T. Rowe Price Group, Inc. $TROW Stock Position Increased by Groupama Asset Managment

Groupama Asset Managment raised its position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 188.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,293 shares of the asset manager’s stock after purchasing an additional 6,069 shares during the period. Groupama Asset Managment’s holdings in T. Rowe Price Group were worth $954,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TROW. TD Waterhouse Canada Inc. grew its holdings in T. Rowe Price Group by 66.7% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 250 shares of the asset manager’s stock worth $25,000 after buying an additional 100 shares in the last quarter. Root Financial Partners LLC acquired a new stake in T. Rowe Price Group in the 3rd quarter valued at approximately $30,000. Vermillion & White Wealth Management Group LLC raised its stake in T. Rowe Price Group by 120.0% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 319 shares of the asset manager’s stock valued at $31,000 after acquiring an additional 174 shares in the last quarter. Salomon & Ludwin LLC boosted its position in T. Rowe Price Group by 84.3% during the 3rd quarter. Salomon & Ludwin LLC now owns 317 shares of the asset manager’s stock worth $33,000 after acquiring an additional 145 shares during the period. Finally, Quent Capital LLC acquired a new position in T. Rowe Price Group during the 3rd quarter worth $39,000. Institutional investors own 73.39% of the company’s stock.

Wall Street Analyst Weigh In

TROW has been the topic of a number of research analyst reports. Evercore lowered their price target on T. Rowe Price Group from $106.00 to $99.00 in a report on Friday, March 6th. Keefe, Bruyette & Woods reduced their price objective on shares of T. Rowe Price Group from $115.00 to $110.00 and set a “market perform” rating for the company in a report on Thursday, February 5th. BMO Capital Markets decreased their target price on shares of T. Rowe Price Group from $110.00 to $104.00 and set a “market perform” rating for the company in a research report on Thursday, February 12th. TD Cowen lowered their target price on shares of T. Rowe Price Group from $109.00 to $97.00 and set a “hold” rating on the stock in a research note on Thursday, February 5th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of T. Rowe Price Group in a research note on Monday, December 29th. Twelve investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, T. Rowe Price Group currently has an average rating of “Reduce” and an average price target of $101.69.

T. Rowe Price Group Stock Performance

T. Rowe Price Group stock opened at $86.19 on Friday. The firm has a market cap of $18.76 billion, a price-to-earnings ratio of 9.32, a price-to-earnings-growth ratio of 3.64 and a beta of 1.54. T. Rowe Price Group, Inc. has a 1 year low of $77.85 and a 1 year high of $118.22. The firm’s 50 day moving average price is $96.88 and its two-hundred day moving average price is $101.48.

T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly earnings data on Wednesday, February 4th. The asset manager reported $2.44 EPS for the quarter, missing analysts’ consensus estimates of $2.47 by ($0.03). The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.92 billion. T. Rowe Price Group had a net margin of 28.53% and a return on equity of 20.29%. T. Rowe Price Group’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the company posted $2.12 EPS. As a group, equities analysts predict that T. Rowe Price Group, Inc. will post 9.29 EPS for the current fiscal year.

T. Rowe Price Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 16th will be issued a dividend of $1.30 per share. This is a positive change from T. Rowe Price Group’s previous quarterly dividend of $1.27. This represents a $5.20 annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend is Monday, March 16th. T. Rowe Price Group’s dividend payout ratio (DPR) is currently 56.22%.

T. Rowe Price Group 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.