T. Rowe Price Group Inc (TROW) is Check Capital Management Inc. CA’s 10th Largest Position

Check Capital Management Inc. CA trimmed its stake in T. Rowe Price Group Inc (NASDAQ:TROW) by 0.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 461,727 shares of the asset manager’s stock after selling 1,249 shares during the quarter. T. Rowe Price Group makes up about 2.4% of Check Capital Management Inc. CA’s portfolio, making the stock its 10th biggest holding. Check Capital Management Inc. CA’s holdings in T. Rowe Price Group were worth $46,228,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of TROW. Pacer Advisors Inc. bought a new stake in shares of T. Rowe Price Group during the 1st quarter valued at about $2,009,000. Duality Advisers LP bought a new stake in shares of T. Rowe Price Group during the 4th quarter valued at about $2,724,000. Goelzer Investment Management Inc. boosted its position in shares of T. Rowe Price Group by 1.4% during the 4th quarter. Goelzer Investment Management Inc. now owns 51,876 shares of the asset manager’s stock valued at $4,789,000 after purchasing an additional 724 shares in the last quarter. Huntington National Bank boosted its position in shares of T. Rowe Price Group by 44.6% during the 4th quarter. Huntington National Bank now owns 28,400 shares of the asset manager’s stock valued at $2,622,000 after purchasing an additional 8,762 shares in the last quarter. Finally, APG Asset Management N.V. boosted its position in shares of T. Rowe Price Group by 112.3% during the 4th quarter. APG Asset Management N.V. now owns 1,064,185 shares of the asset manager’s stock valued at $85,943,000 after purchasing an additional 562,900 shares in the last quarter. Institutional investors own 71.32% of the company’s stock.

In other T. Rowe Price Group news, insider Edward C. Bernard sold 10,000 shares of the stock in a transaction on Friday, February 15th. The stock was sold at an average price of $97.15, for a total transaction of $971,500.00. Following the completion of the transaction, the insider now directly owns 651,532 shares of the company’s stock, valued at $63,296,333.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Edward C. Bernard sold 20,000 shares of the stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $107.92, for a total value of $2,158,400.00. Following the transaction, the insider now directly owns 649,135 shares of the company’s stock, valued at $70,054,649.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 182,200 shares of company stock valued at $18,387,677. 3.10% of the stock is owned by corporate insiders.

A number of research analysts recently weighed in on TROW shares. Barclays upped their price target on T. Rowe Price Group from $90.00 to $95.00 and gave the stock an “underweight” rating in a research note on Thursday, April 25th. Morgan Stanley set a $101.00 price target on T. Rowe Price Group and gave the stock a “hold” rating in a research note on Friday, February 8th. BidaskClub raised T. Rowe Price Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 16th. Evercore ISI raised T. Rowe Price Group from an “in-line” rating to an “outperform” rating and set a $99.00 price target on the stock in a research note on Thursday, January 31st. Finally, Wells Fargo & Co upped their price target on T. Rowe Price Group from $92.00 to $102.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 27th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $106.75.

Shares of TROW traded down $0.78 on Wednesday, reaching $102.42. 55,193 shares of the company’s stock traded hands, compared to its average volume of 1,058,367. The company has a market capitalization of $23.91 billion, a price-to-earnings ratio of 14.32, a PEG ratio of 1.50 and a beta of 1.06. T. Rowe Price Group Inc has a 52-week low of $84.59 and a 52-week high of $127.43.

T. Rowe Price Group (NASDAQ:TROW) last issued its quarterly earnings results on Wednesday, April 24th. The asset manager reported $1.87 EPS for the quarter, beating the Zacks’ consensus estimate of $1.61 by $0.26. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. T. Rowe Price Group had a return on equity of 28.93% and a net margin of 35.05%. T. Rowe Price Group’s revenue was down 2.1% on a year-over-year basis. During the same period last year, the business posted $1.74 earnings per share. Sell-side analysts anticipate that T. Rowe Price Group Inc will post 7.49 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 2.97%. The ex-dividend date is Thursday, June 13th. T. Rowe Price Group’s dividend payout ratio (DPR) is 42.52%.

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About T. Rowe Price Group

T. Rowe Price Group, Inc is a publicly owned investment manager. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. It launches and manages equity and fixed income mutual funds. The firm invests in the public equity and fixed income markets across the globe.

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

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