Russell Investments Group Ltd. Purchases 55,447 Shares of T. Rowe Price Group Inc (NASDAQ:TROW)

Russell Investments Group Ltd. boosted its position in T. Rowe Price Group Inc (NASDAQ:TROW) by 32.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 228,023 shares of the asset manager’s stock after acquiring an additional 55,447 shares during the quarter. Russell Investments Group Ltd. owned 0.10% of T. Rowe Price Group worth $25,960,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. OLD Point Trust & Financial Services N A lifted its holdings in shares of T. Rowe Price Group by 5.7% in the second quarter. OLD Point Trust & Financial Services N A now owns 16,307 shares of the asset manager’s stock worth $1,789,000 after buying an additional 883 shares in the last quarter. Rockland Trust Co. lifted its position in shares of T. Rowe Price Group by 3.2% during the second quarter. Rockland Trust Co. now owns 103,843 shares of the asset manager’s stock valued at $11,393,000 after buying an additional 3,237 shares during the last quarter. WINTON GROUP Ltd lifted its position in shares of T. Rowe Price Group by 68.5% during the second quarter. WINTON GROUP Ltd now owns 6,238 shares of the asset manager’s stock valued at $684,000 after buying an additional 2,535 shares during the last quarter. Carroll Financial Associates Inc. lifted its position in shares of T. Rowe Price Group by 22.6% during the second quarter. Carroll Financial Associates Inc. now owns 2,550 shares of the asset manager’s stock valued at $279,000 after buying an additional 470 shares during the last quarter. Finally, Crossmark Global Holdings Inc. lifted its position in shares of T. Rowe Price Group by 0.6% during the second quarter. Crossmark Global Holdings Inc. now owns 36,160 shares of the asset manager’s stock valued at $3,967,000 after buying an additional 232 shares during the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

In other news, VP W. Sharps Robert sold 19,064 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $118.50, for a total transaction of $2,259,084.00. Following the sale, the vice president now owns 467,715 shares of the company’s stock, valued at approximately $55,424,227.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.10% of the stock is owned by company insiders.

Several analysts have commented on the stock. Deutsche Bank decreased their price target on shares of T. Rowe Price Group from $115.00 to $112.00 and set a “hold” rating for the company in a research report on Friday, August 9th. Wells Fargo & Co set a $112.00 price target on shares of T. Rowe Price Group and gave the company a “hold” rating in a research report on Friday, October 11th. Citigroup decreased their price target on shares of T. Rowe Price Group from $116.00 to $110.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. Credit Suisse Group set a $135.00 price target on shares of T. Rowe Price Group and gave the company a “buy” rating in a research report on Friday, September 13th. Finally, BidaskClub raised shares of T. Rowe Price Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. T. Rowe Price Group has an average rating of “Hold” and a consensus target price of $110.54.

Shares of T. Rowe Price Group stock opened at $119.58 on Friday. The firm has a market capitalization of $27.84 billion, a P/E ratio of 16.72, a PEG ratio of 1.76 and a beta of 1.04. T. Rowe Price Group Inc has a 52 week low of $84.59 and a 52 week high of $121.80. The company has a 50 day moving average price of $113.17 and a 200 day moving average price of $109.56. The company has a quick ratio of 3.60, a current ratio of 3.60 and a debt-to-equity ratio of 0.02.

T. Rowe Price Group (NASDAQ:TROW) last issued its quarterly earnings data on Thursday, October 24th. The asset manager reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.15. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. T. Rowe Price Group had a net margin of 35.28% and a return on equity of 28.84%. The business’s revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the company earned $1.99 EPS. As a group, research analysts anticipate that T. Rowe Price Group Inc will post 7.86 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be paid a dividend of $0.76 per share. The ex-dividend date is Friday, December 13th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 2.54%. T. Rowe Price Group’s payout ratio is 42.52%.

T. Rowe Price Group 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.

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

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