Osmosis Investment Management UK Ltd Purchases Shares of 4,668 T. Rowe Price Group, Inc. $TROW

Osmosis Investment Management UK Ltd purchased a new position in T. Rowe Price Group, Inc. (NASDAQ:TROW) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 4,668 shares of the asset manager’s stock, valued at approximately $531,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sanctuary Advisors LLC bought a new stake in shares of T. Rowe Price Group in the second quarter valued at about $1,668,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in T. Rowe Price Group during the second quarter valued at about $4,823,000. Meiji Yasuda Asset Management Co Ltd. bought a new position in T. Rowe Price Group during the second quarter valued at about $12,356,000. Twin Tree Management LP acquired a new position in T. Rowe Price Group in the 2nd quarter valued at approximately $2,989,000. Finally, Clear Harbor Asset Management LLC bought a new stake in shares of T. Rowe Price Group in the 2nd quarter worth approximately $370,000. Institutional investors own 73.39% of the company’s stock.

Analyst Upgrades and Downgrades

TROW has been the topic of a number of research reports. Zacks Research cut T. Rowe Price Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 13th. BMO Capital Markets raised their target price on T. Rowe Price Group from $110.00 to $120.00 and gave the stock a “market perform” rating in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $109.00 price target on shares of T. Rowe Price Group in a research note on Monday, August 3rd. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $115.00 price objective (down from $120.00) on shares of T. Rowe Price Group in a research note on Monday, August 3rd. Finally, Evercore set a $118.00 price objective on shares of T. Rowe Price Group in a report on Monday, August 10th. Ten equities research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, T. Rowe Price Group has a consensus rating of “Reduce” and an average target price of $105.67.

T. Rowe Price Group Trading Up 0.5%

Shares of TROW opened at $112.87 on Wednesday. The stock has a market cap of $24.08 billion, a PE ratio of 11.32, a PEG ratio of 3.72 and a beta of 1.47. T. Rowe Price Group, Inc. has a 1 year low of $85.22 and a 1 year high of $122.00. The stock has a 50 day simple moving average of $114.10 and a 200-day simple moving average of $103.02.

T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly earnings results on Friday, July 31st. The asset manager reported $2.57 EPS for the quarter, beating the consensus estimate of $2.52 by $0.05. T. Rowe Price Group had a return on equity of 20.91% and a net margin of 29.26%.The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the previous year, the firm earned $2.24 EPS. T. Rowe Price Group’s quarterly revenue was up 10.7% on a year-over-year basis. On average, sell-side analysts forecast that T. Rowe Price Group, Inc. will post 10.15 EPS for the current fiscal year.

T. Rowe Price Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be issued a $1.30 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $5.20 annualized dividend and a dividend yield of 4.6%. T. Rowe Price Group’s dividend payout ratio is presently 52.16%.

T. Rowe Price Group Profile

T. Rowe Price Group, Inc is a global investment management firm headquartered in Baltimore, Maryland, founded by Thomas Rowe Price Jr. in 1937. The company provides a broad range of investment products and services for individual investors, financial intermediaries, retirement plan sponsors and institutional clients. Its offerings are built around active investment management and in-house research across equity, fixed income and multi-asset strategies, reflecting a long history as a research-driven asset manager.

The firm’s product lineup includes mutual funds, separate accounts, collective investment trusts, target-date and target-risk funds, and managed account solutions, as well as services for defined contribution and defined benefit retirement plans.