T. Rowe Price Group Inc (TROW) Shares Sold by Rockland Trust Co.

Rockland Trust Co. decreased its stake in shares of T. Rowe Price Group Inc (NASDAQ:TROW) by 5.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 104,547 shares of the asset manager’s stock after selling 5,998 shares during the period. T. Rowe Price Group accounts for 1.4% of Rockland Trust Co.’s investment portfolio, making the stock its 25th largest position. Rockland Trust Co.’s holdings in T. Rowe Price Group were worth $10,970,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Signature Estate & Investment Advisors LLC bought a new position in shares of T. Rowe Price Group during the 3rd quarter valued at about $118,000. Grove Bank & Trust increased its position in shares of T. Rowe Price Group by 178.7% during the 3rd quarter. Grove Bank & Trust now owns 1,310 shares of the asset manager’s stock valued at $119,000 after purchasing an additional 840 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of T. Rowe Price Group by 5.4% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,749 shares of the asset manager’s stock valued at $121,000 after purchasing an additional 89 shares during the last quarter. Sun Life Financial INC increased its position in shares of T. Rowe Price Group by 19,500.0% during the 2nd quarter. Sun Life Financial INC now owns 1,764 shares of the asset manager’s stock valued at $131,000 after purchasing an additional 1,755 shares during the last quarter. Finally, Mckinley Capital Management LLC Delaware bought a new position in shares of T. Rowe Price Group during the 2nd quarter valued at about $152,000. 72.33% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently commented on TROW shares. Zacks Investment Research upgraded T. Rowe Price Group from a “hold” rating to a “buy” rating and set a $98.00 price objective on the stock in a research report on Tuesday, September 26th. Goldman Sachs Group upgraded T. Rowe Price Group from a “neutral” rating to a “buy” rating and increased their price objective for the company from $85.00 to $100.00 in a research report on Thursday, September 28th. Morgan Stanley upgraded T. Rowe Price Group from an “underweight” rating to an “equal” rating and increased their price objective for the company from $77.00 to $93.00 in a research report on Thursday, October 5th. Jefferies Group reiterated a “buy” rating and set a $104.00 price objective (up from $96.00) on shares of T. Rowe Price Group in a research report on Tuesday, October 10th. Finally, Citigroup increased their price objective on T. Rowe Price Group from $94.00 to $95.00 and gave the company a “neutral” rating in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $98.70.

T. Rowe Price Group Inc (NASDAQ TROW) traded up $1.91 on Thursday, reaching $116.38. The company had a trading volume of 1,590,200 shares, compared to its average volume of 1,394,300. T. Rowe Price Group Inc has a fifty-two week low of $65.33 and a fifty-two week high of $117.64. The company has a market cap of $28,060.00, a price-to-earnings ratio of 19.05, a price-to-earnings-growth ratio of 1.58 and a beta of 1.32.

T. Rowe Price Group (NASDAQ:TROW) last posted its quarterly earnings results on Thursday, October 26th. The asset manager reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.20. T. Rowe Price Group had a return on equity of 24.76% and a net margin of 33.10%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period last year, the company earned $1.17 EPS. T. Rowe Price Group’s revenue for the quarter was up 11.8% compared to the same quarter last year. equities analysts anticipate that T. Rowe Price Group Inc will post 5.32 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Thursday, December 14th were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend was Wednesday, December 13th. T. Rowe Price Group’s dividend payout ratio (DPR) is currently 37.32%.

In other T. Rowe Price Group news, CEO William J. Stromberg sold 30,000 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $97.09, for a total value of $2,912,700.00. Following the completion of the sale, the chief executive officer now owns 534,077 shares in the company, valued at approximately $51,853,535.93. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Christopher D. Alderson sold 91,605 shares of the stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $103.28, for a total value of $9,460,964.40. Following the completion of the sale, the vice president now owns 169,816 shares of the company’s stock, valued at approximately $17,538,596.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 204,980 shares of company stock valued at $20,776,729. Company insiders own 3.60% of the company’s stock.

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T. Rowe Price Group Profile

T. Rowe Price Group, Inc is a financial services holding company. The Company provides global investment management services through its subsidiaries to investors across the world. The Company provides an array of Company sponsored the United States mutual funds, other sponsored pooled investment vehicles, sub advisory services, separate account management, recordkeeping, and related services to individuals, advisors, institutions, financial intermediaries and retirement plan sponsors.

Institutional Ownership by Quarter for T. Rowe Price Group (NASDAQ:TROW)

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