Level Four Advisory Services LLC Purchases 4,141 Shares of T. Rowe Price Group, Inc. $TROW

Key Points

• Level Four Advisory Services LLC increased its stake in T. Rowe Price Group by 4.2%, owning 102,084 shares valued at approximately $9.38 million after acquiring more shares in the first quarter.
• Several institutional investors, including GAMMA Investing LLC, which boosted its holdings by 9,555.5%, have significantly increased their positions in T. Rowe Price Group, which is predominantly owned by institutional investors at 73.39%.
• T. Rowe Price Group reported impressive earnings of $2.24 per share for the last quarter, surpassing expectations, and also set a quarterly dividend of $1.27 to be paid on September 29.

Level Four Advisory Services LLC grew its holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 4.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 102,084 shares of the asset manager's stock after acquiring an additional 4,141 shares during the quarter. Level Four Advisory Services LLC's holdings in T. Rowe Price Group were worth $9,379,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of TROW. Invesco Ltd. raised its stake in shares of T. Rowe Price Group by 43.2% in the first quarter. Invesco Ltd. now owns 3,433,684 shares of the asset manager's stock valued at $315,453,000 after purchasing an additional 1,035,865 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of T. Rowe Price Group by 7.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 7,706,251 shares of the asset manager's stock valued at $707,973,000 after purchasing an additional 519,075 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of T. Rowe Price Group by 28.2% in the fourth 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 purchasing an additional 387,604 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of T. Rowe Price Group by 9,555.5% in the first quarter. GAMMA Investing LLC now owns 333,212 shares of the asset manager's stock valued at $30,612,000 after purchasing an additional 329,761 shares in the last quarter. Finally, Hsbc Holdings PLC raised its stake in shares of T. Rowe Price Group by 35.7% in the fourth quarter. Hsbc Holdings PLC now owns 1,076,574 shares of the asset manager's stock valued at $121,780,000 after purchasing an additional 283,495 shares in the last quarter. 73.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at T. Rowe Price Group

In other news, VP Dorothy C. Sawyer sold 2,000 shares of the firm's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $95.43, for a total value of $190,860.00. Following the completion of the sale, 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 filing with the SEC, which is available through this link. Company insiders own 2.00% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Wells Fargo & Company upped their target price on T. Rowe Price Group from $98.00 to $108.00 and gave the company an "equal weight" rating in a research note on Friday, July 11th. Morgan Stanley upped their target price on T. Rowe Price Group from $112.00 to $116.00 and gave the company an "equal weight" rating in a research note on Monday, August 4th. JPMorgan Chase & Co. upped their target price 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. Cowen reissued a "hold" rating on shares of T. Rowe Price Group in a report on Monday, May 5th. Finally, Evercore ISI lifted their price objective on T. Rowe Price Group from $106.00 to $110.00 and gave the company an "in-line" rating in a report on Monday, August 4th. Eight research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus price target of $101.09.

T. Rowe Price Group Price Performance

Shares of NASDAQ:TROW traded up $3.76 during midday trading on Friday, reaching $108.29. The company's stock had a trading volume of 1,333,258 shares, compared to its average volume of 1,472,118. 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 capitalization of $23.79 billion, a P/E ratio of 12.10, a P/E/G ratio of 2.74 and a beta of 1.47. The business's fifty day simple moving average is $102.12 and its 200-day simple moving average is $97.60.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last announced 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. T. Rowe Price Group had a return on equity of 19.77% and a net margin of 28.72%.The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same period last year, the company posted $2.26 earnings per share. The firm's quarterly revenue was down .6% compared to the same quarter last year. On average, analysts forecast that T. Rowe Price Group, Inc. will post 9.29 earnings per share for the current fiscal year.

T. Rowe Price Group Dividend Announcement

The firm 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 4.7%. T. Rowe Price Group's dividend payout ratio (DPR) is 56.76%.

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.