Baillie Gifford & Co. Sells 11,166 Shares of T. Rowe Price Group, Inc. $TROW

Baillie Gifford & Co. trimmed its position in T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 2.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 482,941 shares of the asset manager's stock after selling 11,166 shares during the period. Baillie Gifford & Co. owned 0.22% of T. Rowe Price Group worth $49,444,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Northern Trust Corp lifted its stake in shares of T. Rowe Price Group by 6.4% in the 3rd quarter. Northern Trust Corp now owns 2,529,116 shares of the asset manager's stock valued at $259,588,000 after acquiring an additional 152,451 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of T. Rowe Price Group by 3.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,090,249 shares of the asset manager's stock valued at $214,557,000 after acquiring an additional 64,791 shares during the last quarter. Caisse de depot et placement du Quebec lifted its stake in shares of T. Rowe Price Group by 81.0% in the 3rd quarter. Caisse de depot et placement du Quebec now owns 1,306,922 shares of the asset manager's stock valued at $134,142,000 after acquiring an additional 584,949 shares during the last quarter. Confluence Investment Management LLC lifted its stake in shares of T. Rowe Price Group by 2.7% in the 3rd quarter. Confluence Investment Management LLC now owns 973,769 shares of the asset manager's stock valued at $99,948,000 after acquiring an additional 25,316 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of T. Rowe Price Group by 5.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 873,092 shares of the asset manager's stock valued at $89,614,000 after acquiring an additional 45,845 shares during the last quarter. 73.39% of the stock is currently owned by institutional investors.

T. Rowe Price Group Stock Up 3.1%

NASDAQ TROW opened at $94.37 on Tuesday. The stock has a fifty day simple moving average of $91.87 and a 200 day simple moving average of $99.65. T. Rowe Price Group, Inc. has a twelve month low of $82.86 and a twelve month high of $118.22. The company has a market capitalization of $20.54 billion, a price-to-earnings ratio of 10.20, a PEG ratio of 3.92 and a beta of 1.50.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The asset manager reported $2.44 earnings per share for the quarter, missing analysts' consensus estimates of $2.47 by ($0.03). T. Rowe Price Group had a return on equity of 20.29% and a net margin of 28.53%.The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same quarter in the previous year, the business posted $2.12 earnings per share. The business's revenue was up 6.0% on a year-over-year basis. Research analysts expect that T. Rowe Price Group, Inc. will post 9.29 earnings per share for the current fiscal year.

T. Rowe Price Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Monday, March 16th were issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date was Monday, March 16th. This is an increase from T. Rowe Price Group's previous quarterly dividend of $1.27. T. Rowe Price Group's dividend payout ratio (DPR) is 56.22%.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Barclays set a $94.00 price objective on T. Rowe Price Group in a report on Thursday, February 5th. Bank of America increased their price objective on T. Rowe Price Group from $85.00 to $86.00 in a report on Wednesday, January 14th. The Goldman Sachs Group decreased their price objective on T. Rowe Price Group from $90.00 to $80.00 and set a "sell" rating for the company in a report on Monday, April 6th. Deutsche Bank Aktiengesellschaft decreased their price objective on T. Rowe Price Group from $106.00 to $100.00 and set a "hold" rating for the company in a report on Thursday, February 5th. Finally, Evercore decreased their price objective on T. Rowe Price Group from $99.00 to $96.00 in a report on Friday. Eleven equities research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Reduce" and an average price target of $97.00.

About T. Rowe Price Group

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.

Want to see what other hedge funds are holding TROW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.