Osmosis Investment Management UK Ltd Invests $531,000 in T. Rowe Price Group, Inc. $TROW

Osmosis Investment Management UK Ltd purchased a new position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 4,668 shares of the asset manager’s stock, valued at approximately $531,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TROW. Sanctuary Advisors LLC bought a new position in T. Rowe Price Group in the 2nd quarter valued at $1,668,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of T. Rowe Price Group during the second quarter worth $4,823,000. Meiji Yasuda Asset Management Co Ltd. bought a new stake in shares of T. Rowe Price Group during the second quarter worth $12,356,000. Twin Tree Management LP acquired a new stake in shares of T. Rowe Price Group in the second quarter valued at $2,989,000. Finally, Clear Harbor Asset Management LLC acquired a new stake in shares of T. Rowe Price Group in the second quarter valued at $370,000. 73.39% of the stock is owned by institutional investors and hedge funds.

T. Rowe Price Group Stock Up 0.5%

Shares of TROW opened at $112.87 on Wednesday. The stock’s fifty day simple moving average is $114.10 and its 200-day simple moving average is $103.02. The firm has a market capitalization of $24.08 billion, a PE ratio of 11.32, a price-to-earnings-growth ratio of 3.72 and a beta of 1.47. T. Rowe Price Group, Inc. has a 12-month low of $85.22 and a 12-month high of $122.00.

T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly earnings data on Friday, July 31st. The asset manager reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.05. The firm had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.89 billion. T. Rowe Price Group had a return on equity of 20.91% and a net margin of 29.26%.The company’s revenue was up 10.7% on a year-over-year basis. During the same period last year, the company earned $2.24 earnings per share. Analysts anticipate that T. Rowe Price Group, Inc. will post 10.15 EPS for the current year.

T. Rowe Price Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Tuesday, September 15th. T. Rowe Price Group’s dividend payout ratio (DPR) is 52.16%.

Wall Street Analyst Weigh In

TROW has been the subject of a number of research analyst reports. Weiss Ratings raised T. Rowe Price Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 2nd. The Goldman Sachs Group raised their price objective on shares of T. Rowe Price Group from $90.00 to $92.00 and gave the company a “sell” rating in a research report on Tuesday, June 30th. Evercore set a $118.00 target price on shares of T. Rowe Price Group in a research note on Monday, August 10th. TD Cowen upped their target price on shares of T. Rowe Price Group from $107.00 to $108.00 and gave the stock a “hold” rating in a research report on Monday, August 3rd. Finally, Barclays decreased their price target on shares of T. Rowe Price Group from $108.00 to $103.00 and set an “underweight” rating on the stock in a research note on Monday, August 3rd. Ten equities research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $105.67.

About T. Rowe Price Group

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.