Banque Cantonale Vaudoise Has $974,000 Stock Position in T. Rowe Price Group, Inc. $TROW

Key Points

• Banque Cantonale Vaudoise cut its stake in T. Rowe Price by 61.4% in Q3, selling 15,098 shares and ending the period with 9,491 shares worth $974,000.
• Large institutions — including Vanguard, State Street and Charles Schwab — have increased positions, and overall institutional ownership stands at 73.39% of the stock.
• T. Rowe Price has a market cap of $19.17B and a P/E of 9.5; it reported quarterly EPS of $2.44 (missed estimates), revenue was up 6% year‑over‑year, and it raised the quarterly dividend to $1.30 (a 5.9% yield).

Banque Cantonale Vaudoise reduced its holdings in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 61.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,491 shares of the asset manager's stock after selling 15,098 shares during the quarter. Banque Cantonale Vaudoise's holdings in T. Rowe Price Group were worth $974,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in T. Rowe Price Group by 0.5% during the second quarter. Vanguard Group Inc. now owns 26,416,718 shares of the asset manager's stock worth $2,549,213,000 after acquiring an additional 130,325 shares in the last quarter. State Street Corp boosted its stake in shares of T. Rowe Price Group by 1.5% in the 2nd quarter. State Street Corp now owns 14,510,271 shares of the asset manager's stock valued at $1,400,241,000 after purchasing an additional 211,647 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of T. Rowe Price Group by 1.8% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 7,846,636 shares of the asset manager's stock valued at $757,200,000 after purchasing an additional 140,385 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of T. Rowe Price Group by 3.4% during the 2nd quarter. Geode Capital Management LLC now owns 6,014,236 shares of the asset manager's stock valued at $578,059,000 after purchasing an additional 197,024 shares during the last quarter. Finally, Invesco Ltd. increased its position in T. Rowe Price Group by 0.3% during the 2nd quarter. Invesco Ltd. now owns 3,444,720 shares of the asset manager's stock worth $332,415,000 after purchasing an additional 11,036 shares in the last quarter. 73.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Barclays set a $94.00 price objective on shares of T. Rowe Price Group in a research note on Thursday, February 5th. The Goldman Sachs Group lowered their price target on shares of T. Rowe Price Group from $95.00 to $90.00 and set a "sell" rating for the company in a report on Thursday, February 5th. Evercore dropped their price target on T. Rowe Price Group from $106.00 to $99.00 in a research note on Friday, March 6th. Bank of America raised their price objective on T. Rowe Price Group from $85.00 to $86.00 in a report on Wednesday, January 14th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of T. Rowe Price Group in a research report on Monday, December 29th. Twelve analysts have rated the stock with a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Reduce" and an average target price of $101.69.

T. Rowe Price Group Price Performance

TROW opened at $87.91 on Friday. T. Rowe Price Group, Inc. has a fifty-two week low of $77.85 and a fifty-two week high of $118.22. The company's 50 day moving average price is $99.21 and its two-hundred day moving average price is $102.34. The firm has a market capitalization of $19.17 billion, a price-to-earnings ratio of 9.50, a PEG ratio of 3.74 and a beta of 1.54.

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

T. Rowe Price Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 16th will be given a dividend of $1.30 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a $5.20 annualized dividend and a yield of 5.9%. This is an increase from T. Rowe Price Group's previous quarterly dividend of $1.27. T. Rowe Price Group's dividend payout ratio is 54.92%.

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.

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