T. Rowe Price Group, Inc. (NASDAQ:TROW) Holdings Increased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. increased its holdings in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 94.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,880 shares of the asset manager's stock after purchasing an additional 11,142 shares during the period. Jefferies Financial Group Inc.'s holdings in T. Rowe Price Group were worth $2,587,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Addison Advisors LLC raised its stake in shares of T. Rowe Price Group by 67.4% during the fourth quarter. Addison Advisors LLC now owns 231 shares of the asset manager's stock valued at $26,000 after purchasing an additional 93 shares during the period. Curio Wealth LLC acquired a new stake in T. Rowe Price Group during the 4th quarter valued at $27,000. Y.D. More Investments Ltd grew its holdings in T. Rowe Price Group by 124.0% during the 4th quarter. Y.D. More Investments Ltd now owns 280 shares of the asset manager's stock valued at $32,000 after purchasing an additional 155 shares in the last quarter. Stonebridge Financial Group LLC purchased a new stake in T. Rowe Price Group during the 4th quarter worth $32,000. Finally, Advantage Trust Co lifted its holdings in T. Rowe Price Group by 48.8% in the 4th quarter. Advantage Trust Co now owns 305 shares of the asset manager's stock worth $34,000 after buying an additional 100 shares in the last quarter. 73.39% of the stock is currently owned by institutional investors and hedge funds.

T. Rowe Price Group Stock Up 0.3%

Shares of TROW traded up $0.31 during mid-day trading on Thursday, hitting $94.31. The stock had a trading volume of 1,125,252 shares, compared to its average volume of 1,493,374. T. Rowe Price Group, Inc. has a fifty-two week low of $77.85 and a fifty-two week high of $125.81. The company has a market cap of $20.78 billion, a PE ratio of 10.30, a PEG ratio of 2.86 and a beta of 1.50. The company's fifty day simple moving average is $90.74 and its two-hundred day simple moving average is $104.70.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The asset manager reported $2.23 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the previous year, the company posted $2.38 earnings per share. The firm's revenue was up .8% on a year-over-year basis. Equities analysts expect that T. Rowe Price Group, Inc. will post 9.29 earnings per share for the current year.

T. Rowe Price Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued a $1.27 dividend. This represents a $5.08 annualized dividend and a dividend yield of 5.39%. The ex-dividend date of this dividend is Friday, June 13th. T. Rowe Price Group's dividend payout ratio (DPR) is presently 57.60%.

Wall Street Analysts Forecast Growth

TROW has been the subject of several recent analyst reports. Barclays raised their target price on T. Rowe Price Group from $85.00 to $90.00 and gave the company an "underweight" rating in a research note on Monday, May 5th. Cowen restated a "hold" rating on shares of T. Rowe Price Group in a research note on Monday, May 5th. JPMorgan Chase & Co. dropped their price objective on T. Rowe Price Group from $110.00 to $90.00 and set an "underweight" rating on the stock in a report on Wednesday, April 16th. Morgan Stanley upped their target price on T. Rowe Price Group from $94.00 to $95.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. Finally, Evercore ISI decreased their price target on shares of T. Rowe Price Group from $104.00 to $80.00 and set an "in-line" rating for the company in a research report on Friday, April 11th. Four equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $94.09.

Insider Activity

In related news, insider Jessica M. Hiebler sold 968 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $96.98, for a total value of $93,876.64. Following the sale, the insider now owns 13,611 shares of the company's stock, valued at approximately $1,319,994.78. This trade represents a 6.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert F. Maclellan sold 3,955 shares of the company's stock in a transaction on Monday, March 31st. The stock was sold at an average price of $91.56, for a total value of $362,119.80. Following the transaction, the director now owns 42,979 shares of the company's stock, valued at approximately $3,935,157.24. The trade was a 8.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.00% of the company's stock.

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.