T. Rowe Price Group, Inc. (NASDAQ:TROW) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC trimmed its stake in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 25.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 405,523 shares of the asset manager's stock after selling 139,454 shares during the quarter. AQR Capital Management LLC owned 0.18% of T. Rowe Price Group worth $45,861,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Lido Advisors LLC raised its stake in T. Rowe Price Group by 11.6% in the fourth quarter. Lido Advisors LLC now owns 11,085 shares of the asset manager's stock valued at $1,254,000 after buying an additional 1,150 shares in the last quarter. Northern Trust Corp boosted its position in shares of T. Rowe Price Group by 10.0% in the 4th quarter. Northern Trust Corp now owns 2,290,739 shares of the asset manager's stock valued at $259,060,000 after purchasing an additional 208,304 shares during the period. Mendel Capital Management LLC increased its holdings in shares of T. Rowe Price Group by 4.8% in the 4th quarter. Mendel Capital Management LLC now owns 5,414 shares of the asset manager's stock valued at $612,000 after acquiring an additional 250 shares during the period. Johnson Financial Group Inc. grew its position in T. Rowe Price Group by 0.9% during the 4th quarter. Johnson Financial Group Inc. now owns 41,333 shares of the asset manager's stock worth $4,833,000 after purchasing an additional 383 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of T. Rowe Price Group during the fourth quarter worth about $16,671,000. Hedge funds and other institutional investors own 73.39% of the company's stock.

T. Rowe Price Group Price Performance

TROW traded down $1.15 during midday trading on Tuesday, reaching $90.28. 1,155,622 shares of the company's stock were exchanged, compared to its average volume of 1,472,065. T. Rowe Price Group, Inc. has a 1-year low of $77.85 and a 1-year high of $125.81. The stock has a market capitalization of $20.06 billion, a PE ratio of 9.85, a P/E/G ratio of 2.86 and a beta of 1.50. The business's 50-day moving average price is $91.55 and its 200 day moving average price is $106.79.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The asset manager reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.10. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. T. Rowe Price Group had a return on equity of 20.83% and a net margin of 29.61%. The company's quarterly revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.38 EPS. As a group, analysts expect that T. Rowe Price Group, Inc. will post 9.29 EPS for the current fiscal year.

T. Rowe Price Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $1.27 dividend. This is an increase from T. Rowe Price Group's previous quarterly dividend of $1.24. The ex-dividend date was Friday, March 14th. This represents a $5.08 annualized dividend and a yield of 5.63%. T. Rowe Price Group's payout ratio is presently 57.60%.

Insiders Place Their Bets

In other T. Rowe Price Group news, Director Robert F. Maclellan sold 3,955 shares of the stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $91.56, for a total transaction of $362,119.80. Following the transaction, the director now owns 42,979 shares of the company's stock, valued at $3,935,157.24. This trade represents a 8.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Arif Husain sold 4,112 shares of the business's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $109.27, for a total transaction of $449,318.24. Following the sale, the vice president now directly owns 36,800 shares of the company's stock, valued at $4,021,136. This represents a 10.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

TROW has been the subject of several recent research reports. StockNews.com downgraded T. Rowe Price Group from a "buy" rating to a "hold" rating in a report on Sunday, February 2nd. Citigroup reduced their target price on shares of T. Rowe Price Group from $100.00 to $95.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Cowen reiterated a "hold" rating on shares of T. Rowe Price Group in a research note on Monday. Wells Fargo & Company lowered their price objective on T. Rowe Price Group from $116.00 to $98.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $113.00 target price (up previously from $111.00) on shares of T. Rowe Price Group in a research report on Thursday, February 6th. Four equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company's stock. Based on data from MarketBeat, T. Rowe Price Group presently has an average rating of "Hold" and a consensus target price of $94.09.

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.