Capital Performance Advisors LLP Purchases Shares of 429 T. Rowe Price Group, Inc. (NASDAQ:TROW)

Capital Performance Advisors LLP acquired a new position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) in the 3rd quarter, Holdings Channel reports. The fund acquired 429 shares of the asset manager’s stock, valued at approximately $47,000.

Several other institutional investors also recently modified their holdings of the stock. Empowered Funds LLC increased its stake in T. Rowe Price Group by 62.4% in the first quarter. Empowered Funds LLC now owns 25,779 shares of the asset manager’s stock valued at $3,143,000 after acquiring an additional 9,910 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of T. Rowe Price Group by 14.3% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 2,674 shares of the asset manager’s stock valued at $326,000 after buying an additional 334 shares in the last quarter. Forsta AP Fonden lifted its position in T. Rowe Price Group by 5.2% in the 1st quarter. Forsta AP Fonden now owns 53,000 shares of the asset manager’s stock worth $6,462,000 after buying an additional 2,600 shares during the last quarter. QRG Capital Management Inc. boosted its stake in T. Rowe Price Group by 8.0% in the first quarter. QRG Capital Management Inc. now owns 5,059 shares of the asset manager’s stock worth $617,000 after buying an additional 376 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in T. Rowe Price Group by 9.8% during the first quarter. Russell Investments Group Ltd. now owns 122,763 shares of the asset manager’s stock valued at $14,943,000 after acquiring an additional 10,944 shares during the last quarter. 73.39% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Jessica M. Hiebler sold 484 shares of T. Rowe Price Group stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $104.73, for a total transaction of $50,689.32. Following the completion of the transaction, the insider now directly owns 13,939 shares of the company’s stock, valued at $1,459,831.47. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Jessica M. Hiebler sold 484 shares of T. Rowe Price Group stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $104.73, for a total value of $50,689.32. Following the completion of the transaction, the insider now owns 13,939 shares of the company’s stock, valued at $1,459,831.47. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Andrew Justin Mackenzi Thomson sold 11,969 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $102.83, for a total transaction of $1,230,772.27. Following the sale, the vice president now directly owns 123,624 shares in the company, valued at $12,712,255.92. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

TROW has been the subject of a number of recent research reports. Evercore ISI boosted their price objective on shares of T. Rowe Price Group from $112.00 to $113.00 and gave the stock an “in-line” rating in a report on Thursday. Barclays raised their price objective on T. Rowe Price Group from $101.00 to $110.00 and gave the company an “underweight” rating in a research note on Monday, November 4th. Wells Fargo & Company lifted their price objective on T. Rowe Price Group from $109.00 to $112.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 9th. Morgan Stanley raised their price target on T. Rowe Price Group from $127.00 to $129.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Finally, TD Cowen lowered their price objective on T. Rowe Price Group from $120.00 to $116.00 and set a “hold” rating for the company in a research report on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to MarketBeat.com, T. Rowe Price Group presently has a consensus rating of “Hold” and a consensus target price of $115.09.

T. Rowe Price Group Stock Down 2.0 %

Shares of T. Rowe Price Group stock opened at $117.62 on Monday. The business has a 50 day moving average of $109.33 and a 200 day moving average of $111.92. T. Rowe Price Group, Inc. has a 52 week low of $90.02 and a 52 week high of $122.27. The company has a market cap of $26.13 billion, a PE ratio of 12.87, a P/E/G ratio of 1.71 and a beta of 1.41.

T. Rowe Price Group (NASDAQ:TROW) last announced its earnings results on Friday, November 1st. The asset manager reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.36 by $0.21. T. Rowe Price Group had a net margin of 30.35% and a return on equity of 20.35%. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the previous year, the firm posted $2.17 EPS. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, research analysts anticipate that T. Rowe Price Group, Inc. will post 9.32 earnings per share for the current year.

T. Rowe Price Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a $1.24 dividend. This represents a $4.96 annualized dividend and a dividend yield of 4.22%. The ex-dividend date is Friday, December 13th. T. Rowe Price Group’s dividend payout ratio is currently 54.27%.

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.