Donaldson Capital Management LLC Has $36.90 Million Stock Position in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Donaldson Capital Management LLC grew its holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 1.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 401,675 shares of the asset manager's stock after purchasing an additional 4,018 shares during the quarter. Donaldson Capital Management LLC owned about 0.18% of T. Rowe Price Group worth $36,902,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Glenview Trust co lifted its stake in shares of T. Rowe Price Group by 2.2% in the fourth quarter. Glenview Trust co now owns 4,318 shares of the asset manager's stock valued at $488,000 after buying an additional 92 shares during the period. Addison Advisors LLC lifted its stake in shares of T. Rowe Price Group by 67.4% in the fourth quarter. Addison Advisors LLC now owns 231 shares of the asset manager's stock valued at $26,000 after buying an additional 93 shares during the period. Advantage Trust Co lifted its stake in shares of T. Rowe Price Group by 48.8% in the fourth quarter. Advantage Trust Co now owns 305 shares of the asset manager's stock valued at $34,000 after buying an additional 100 shares during the period. Valeo Financial Advisors LLC lifted its stake in shares of T. Rowe Price Group by 3.5% in the fourth quarter. Valeo Financial Advisors LLC now owns 2,996 shares of the asset manager's stock valued at $339,000 after buying an additional 102 shares during the period. Finally, Strategy Asset Managers LLC lifted its stake in shares of T. Rowe Price Group by 5.0% in the fourth quarter. Strategy Asset Managers LLC now owns 2,277 shares of the asset manager's stock valued at $258,000 after buying an additional 108 shares during the period. 73.39% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other T. Rowe Price Group news, insider Jessica M. Hiebler sold 968 shares of T. Rowe Price Group stock in a transaction on Monday, May 12th. The shares were sold at an average price of $96.98, for a total transaction of $93,876.64. Following the completion of the sale, the insider now 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Dorothy C. Sawyer sold 2,000 shares of T. Rowe Price Group stock in a transaction on 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 now directly owns 44,789 shares of the company's stock, valued at $4,274,214.27. This represents a 4.27% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,923 shares of company stock valued at $646,856. Company insiders own 2.00% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on TROW shares. Citigroup cut their price target on shares of T. Rowe Price Group from $100.00 to $95.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Wells Fargo & Company cut 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 note on Tuesday, April 8th. Barclays raised their price target on shares of T. Rowe Price Group from $85.00 to $90.00 and gave the stock an "underweight" rating in a research note on Monday, May 5th. Bank of America cut 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, Morgan Stanley raised their price target on shares of T. Rowe Price Group from $94.00 to $95.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. Four analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to MarketBeat.com, T. Rowe Price Group presently has an average rating of "Hold" and a consensus price target of $94.09.

T. Rowe Price Group Trading Down 0.5%

Shares of T. Rowe Price Group stock traded down $0.52 during midday trading on Thursday, reaching $94.58. The company had a trading volume of 1,248,524 shares, compared to its average volume of 1,506,432. The company has a market capitalization of $20.84 billion, a price-to-earnings ratio of 10.33, a price-to-earnings-growth ratio of 2.86 and a beta of 1.49. The stock has a fifty day simple moving average of $91.43 and a 200 day simple moving average of $102.81. T. Rowe Price Group, Inc. has a 1-year low of $77.85 and a 1-year high of $125.81.

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

T. Rowe Price Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be issued a dividend of $1.27 per share. This represents a $5.08 dividend on an annualized basis and a yield of 5.37%. The ex-dividend date is Friday, June 13th. T. Rowe Price Group's dividend payout ratio is presently 57.60%.

About T. Rowe Price Group

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.