Blair William & Co. IL Has $22.07 Million Position in T. Rowe Price Group, Inc. $TROW

Key Points

• Blair William & Co. IL increased its stake in T. Rowe Price Group by 2.7%, owning 228,706 shares valued at approximately $22.07 million as of its latest SEC filing.
• The company declared a quarterly dividend of $1.27 per share, contributing to a 4.8% dividend yield and a payout ratio of 56.76%.
• Analysts have mixed ratings for T. Rowe Price Group, with a recent average price target of $104.69 reflecting an overall "Reduce" rating from the analyst community.

Blair William & Co. IL grew its stake in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 2.7% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 228,706 shares of the asset manager's stock after buying an additional 5,965 shares during the period. Blair William & Co. IL owned approximately 0.10% of T. Rowe Price Group worth $22,070,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Park Avenue Securities LLC raised its position in T. Rowe Price Group by 16.5% in the first quarter. Park Avenue Securities LLC now owns 4,879 shares of the asset manager's stock worth $448,000 after purchasing an additional 691 shares in the last quarter. Farther Finance Advisors LLC raised its position in T. Rowe Price Group by 75.8% in the first quarter. Farther Finance Advisors LLC now owns 7,949 shares of the asset manager's stock worth $733,000 after purchasing an additional 3,427 shares in the last quarter. GAMMA Investing LLC raised its position in T. Rowe Price Group by 5.1% in the first quarter. GAMMA Investing LLC now owns 3,627 shares of the asset manager's stock worth $333,000 after purchasing an additional 176 shares in the last quarter. Handelsbanken Fonder AB raised its position in T. Rowe Price Group by 4.8% in the first quarter. Handelsbanken Fonder AB now owns 49,745 shares of the asset manager's stock worth $4,570,000 after purchasing an additional 2,297 shares in the last quarter. Finally, Integrated Advisors Network LLC acquired a new position in T. Rowe Price Group in the first quarter worth about $271,000. Institutional investors and hedge funds own 73.39% of the company's stock.

Insider Activity at T. Rowe Price Group

In other news, Director Robert F. Maclellan sold 3,090 shares of the stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $105.01, for a total transaction of $324,480.90. Following the sale, the director directly owned 47,335 shares of the company's stock, valued at $4,970,648.35. This represents a 6.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.00% of the stock is owned by company insiders.

T. Rowe Price Group Price Performance

TROW opened at $106.01 on Friday. T. Rowe Price Group, Inc. has a one year low of $77.85 and a one year high of $125.81. The company's 50 day simple moving average is $105.85 and its 200-day simple moving average is $98.39. The stock has a market capitalization of $23.29 billion, a P/E ratio of 11.84, a price-to-earnings-growth ratio of 6.83 and a beta of 1.50.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The asset manager reported $2.24 EPS for the quarter, beating the consensus estimate of $2.15 by $0.09. T. Rowe Price Group had a net margin of 28.72% and a return on equity of 19.77%. The business had revenue of $1.72 billion for the quarter, compared to analysts' expectations of $1.72 billion. During the same period in the prior year, the firm earned $2.26 earnings per share. T. Rowe Price Group's revenue was down .6% compared to the same quarter last year. As a group, analysts anticipate that T. Rowe Price Group, Inc. will post 9.29 EPS for the current year.

T. Rowe Price Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 15th were paid a dividend of $1.27 per share. This represents a $5.08 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend was Monday, September 15th. T. Rowe Price Group's dividend payout ratio is 56.76%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Jefferies Financial Group increased their price target on shares of T. Rowe Price Group from $104.00 to $106.00 and gave the stock a "hold" rating in a research report on Tuesday. The Goldman Sachs Group increased their price target on shares of T. Rowe Price Group from $91.00 to $92.00 and gave the stock a "sell" rating in a research report on Friday, October 3rd. JPMorgan Chase & Co. increased their price target on shares of T. Rowe Price Group from $98.00 to $102.00 and gave the stock an "underweight" rating in a research report on Monday, August 4th. Evercore ISI raised their price objective on shares of T. Rowe Price Group from $115.00 to $118.00 and gave the stock an "in-line" rating in a report on Thursday. Finally, BMO Capital Markets initiated coverage on shares of T. Rowe Price Group in a report on Friday, October 3rd. They set a "market perform" rating and a $108.00 price objective for the company. One investment analyst has rated the stock with a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, T. Rowe Price Group presently has an average rating of "Reduce" and an average price target of $104.69.

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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