Guardian Wealth Advisors LLC Has $446,000 Stock Holdings in T. Rowe Price Group, Inc. $TROW

Guardian Wealth Advisors LLC reduced its stake in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 16.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,619 shares of the asset manager’s stock after selling 909 shares during the quarter. Guardian Wealth Advisors LLC’s holdings in T. Rowe Price Group were worth $446,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of TROW. Zions Bancorporation National Association UT bought a new stake in T. Rowe Price Group during the first quarter worth about $27,000. Hexagon Capital Partners LLC raised its position in shares of T. Rowe Price Group by 44.8% in the 1st quarter. Hexagon Capital Partners LLC now owns 365 shares of the asset manager’s stock valued at $34,000 after buying an additional 113 shares in the last quarter. Curio Wealth LLC raised its position in shares of T. Rowe Price Group by 20,700.0% in the 2nd quarter. Curio Wealth LLC now owns 416 shares of the asset manager’s stock valued at $40,000 after buying an additional 414 shares in the last quarter. Smallwood Wealth Investment Management LLC bought a new stake in shares of T. Rowe Price Group during the 1st quarter worth approximately $39,000. Finally, Cromwell Holdings LLC boosted its position in shares of T. Rowe Price Group by 3,483.3% during the 2nd quarter. Cromwell Holdings LLC now owns 430 shares of the asset manager’s stock worth $41,000 after acquiring an additional 418 shares in the last quarter. Institutional investors own 73.39% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of T. Rowe Price Group in a research report on Friday. Morgan Stanley boosted their price target on T. Rowe Price Group from $116.00 to $125.00 and gave the stock a “positive” rating in a report on Monday, October 6th. Jefferies Financial Group raised their price objective on T. Rowe Price Group from $104.00 to $106.00 and gave the company a “hold” rating in a research note on Tuesday, October 7th. Zacks Research upgraded T. Rowe Price Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 10th. Finally, Keefe, Bruyette & Woods increased their target price on shares of T. Rowe Price Group from $112.00 to $115.00 and gave the stock a “hold” rating in a report on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $107.54.

Insider Transactions at T. Rowe Price Group

In other T. Rowe Price Group news, Director Robert F. Maclellan sold 3,090 shares of the company’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $105.01, for a total value of $324,480.90. Following the completion of the transaction, the director directly owned 47,335 shares in the company, valued at approximately $4,970,648.35. This represents a 6.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.00% of the company’s stock.

T. Rowe Price Group Stock Up 1.0%

Shares of TROW stock opened at $103.55 on Friday. T. Rowe Price Group, Inc. has a twelve month low of $77.85 and a twelve month high of $125.81. The stock’s fifty day simple moving average is $105.34 and its 200 day simple moving average is $99.61. The firm has a market capitalization of $22.75 billion, a P/E ratio of 11.57, a P/E/G ratio of 5.68 and a beta of 1.50.

T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly earnings results on Friday, August 1st. The asset manager reported $2.24 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.09. T. Rowe Price Group had a return on equity of 19.77% and a net margin of 28.72%.The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same period last year, the firm posted $2.26 earnings per share. The business’s revenue for the quarter was down .6% on a year-over-year basis. As a group, equities research analysts expect that T. Rowe Price Group, Inc. will post 9.29 EPS for the current fiscal year.

T. Rowe Price Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 15th were issued a dividend of $1.27 per share. This represents a $5.08 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend was Monday, September 15th. T. Rowe Price Group’s payout ratio is presently 56.76%.

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.