last quarter. Caxton Associates LLP acquired a new position in shares of T. Rowe Price Group during the 1st quarter worth approximately $1,032,000. MBB Public Markets I LLC purchased a new stake in T. Rowe Price Group in the 1st quarter valued at approximately $310,000. Finally, Woodline Partners LP grew its holdings in T. Rowe Price Group by 41.0% during the 1st quarter. Woodline Partners LP now owns 18,809 shares of the asset manager’s stock valued at $1,728,000 after buying an additional 5,467 shares during the last quarter. Institutional investors and hedge funds own 73.39% of the company’s stock.

Insider Transactions at T. Rowe Price Group

In related news, VP Arif Husain sold 4,260 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $101.96, for a total value of $434,349.60. Following the transaction, the vice president owned 47,102 shares in the company, valued at approximately $4,802,519.92. This trade represents a 8.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.00% of the company’s stock.

T. Rowe Price Group Stock Down 2.8%

Shares of NASDAQ TROW opened at $106.00 on Thursday. The stock has a market capitalization of $23.13 billion, a PE ratio of 11.55, a P/E/G ratio of 2.76 and a beta of 1.52. The firm has a fifty day moving average of $103.06 and a 200-day moving average of $103.82. T. Rowe Price Group, Inc. has a 52-week low of $77.85 and a 52-week high of $118.32.

T. Rowe Price Group (NASDAQ:TROW) last issued its earnings results on Friday, October 31st. The asset manager reported $2.81 earnings per share for the quarter, beating analysts’ consensus estimates of $2.55 by $0.26. T. Rowe Price Group had a return on equity of 19.95% and a net margin of 28.89%.The firm had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter last year, the firm earned $2.57 earnings per share. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities research analysts expect that T. Rowe Price Group, Inc. will post 9.29 EPS for the current fiscal year.

T. Rowe Price Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th were issued a dividend of $1.27 per share. The ex-dividend date was Monday, December 15th. This represents a $5.08 dividend on an annualized basis and a dividend yield of 4.8%. T. Rowe Price Group’s payout ratio is presently 55.34%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TROW. Jefferies Financial Group boosted their price target on T. Rowe Price Group from $104.00 to $106.00 and gave the stock a “hold” rating in a report on Tuesday, October 7th. Morgan Stanley lifted their price objective on T. Rowe Price Group from $126.00 to $128.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 17th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of T. Rowe Price Group from $113.00 to $106.00 and set a “hold” rating on the stock in a report on Wednesday, December 17th. The Goldman Sachs Group decreased their price target on shares of T. Rowe Price Group from $98.00 to $93.00 and set a “sell” rating on the stock in a research note on Tuesday, November 25th. Finally, Citigroup boosted their price objective on shares of T. Rowe Price Group from $105.00 to $107.00 in a research report on Monday, November 3rd. Twelve research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $108.31.

T. Rowe Price Group Company Profile

T. Rowe Price Group, Inc is a global investment management firm headquartered in Baltimore, Maryland, founded by Thomas Rowe Price Jr. in 1937. The company provides a broad range of investment products and services for individual investors, financial intermediaries, retirement plan sponsors and institutional clients. Its offerings are built around active investment management and in-house research across equity, fixed income and multi-asset strategies, reflecting a long history as a research-driven asset manager.

The firm’s product lineup includes mutual funds, separate accounts, collective investment trusts, target-date and target-risk funds, and managed account solutions, as well as services for defined contribution and defined benefit retirement plans.