Blair William & Co. IL Has $20.46 Million Holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Key Points

• Blair William & Co. has increased its holdings in T. Rowe Price Group, owning approximately 0.10% of the firm, worth $20.46 million after acquiring additional shares in Q1.
• T. Rowe Price Group reported $2.24 EPS, surpassing expectations, and a revenue of $1.72 billion for the quarter, despite a .6% year-over-year decline.
• The firm announced a quarterly dividend of $1.27 per share with a yield of 4.9%, reflecting a payout ratio of 57.60%.

Blair William & Co. IL increased its holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 1.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 222,741 shares of the asset manager's stock after purchasing an additional 2,743 shares during the period. Blair William & Co. IL owned approximately 0.10% of T. Rowe Price Group worth $20,463,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Fayez Sarofim & Co boosted its stake in shares of T. Rowe Price Group by 7.6% during the 4th quarter. Fayez Sarofim & Co now owns 6,052,469 shares of the asset manager's stock worth $684,474,000 after acquiring an additional 425,142 shares in the last quarter. Invesco Ltd. lifted its holdings in T. Rowe Price Group by 1.7% in the 4th quarter. Invesco Ltd. now owns 2,397,819 shares of the asset manager's stock worth $271,169,000 after purchasing an additional 40,514 shares during the last quarter. Northern Trust Corp boosted its position in T. Rowe Price Group by 10.0% during the fourth quarter. Northern Trust Corp now owns 2,290,739 shares of the asset manager's stock worth $259,060,000 after purchasing an additional 208,304 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in T. Rowe Price Group by 28.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,762,910 shares of the asset manager's stock valued at $199,367,000 after purchasing an additional 387,604 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in T. Rowe Price Group by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,743,305 shares of the asset manager's stock valued at $197,168,000 after purchasing an additional 15,864 shares during the last quarter. 73.39% of the stock is owned by institutional investors and hedge funds.

T. Rowe Price Group Stock Up 1.6%

T. Rowe Price Group stock opened at $103.06 on Monday. The business has a 50 day moving average price of $98.38 and a two-hundred day moving average price of $98.22. T. Rowe Price Group, Inc. has a 12 month low of $77.85 and a 12 month high of $125.81. The stock has a market cap of $22.71 billion, a price-to-earnings ratio of 11.52, a price-to-earnings-growth ratio of 3.03 and a beta of 1.47.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last issued its earnings results on Friday, August 1st. The asset manager reported $2.24 EPS for the quarter, beating analysts' consensus estimates of $2.15 by $0.09. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.72 billion. T. Rowe Price Group had a return on equity of 19.84% and a net margin of 28.72%. T. Rowe Price Group's revenue was down .6% on a year-over-year basis. During the same period in the prior year, the company posted $2.26 earnings per share. On average, analysts expect that T. Rowe Price Group, Inc. will post 9.29 earnings per share for the current fiscal year.

T. Rowe Price Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were given a dividend of $1.27 per share. This represents a $5.08 annualized dividend and a dividend yield of 4.9%. The ex-dividend date was Friday, June 13th. T. Rowe Price Group's payout ratio is 57.60%.

Analyst Upgrades and Downgrades

TROW has been the subject of a number of analyst reports. Morgan Stanley boosted their price objective on shares of T. Rowe Price Group from $95.00 to $104.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 2nd. Wells Fargo & Company upped their price target on shares of T. Rowe Price Group from $98.00 to $108.00 and gave the company an "equal weight" rating in a report on Friday, July 11th. JPMorgan Chase & Co. raised their price target on T. Rowe Price Group from $90.00 to $98.00 and gave the company an "underweight" rating in a research report on Wednesday, July 16th. TD Cowen cut their price objective on T. Rowe Price Group from $112.00 to $89.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Finally, The Goldman Sachs Group decreased their target price on T. Rowe Price Group from $89.00 to $80.00 and set a "sell" rating for the company in a research note on Monday, April 14th. Four analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to MarketBeat, T. Rowe Price Group currently has an average rating of "Hold" and a consensus price target of $96.64.

Insider Activity

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

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.

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