T. Rowe Price Group, Inc. $TROW Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 7.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 76,789 shares of the asset manager’s stock after selling 5,863 shares during the period. Yousif Capital Management LLC’s holdings in T. Rowe Price Group were worth $7,990,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of T. Rowe Price Group in the second quarter valued at approximately $2,728,119,000. State Street Corp raised its stake in T. Rowe Price Group by 2.7% during the 2nd quarter. State Street Corp now owns 14,653,478 shares of the asset manager’s stock valued at $1,665,954,000 after purchasing an additional 381,183 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in T. Rowe Price Group by 20.0% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,150,561 shares of the asset manager’s stock valued at $358,187,000 after purchasing an additional 524,544 shares during the last quarter. First Trust Advisors LP raised its stake in T. Rowe Price Group by 12.6% during the 1st quarter. First Trust Advisors LP now owns 3,694,171 shares of the asset manager’s stock valued at $332,993,000 after purchasing an additional 413,317 shares during the last quarter. Finally, Provident Trust Co. boosted its holdings in T. Rowe Price Group by 0.4% in the 2nd quarter. Provident Trust Co. now owns 2,061,353 shares of the asset manager’s stock valued at $234,355,000 after purchasing an additional 8,524 shares during the period. 73.39% of the stock is currently owned by institutional investors and hedge funds.

T. Rowe Price Group Trading Up 0.7%

TROW opened at $104.20 on Friday. The stock has a market cap of $22.23 billion, a PE ratio of 10.45, a P/E/G ratio of 3.05 and a beta of 1.45. T. Rowe Price Group, Inc. has a 1 year low of $85.22 and a 1 year high of $122.00. The stock’s 50 day simple moving average is $106.32 and its 200-day simple moving average is $107.11.

T. Rowe Price Group (NASDAQ:TROW) last issued its earnings results on Friday, July 31st. The asset manager reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.05. The business 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%. T. Rowe Price Group’s revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the company posted $2.24 earnings per share. Equities analysts forecast that T. Rowe Price Group, Inc. will post 10.08 earnings per share for the current fiscal year.

T. Rowe Price Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th were issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Tuesday, September 15th. T. Rowe Price Group’s payout ratio is 52.16%.

Insider Transactions at T. Rowe Price Group

In other T. Rowe Price Group news, VP Joshua Nelson sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $111.82, for a total value of $1,118,200.00. Following the sale, the vice president owned 71,328 shares of the company’s stock, valued at $7,975,896.96. The trade was a 12.30% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. BMO Capital Markets decreased their price target on shares of T. Rowe Price Group from $120.00 to $110.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 13th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $109.00 price objective on shares of T. Rowe Price Group in a report on Monday, August 3rd. Zacks Research lowered shares of T. Rowe Price Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 13th. UBS Group started coverage on shares of T. Rowe Price Group in a research note on Wednesday, October 7th. They issued a “neutral” rating and a $107.00 target price for the company. Finally, The Goldman Sachs Group lifted their target price on T. Rowe Price Group from $90.00 to $92.00 and gave the stock a “sell” rating in a research report on Tuesday, June 30th. One investment analyst has rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $104.23.

T. Rowe Price Group Profile

T. Rowe Price Group, Inc is a global investment management firm headquartered in Baltimore, Maryland. Founded in 1937 by Thomas Rowe Price Jr., the company provides investment strategies and advisory services to individual investors, retirement plans, financial intermediaries, institutions and other clients.

The company offers a range of actively managed and multi-asset investment products, including mutual funds, exchange-traded funds, separately managed accounts and other portfolio solutions.