Eisler Capital Management Ltd. Purchases New Shares in T. Rowe Price Group, Inc. $TROW

Key Points

• Eisler Capital Management Ltd. acquired a new stake in T. Rowe Price Group, purchasing 4,135 shares valued at approximately $380,000.
• T. Rowe Price Group reported a net margin of 28.72% and a quarterly EPS of $2.24, surpassing estimates by $0.09, but experiencing a 0.6% revenue decline year-over-year.
• The company announced a quarterly dividend of $1.27 to be paid on September 29th, reflecting an annualized yield of 4.7%.

Eisler Capital Management Ltd. purchased a new position in T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,135 shares of the asset manager's stock, valued at approximately $380,000.

A number of other hedge funds have also recently made changes to their positions in TROW. Price T Rowe Associates Inc. MD raised its holdings in T. Rowe Price Group by 1.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 306,512 shares of the asset manager's stock worth $34,664,000 after purchasing an additional 4,496 shares in the last quarter. Northern Trust Corp grew its position in shares of T. Rowe Price Group by 10.0% in the 4th quarter. Northern Trust Corp now owns 2,290,739 shares of the asset manager's stock worth $259,060,000 after buying an additional 208,304 shares during the last quarter. Lido Advisors LLC raised its stake in shares of T. Rowe Price Group by 11.6% during the 4th quarter. Lido Advisors LLC now owns 11,085 shares of the asset manager's stock worth $1,254,000 after acquiring an additional 1,150 shares in the last quarter. Schonfeld Strategic Advisors LLC lifted its position in T. Rowe Price Group by 209.9% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 19,162 shares of the asset manager's stock valued at $2,167,000 after acquiring an additional 12,979 shares during the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new stake in T. Rowe Price Group in the fourth quarter valued at approximately $116,000. 73.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Morgan Stanley upped their price target on T. Rowe Price Group from $112.00 to $116.00 and gave the stock an "equal weight" rating in a research report on Monday, August 4th. Barclays reaffirmed an "underweight" rating and set a $95.00 target price (up from $91.00) on shares of T. Rowe Price Group in a research report on Monday, August 4th. JPMorgan Chase & Co. increased their price target on T. Rowe Price Group from $98.00 to $102.00 and gave the company an "underweight" rating in a research note on Monday, August 4th. Wells Fargo & Company boosted their price target on T. Rowe Price Group from $98.00 to $108.00 and gave the stock an "equal weight" rating in a research note on Friday, July 11th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of T. Rowe Price Group from $110.00 to $112.00 and gave the company a "market perform" rating in a report on Monday, August 4th. Eight investment analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce" and an average price target of $101.09.

Insider Buying and Selling

In related news, VP Dorothy C. Sawyer sold 2,000 shares of T. Rowe Price Group stock in a transaction that occurred 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 completion of the transaction, the vice president directly owned 44,789 shares in the company, valued at approximately $4,274,214.27. This trade represents a 4.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by company insiders.

T. Rowe Price Group Trading Down 2.3%

Shares of TROW stock traded down $2.46 during trading hours on Tuesday, hitting $105.16. The company's stock had a trading volume of 723,345 shares, compared to its average volume of 1,761,936. The stock has a market cap of $23.11 billion, a PE ratio of 11.74, a price-to-earnings-growth ratio of 2.81 and a beta of 1.51. T. Rowe Price Group, Inc. has a 12-month low of $77.85 and a 12-month high of $125.81. The company has a 50 day moving average of $103.98 and a 200 day moving average of $97.41.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last issued its earnings results on Friday, August 1st. The asset manager reported $2.24 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.72 billion during the quarter, compared to analysts' expectations of $1.72 billion. During the same quarter last year, the company posted $2.26 earnings per share. The firm'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 earnings per share for the current fiscal year.

T. Rowe Price Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 15th will be paid a $1.27 dividend. The ex-dividend date is Monday, September 15th. This represents a $5.08 dividend on an annualized basis and a dividend yield of 4.8%. T. Rowe Price Group's dividend payout ratio is presently 56.76%.

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.