T. Rowe Price Group, Inc. (NASDAQ:TROW) Shares Sold by Bokf Na

BOKF NA lessened its position in T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 2.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 125,679 shares of the asset manager's stock after selling 2,759 shares during the quarter. BOKF NA owned 0.06% of T. Rowe Price Group worth $13,642,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Barclays PLC lifted its holdings in T. Rowe Price Group by 13.6% during the 3rd quarter. Barclays PLC now owns 822,869 shares of the asset manager's stock valued at $89,635,000 after buying an additional 98,448 shares in the last quarter. World Investment Advisors LLC purchased a new stake in shares of T. Rowe Price Group in the third quarter valued at approximately $273,000. Tidal Investments LLC boosted its holdings in shares of T. Rowe Price Group by 8.5% in the third quarter. Tidal Investments LLC now owns 6,541 shares of the asset manager's stock valued at $713,000 after purchasing an additional 513 shares during the period. Franklin Resources Inc. grew its stake in T. Rowe Price Group by 45.1% in the third quarter. Franklin Resources Inc. now owns 490,155 shares of the asset manager's stock worth $53,760,000 after purchasing an additional 152,430 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in T. Rowe Price Group by 2.8% during the 3rd quarter. Principal Financial Group Inc. now owns 275,978 shares of the asset manager's stock worth $30,062,000 after purchasing an additional 7,503 shares during the period. 73.39% of the stock is owned by hedge funds and other institutional investors.

T. Rowe Price Group Stock Performance

NASDAQ TROW traded up $0.08 on Friday, reaching $92.74. 958,585 shares of the company's stock traded hands, compared to its average volume of 1,478,345. T. Rowe Price Group, Inc. has a fifty-two week low of $77.85 and a fifty-two week high of $125.81. The firm has a market cap of $20.43 billion, a price-to-earnings ratio of 10.12, a P/E/G ratio of 2.86 and a beta of 1.50. The stock has a 50 day moving average price of $90.62 and a 200-day moving average price of $106.26.

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

T. Rowe Price Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be paid a dividend of $1.27 per share. This represents a $5.08 annualized dividend and a dividend yield of 5.48%. T. Rowe Price Group's payout ratio is 57.60%.

Insider Activity

In other T. Rowe Price Group news, VP Arif Husain sold 4,112 shares of T. Rowe Price Group 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 owns 36,800 shares of the company's stock, valued at $4,021,136. The trade was a 10.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert F. Maclellan sold 3,955 shares of the firm's stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $91.56, for a total transaction of $362,119.80. Following the completion of the transaction, the director now directly owns 42,979 shares in the company, valued at approximately $3,935,157.24. This represents a 8.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.00% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on TROW shares. The Goldman Sachs Group dropped their price target on T. Rowe Price Group from $89.00 to $80.00 and set a "sell" rating on the stock in a research report on Monday, April 14th. Evercore ISI reduced their price target on shares of T. Rowe Price Group from $104.00 to $80.00 and set an "in-line" rating for the company in a report on Friday, April 11th. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $113.00 price objective (up from $111.00) on shares of T. Rowe Price Group in a research note on Thursday, February 6th. Barclays upped their target price on T. Rowe Price Group from $85.00 to $90.00 and gave the stock an "underweight" rating in a report on Monday, May 5th. Finally, Morgan Stanley lifted their price target on T. Rowe Price Group from $94.00 to $95.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. Four research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $94.09.

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.