Blackhawk Capital Partners LLC. Buys New Stake in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Blackhawk Capital Partners LLC. purchased a new position in T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 18,188 shares of the asset manager's stock, valued at approximately $1,671,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Curio Wealth LLC bought a new stake in T. Rowe Price Group during the 4th quarter worth approximately $27,000. Hexagon Capital Partners LLC raised 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 valued at $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 valued at $39,000. Chilton Capital Management LLC purchased a new position in shares of T. Rowe Price Group during the 1st quarter valued at $41,000. Finally, Ameriflex Group Inc. bought a new position in T. Rowe Price Group in the 4th quarter worth $42,000. Hedge funds and other institutional investors own 73.39% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on TROW shares. JPMorgan Chase & Co. lowered their price target on T. Rowe Price Group from $110.00 to $90.00 and set an "underweight" rating on the stock in a report on Wednesday, April 16th. Barclays boosted their price objective on shares of T. Rowe Price Group from $85.00 to $90.00 and gave the company an "underweight" rating in a research report on Monday, May 5th. Morgan Stanley upped their price objective on T. Rowe Price Group from $95.00 to $104.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 2nd. Bank of America decreased their price target on shares of T. Rowe Price Group from $90.00 to $85.00 and set an "underperform" rating for the company in a research note on Thursday, April 3rd. Finally, Evercore ISI dropped their target price on shares of T. Rowe Price Group from $104.00 to $80.00 and set an "in-line" rating on the stock in a report on Friday, April 11th. Four analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $94.91.

Insider Activity at T. Rowe Price Group

In other T. Rowe Price Group news, VP Dorothy C. Sawyer sold 2,000 shares of the stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $95.43, for a total transaction of $190,860.00. Following the sale, the vice president directly owned 44,789 shares of the company's stock, valued at approximately $4,274,214.27. This trade represents a 4.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jessica M. Hiebler sold 968 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $96.98, for a total value of $93,876.64. Following the completion of the transaction, the insider directly owned 13,611 shares of the company's stock, valued at approximately $1,319,994.78. This trade represents a 6.64% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.60% of the company's stock.

T. Rowe Price Group Trading Up 0.8%

Shares of TROW stock traded up $0.84 during trading hours on Tuesday, reaching $99.74. 1,052,946 shares of the company's stock were exchanged, compared to its average volume of 1,532,991. 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 cap of $21.97 billion, a PE ratio of 11.31, a PEG ratio of 3.21 and a beta of 1.49. The stock's fifty day moving average price is $94.47 and its two-hundred day moving average price is $99.51.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last released its earnings results on Friday, May 2nd. The asset manager reported $2.23 earnings per share for the quarter, topping the consensus estimate of $2.13 by $0.10. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. T. Rowe Price Group had a net margin of 28.38% and a return on equity of 20.17%. T. Rowe Price Group's revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.38 EPS. On average, equities analysts expect 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 declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were given a dividend of $1.27 per share. This represents a $5.08 dividend on an annualized basis and a yield of 5.09%. The ex-dividend date of this dividend was Friday, June 13th. T. Rowe Price Group's dividend payout ratio is presently 57.60%.

T. Rowe Price Group Company 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.