Insider Selling: T. Rowe Price Group Inc (NASDAQ:TROW) Director Sells 3,500 Shares of Stock

T. Rowe Price Group Inc (NASDAQ:TROW) Director Mary K. Bush sold 3,500 shares of T. Rowe Price Group stock in a transaction on Monday, June 10th. The shares were sold at an average price of $107.06, for a total value of $374,710.00. Following the sale, the director now directly owns 19,243 shares of the company’s stock, valued at approximately $2,060,155.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

NASDAQ TROW traded down $0.73 during mid-day trading on Wednesday, reaching $105.94. The stock had a trading volume of 88,524 shares, compared to its average volume of 1,281,453. T. Rowe Price Group Inc has a 1 year low of $84.59 and a 1 year high of $127.05. The firm has a market cap of $25.30 billion, a P/E ratio of 14.82, a PEG ratio of 1.56 and a beta of 1.05. The company has a quick ratio of 3.74, a current ratio of 3.74 and a debt-to-equity ratio of 0.03.

T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly earnings data on Wednesday, April 24th. The asset manager reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.26. T. Rowe Price Group had a net margin of 35.05% and a return on equity of 28.93%. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the business earned $1.74 EPS. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. As a group, equities analysts expect that T. Rowe Price Group Inc will post 7.5 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.76 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $3.04 dividend on an annualized basis and a yield of 2.87%. T. Rowe Price Group’s payout ratio is currently 42.52%.

A number of research firms have weighed in on TROW. Gabelli restated a “buy” rating on shares of T. Rowe Price Group in a research report on Thursday, April 25th. Bank of America reiterated a “buy” rating and issued a $107.00 price objective (up previously from $102.00) on shares of T. Rowe Price Group in a report on Friday, March 8th. Zacks Investment Research raised T. Rowe Price Group from a “hold” rating to a “buy” rating and set a $116.00 target price on the stock in a research note on Wednesday, April 3rd. Jefferies Financial Group lifted their price objective on T. Rowe Price Group from $103.00 to $119.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Finally, Deutsche Bank lifted their price objective on T. Rowe Price Group from $91.00 to $94.00 and gave the company a “hold” rating in a research report on Friday, March 15th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. T. Rowe Price Group presently has a consensus rating of “Hold” and a consensus target price of $106.75.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Northwest Investment Counselors LLC increased its stake in shares of T. Rowe Price Group by 0.7% in the 1st quarter. Northwest Investment Counselors LLC now owns 13,426 shares of the asset manager’s stock worth $1,344,000 after purchasing an additional 96 shares in the last quarter. Curbstone Financial Management Corp increased its stake in shares of T. Rowe Price Group by 1.3% in the 1st quarter. Curbstone Financial Management Corp now owns 7,590 shares of the asset manager’s stock worth $760,000 after purchasing an additional 100 shares in the last quarter. Unison Advisors LLC increased its stake in shares of T. Rowe Price Group by 0.8% in the 1st quarter. Unison Advisors LLC now owns 13,484 shares of the asset manager’s stock worth $1,350,000 after purchasing an additional 101 shares in the last quarter. Mid Atlantic Financial Management Inc. ADV increased its stake in shares of T. Rowe Price Group by 1.4% in the 1st quarter. Mid Atlantic Financial Management Inc. ADV now owns 7,352 shares of the asset manager’s stock worth $736,000 after purchasing an additional 103 shares in the last quarter. Finally, ETF Managers Group LLC increased its stake in shares of T. Rowe Price Group by 8.6% in the 1st quarter. ETF Managers Group LLC now owns 1,344 shares of the asset manager’s stock worth $135,000 after purchasing an additional 107 shares in the last quarter. Institutional investors and hedge funds own 69.35% of the company’s stock.

WARNING: “Insider Selling: T. Rowe Price Group Inc (NASDAQ:TROW) Director Sells 3,500 Shares of Stock” was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this story on another domain, it was stolen and reposted in violation of US and international trademark & copyright legislation. The legal version of this story can be accessed at https://www.dispatchtribunal.com/2019/06/12/insider-selling-t-rowe-price-group-inc-nasdaqtrow-director-sells-3500-shares-of-stock.html.

T. Rowe Price Group Company Profile

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.

Featured Article: Roth IRA

Insider Buying and Selling by Quarter for T. Rowe Price Group (NASDAQ:TROW)

Receive News & Ratings for T. Rowe Price Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for T. Rowe Price Group and related companies with MarketBeat.com's FREE daily email newsletter.