Fort Washington Investment Advisors Inc. OH Has $35.03 Million Stock Holdings in T. Rowe Price Group, Inc. $TROW

Key Points

• Fort Washington Investment Advisors raised its stake in T. Rowe Price by 19.5% in Q4 to 342,186 shares — about 0.16% of the company — worth roughly $35.03 million.
• T. Rowe Price raised its quarterly dividend to $1.30 (annualized $5.20), implying a 5.8% yield with an ex-dividend date of March 16 and payment on March 30.
• Analysts are mostly cautious: the consensus rating is "Reduce" with an average price target of $101.69 after several firms trimmed targets and issued mainly "hold" or "sell" opinions.

Fort Washington Investment Advisors Inc. OH raised its position in T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 19.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 342,186 shares of the asset manager's stock after buying an additional 55,948 shares during the period. Fort Washington Investment Advisors Inc. OH owned about 0.16% of T. Rowe Price Group worth $35,033,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. TD Waterhouse Canada Inc. raised its position in shares of T. Rowe Price Group by 66.7% during the second quarter. TD Waterhouse Canada Inc. now owns 250 shares of the asset manager's stock worth $25,000 after acquiring an additional 100 shares during the last quarter. Essex Bank boosted its holdings in T. Rowe Price Group by 3.6% in the third quarter. Essex Bank now owns 2,914 shares of the asset manager's stock valued at $299,000 after acquiring an additional 100 shares during the last quarter. PFG Investments LLC increased its position in T. Rowe Price Group by 4.8% in the third quarter. PFG Investments LLC now owns 2,249 shares of the asset manager's stock worth $231,000 after purchasing an additional 102 shares during the period. Fiduciary Trust Co increased its position in T. Rowe Price Group by 4.5% in the third quarter. Fiduciary Trust Co now owns 2,579 shares of the asset manager's stock worth $265,000 after purchasing an additional 111 shares during the period. Finally, Gotham Asset Management LLC raised its holdings in T. Rowe Price Group by 0.3% during the 3rd quarter. Gotham Asset Management LLC now owns 36,900 shares of the asset manager's stock worth $3,787,000 after purchasing an additional 119 shares during the last quarter. 73.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on TROW. Argus upgraded shares of T. Rowe Price Group to a "hold" rating in a research report on Thursday, February 5th. BMO Capital Markets dropped their price target on shares of T. Rowe Price Group from $110.00 to $104.00 and set a "market perform" rating for the company in a research note on Thursday, February 12th. Keefe, Bruyette & Woods cut their price objective on shares of T. Rowe Price Group from $115.00 to $110.00 and set a "market perform" rating on the stock in a report on Thursday, February 5th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of T. Rowe Price Group in a research note on Monday, December 29th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of T. Rowe Price Group from $106.00 to $100.00 and set a "hold" rating for the company in a report on Thursday, February 5th. Twelve equities research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Reduce" and a consensus price target of $101.69.

T. Rowe Price Group Trading Up 0.7%

T. Rowe Price Group stock opened at $90.23 on Friday. The firm has a market capitalization of $19.63 billion, a P/E ratio of 9.75, a PEG ratio of 3.75 and a beta of 1.54. The business has a 50-day moving average of $95.53 and a 200-day moving average of $100.96. T. Rowe Price Group, Inc. has a 1 year low of $77.85 and a 1 year high of $118.22.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last announced its quarterly earnings results on Wednesday, February 4th. The asset manager reported $2.44 earnings per share for the quarter, missing analysts' consensus estimates of $2.47 by ($0.03). The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.92 billion. T. Rowe Price Group had a net margin of 28.53% and a return on equity of 20.29%. The business's revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.12 earnings per share. Research analysts anticipate that T. Rowe Price Group, Inc. will post 9.29 EPS for the current fiscal year.

T. Rowe Price Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 16th will be issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 5.8%. This is a boost from T. Rowe Price Group's previous quarterly dividend of $1.27. The ex-dividend date is Monday, March 16th. T. Rowe Price Group's dividend payout ratio (DPR) is 56.22%.

About T. Rowe Price Group

T. Rowe Price Group, Inc is a global investment management firm headquartered in Baltimore, Maryland, founded by Thomas Rowe Price Jr. in 1937. The company provides a broad range of investment products and services for individual investors, financial intermediaries, retirement plan sponsors and institutional clients. Its offerings are built around active investment management and in-house research across equity, fixed income and multi-asset strategies, reflecting a long history as a research-driven asset manager.

The firm's product lineup includes mutual funds, separate accounts, collective investment trusts, target-date and target-risk funds, and managed account solutions, as well as services for defined contribution and defined benefit retirement plans.

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