Czech National Bank Has $4.70 Million Position in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Czech National Bank lifted its stake in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 6.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 51,135 shares of the asset manager's stock after purchasing an additional 2,966 shares during the period. Czech National Bank's holdings in T. Rowe Price Group were worth $4,698,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Rhumbline Advisers grew its position in T. Rowe Price Group by 3.8% in the 1st quarter. Rhumbline Advisers now owns 453,740 shares of the asset manager's stock worth $41,685,000 after purchasing an additional 16,693 shares during the last quarter. GAMMA Investing LLC lifted its stake in T. Rowe Price Group by 9,555.5% during the first quarter. GAMMA Investing LLC now owns 333,212 shares of the asset manager's stock valued at $30,612,000 after purchasing an additional 329,761 shares during the last quarter. Exeter Financial LLC lifted its stake in T. Rowe Price Group by 1.3% during the first quarter. Exeter Financial LLC now owns 26,132 shares of the asset manager's stock valued at $2,401,000 after purchasing an additional 325 shares during the last quarter. Versant Capital Management Inc lifted its stake in T. Rowe Price Group by 763.3% during the first quarter. Versant Capital Management Inc now owns 1,554 shares of the asset manager's stock valued at $143,000 after purchasing an additional 1,374 shares during the last quarter. Finally, Cullen Investment Group LTD. lifted its position in shares of T. Rowe Price Group by 0.9% in the 1st quarter. Cullen Investment Group LTD. now owns 13,554 shares of the asset manager's stock valued at $1,245,000 after acquiring an additional 117 shares in the last quarter. Institutional investors own 73.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on TROW shares. Wells Fargo & Company reduced their price target on shares of T. Rowe Price Group from $116.00 to $98.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Evercore ISI dropped their price objective on shares of T. Rowe Price Group from $104.00 to $80.00 and set an "in-line" rating on the stock in a research note on Friday, April 11th. The Goldman Sachs Group dropped their price objective on shares of T. Rowe Price Group from $89.00 to $80.00 and set a "sell" rating on the stock in a research note on Monday, April 14th. TD Cowen dropped their price objective on shares of T. Rowe Price Group from $112.00 to $89.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Finally, Morgan Stanley upped their price objective on shares of T. Rowe Price Group from $94.00 to $95.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Four investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $94.09.

T. Rowe Price Group Stock Down 0.6%

Shares of TROW traded down $0.55 during mid-day trading on Thursday, hitting $93.24. 1,235,099 shares of the company's stock were exchanged, compared to its average volume of 1,498,029. The firm has a fifty day moving average of $90.64 and a two-hundred day moving average of $103.83. T. Rowe Price Group, Inc. has a twelve month low of $77.85 and a twelve month high of $125.81. The stock has a market cap of $20.54 billion, a price-to-earnings ratio of 10.18, a P/E/G ratio of 2.86 and a beta of 1.49.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The asset manager reported $2.23 EPS for the quarter, topping the consensus estimate of $2.13 by $0.10. T. Rowe Price Group had a net margin of 29.61% and a return on equity of 20.83%. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the prior year, the business posted $2.38 EPS. T. Rowe Price Group's quarterly revenue was up .8% on a year-over-year basis. On average, equities analysts predict that T. Rowe Price Group, Inc. will post 9.29 earnings per share for the current year.

T. Rowe Price Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be paid a $1.27 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $5.08 dividend on an annualized basis and a yield of 5.45%. T. Rowe Price Group's payout ratio is presently 57.60%.

Insider Buying and Selling at T. Rowe Price Group

In other T. Rowe Price Group news, 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 now directly owns 13,611 shares of the company's stock, valued at approximately $1,319,994.78. The trade was a 6.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert F. Maclellan sold 3,955 shares of T. Rowe Price Group stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $91.56, for a total transaction of $362,119.80. Following the sale, the director now owns 42,979 shares of the company's stock, valued at approximately $3,935,157.24. This represents a 8.43% decrease in their position. The disclosure for this sale can be found here. Insiders own 2.00% of the company's stock.

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.