Lansforsakringar Fondforvaltning AB publ Has $10.07 Million Stake in T. Rowe Price Group, Inc. $TROW

Key Points

• Lansforsakringar Fondforvaltning AB publ increased its stake in T. Rowe Price Group by 4.4% in the first quarter, owning 109,589 shares valued at approximately $10.07 million.
• VP Dorothy C. Sawyer sold 2,000 shares of T. Rowe Price Group at an average price of $95.43, resulting in a total transaction value of $190,860.
• T. Rowe Price Group has recently announced a quarterly dividend of $1.27, with a divident yield of 4.7% and a payout ratio of 56.76%.

Lansforsakringar Fondforvaltning AB publ lifted its holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 4.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 109,589 shares of the asset manager's stock after purchasing an additional 4,582 shares during the quarter. Lansforsakringar Fondforvaltning AB publ's holdings in T. Rowe Price Group were worth $10,068,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of TROW. Invesco Ltd. lifted its stake in T. Rowe Price Group by 43.2% in the 1st quarter. Invesco Ltd. now owns 3,433,684 shares of the asset manager's stock valued at $315,453,000 after acquiring an additional 1,035,865 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in T. Rowe Price Group by 7.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 7,706,251 shares of the asset manager's stock valued at $707,973,000 after acquiring an additional 519,075 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in T. Rowe Price Group by 28.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,762,910 shares of the asset manager's stock valued at $199,367,000 after acquiring an additional 387,604 shares in the last quarter. GAMMA Investing LLC lifted its stake in T. Rowe Price Group by 9,555.5% in the 1st quarter. GAMMA Investing LLC now owns 333,212 shares of the asset manager's stock valued at $30,612,000 after acquiring an additional 329,761 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in T. Rowe Price Group by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 26,286,393 shares of the asset manager's stock valued at $2,414,931,000 after acquiring an additional 222,556 shares in the last quarter. Institutional investors own 73.39% of the company's stock.

T. Rowe Price Group Stock Down 0.6%

Shares of NASDAQ:TROW traded down $0.68 during trading on Wednesday, reaching $104.92. 564,196 shares of the company traded hands, compared to its average volume of 1,758,617. The company's 50 day moving average is $104.19 and its two-hundred day moving average is $97.46. The firm has a market capitalization of $23.05 billion, a PE ratio of 11.72, a PEG ratio of 2.81 and a beta of 1.51. T. Rowe Price Group, Inc. has a 52 week low of $77.85 and a 52 week high of $125.81.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last released its earnings results on Friday, August 1st. The asset manager reported $2.24 earnings per share for the quarter, beating analysts' consensus estimates of $2.15 by $0.09. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.72 billion. T. Rowe Price Group had a return on equity of 19.77% and a net margin of 28.72%.The company's revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the company posted $2.26 EPS. As a group, research analysts anticipate that T. Rowe Price Group, Inc. will post 9.29 EPS for the current year.

T. Rowe Price Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be given a dividend of $1.27 per share. This represents a $5.08 annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Monday, September 15th. T. Rowe Price Group's dividend payout ratio is currently 56.76%.

Wall Street Analyst Weigh In

TROW has been the topic of several research reports. Barclays restated an "underweight" rating and issued a $95.00 target price (up previously from $91.00) on shares of T. Rowe Price Group in a research note on Monday, August 4th. Keefe, Bruyette & Woods boosted their price target on T. Rowe Price Group from $110.00 to $112.00 and gave the stock a "market perform" rating in a research report on Monday, August 4th. Morgan Stanley boosted 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. 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 report on Friday, July 11th. Finally, Evercore ISI boosted their price target on T. Rowe Price Group from $106.00 to $110.00 and gave the stock an "in-line" rating in a research report on Monday, August 4th. Eight investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Reduce" and a consensus price target of $101.09.

Insiders Place Their Bets

In other T. Rowe Price Group news, VP Dorothy C. Sawyer sold 2,000 shares of T. Rowe Price Group stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $95.43, for a total value of $190,860.00. Following the transaction, the vice president owned 44,789 shares in the company, valued at $4,274,214.27. The trade was a 4.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.60% of the stock is owned by company insiders.

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.