T. Rowe Price Group, Inc. $TROW Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lifted its position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 24.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 82,865 shares of the asset manager’s stock after buying an additional 16,403 shares during the period. Nisa Investment Advisors LLC’s holdings in T. Rowe Price Group were worth $7,996,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in TROW. Zions Bancorporation National Association UT purchased a new position in shares of T. Rowe Price Group during the 1st quarter worth approximately $27,000. Hexagon Capital Partners LLC boosted its position in shares of T. Rowe Price Group by 44.8% during the 1st quarter. Hexagon Capital Partners LLC now owns 365 shares of the asset manager’s stock worth $34,000 after purchasing an additional 113 shares during the period. Smallwood Wealth Investment Management LLC purchased a new position in shares of T. Rowe Price Group during the 1st quarter worth approximately $39,000. Curio Wealth LLC boosted its position in shares of T. Rowe Price Group by 20,700.0% during the 2nd quarter. Curio Wealth LLC now owns 416 shares of the asset manager’s stock worth $40,000 after purchasing an additional 414 shares during the period. Finally, Chilton Capital Management LLC purchased a new position in shares of T. Rowe Price Group during the 1st quarter worth approximately $41,000. Hedge funds and other institutional investors own 73.39% of the company’s stock.

Insider Buying and Selling

In related news, Director Robert F. Maclellan sold 3,090 shares of T. Rowe Price Group stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $105.01, for a total transaction of $324,480.90. Following the sale, the director directly owned 47,335 shares in the company, valued at $4,970,648.35. This trade represents a 6.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is owned by corporate insiders.

T. Rowe Price Group Trading Up 1.3%

T. Rowe Price Group stock opened at $104.91 on Tuesday. The stock has a market cap of $23.05 billion, a P/E ratio of 11.72, a price-to-earnings-growth ratio of 5.68 and a beta of 1.50. The company has a fifty day simple moving average of $105.31 and a 200-day simple moving average of $99.78. T. Rowe Price Group, Inc. has a 12-month low of $77.85 and a 12-month high of $125.81.

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, topping the consensus estimate of $2.15 by $0.09. T. Rowe Price Group had a net margin of 28.72% and a return on equity of 19.77%. 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 business earned $2.26 EPS. T. Rowe Price Group’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, sell-side analysts forecast that T. Rowe Price Group, Inc. will post 9.29 earnings per share for the current fiscal year.

T. Rowe Price Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 15th were paid a dividend of $1.27 per share. This represents a $5.08 annualized dividend and a yield of 4.8%. The ex-dividend date was Monday, September 15th. T. Rowe Price Group’s dividend payout ratio (DPR) is currently 56.76%.

Wall Street Analyst Weigh In

TROW has been the subject of several recent research reports. JPMorgan Chase & Co. raised their price target on shares of T. Rowe Price Group from $102.00 to $109.00 and gave the company an “underweight” rating in a research report on Wednesday, October 15th. Keefe, Bruyette & Woods raised their price target on shares of T. Rowe Price Group from $112.00 to $115.00 and gave the company a “hold” rating in a research report on Monday, October 13th. Jefferies Financial Group raised their price target on shares of T. Rowe Price Group from $104.00 to $106.00 and gave the company a “hold” rating in a research report on Tuesday, October 7th. Wells Fargo & Company raised their price target on shares of T. Rowe Price Group from $98.00 to $108.00 and gave the company an “equal weight” rating in a research report on Friday, July 11th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of T. Rowe Price Group from $109.00 to $114.00 and gave the company a “hold” rating in a research report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $107.62.

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.