12,140 Shares in T. Rowe Price Group, Inc. $TROW Purchased by Virtu Financial LLC

Virtu Financial LLC acquired a new position in T. Rowe Price Group, Inc. (NASDAQ:TROW) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 12,140 shares of the asset manager’s stock, valued at approximately $1,243,000.

Other large investors have also bought and sold shares of the company. Woodline Partners LP boosted its position in shares of T. Rowe Price Group by 41.0% during the first quarter. Woodline Partners LP now owns 18,809 shares of the asset manager’s stock valued at $1,728,000 after purchasing an additional 5,467 shares in the last quarter. Focus Partners Wealth grew its stake in T. Rowe Price Group by 10.6% in the first quarter. Focus Partners Wealth now owns 13,054 shares of the asset manager’s stock worth $1,199,000 after purchasing an additional 1,250 shares during the period. EverSource Wealth Advisors LLC raised its holdings in T. Rowe Price Group by 44.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,546 shares of the asset manager’s stock worth $149,000 after purchasing an additional 478 shares in the last quarter. Jump Financial LLC bought a new position in T. Rowe Price Group in the second quarter worth $931,000. Finally, Daiwa Securities Group Inc. lifted its position in T. Rowe Price Group by 5.4% during the second quarter. Daiwa Securities Group Inc. now owns 33,245 shares of the asset manager’s stock valued at $3,208,000 after buying an additional 1,703 shares during the period. 73.39% of the stock is owned by institutional investors.

Insider Transactions at T. Rowe Price Group

In other T. Rowe Price Group news, VP Stephon A. Jackson sold 3,000 shares of T. Rowe Price Group stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $102.56, for a total value of $307,680.00. Following the completion of the transaction, the vice president directly owned 83,883 shares of the company’s stock, valued at approximately $8,603,040.48. The trade was a 3.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Barclays boosted their target price on shares of T. Rowe Price Group from $87.00 to $89.00 and gave the company an “underweight” rating in a report on Friday, May 1st. Morgan Stanley set a $105.00 price target on shares of T. Rowe Price Group in a research report on Monday, April 27th. Weiss Ratings reissued a “hold (c)” rating on shares of T. Rowe Price Group in a research note on Friday, May 8th. Evercore upped their price objective on shares of T. Rowe Price Group from $106.00 to $111.00 in a report on Monday, June 8th. Finally, BMO Capital Markets raised their target price on shares of T. Rowe Price Group from $98.00 to $110.00 and gave the company a “market perform” rating in a research note on Monday, May 4th. Eleven analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $100.08.

T. Rowe Price Group Stock Performance

NASDAQ TROW opened at $107.65 on Friday. T. Rowe Price Group, Inc. has a 12 month low of $85.22 and a 12 month high of $118.22. The stock’s fifty day moving average price is $102.63 and its 200-day moving average price is $99.85. The stock has a market cap of $23.07 billion, a P/E ratio of 11.54, a P/E/G ratio of 5.51 and a beta of 1.50.

T. Rowe Price Group (NASDAQ:TROW) last posted its quarterly earnings results on Thursday, April 30th. The asset manager reported $2.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.15. The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.85 billion. T. Rowe Price Group had a return on equity of 20.60% and a net margin of 28.28%.T. Rowe Price Group’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.23 EPS. As a group, analysts forecast that T. Rowe Price Group, Inc. will post 9.63 earnings per share for the current fiscal year.

T. Rowe Price Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 15th will be paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Monday, June 15th. T. Rowe Price Group’s dividend payout ratio (DPR) is currently 55.73%.

T. Rowe Price Group Company 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.