National Pension Service Has $36.79 Million Stock Holdings in T. Rowe Price Group, Inc. $TROW

Key Points

• National Pension Service has increased its holdings in T. Rowe Price Group by 11.2%, owning 400,461 shares valued at approximately $36.79 million as of the latest SEC filing.
• Multiple institutional investors have also recently invested in T. Rowe Price Group, which is now 73.39% owned by such entities, indicating strong interest in the asset management firm.
• T. Rowe Price Group announced a quarterly dividend of $1.27 per share, resulting in an annualized dividend yield of 4.7%, to be paid on September 29th.

National Pension Service lifted its position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 11.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 400,461 shares of the asset manager's stock after buying an additional 40,195 shares during the period. National Pension Service owned about 0.18% of T. Rowe Price Group worth $36,790,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of T. Rowe Price Group by 0.9% during the first quarter. Vanguard Group Inc. now owns 26,286,393 shares of the asset manager's stock worth $2,414,931,000 after buying an additional 222,556 shares during the period. Charles Schwab Investment Management Inc. boosted its position in T. Rowe Price Group by 7.2% during 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 during the last quarter. Fayez Sarofim & Co lifted its position in shares of T. Rowe Price Group by 7.6% in the fourth quarter. Fayez Sarofim & Co now owns 6,052,469 shares of the asset manager's stock valued at $684,474,000 after buying an additional 425,142 shares during the last quarter. Invesco Ltd. lifted its position 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 buying an additional 1,035,865 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of T. Rowe Price Group by 10.0% in the fourth quarter. Northern Trust Corp now owns 2,290,739 shares of the asset manager's stock valued at $259,060,000 after buying an additional 208,304 shares during the last quarter. 73.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other T. Rowe Price Group 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 transaction of $190,860.00. Following the transaction, the vice president owned 44,789 shares in the company, valued at $4,274,214.27. This trade represents a 4.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is currently owned by company insiders.

T. Rowe Price Group Price Performance

T. Rowe Price Group stock traded down $0.6160 during mid-day trading on Wednesday, reaching $105.6840. 602,177 shares of the company were exchanged, compared to its average volume of 1,792,286. The company has a fifty day simple moving average of $101.38 and a 200-day simple moving average of $97.67. T. Rowe Price Group, Inc. has a 12 month low of $77.85 and a 12 month high of $125.81. The firm has a market cap of $23.22 billion, a PE ratio of 11.80, a PEG ratio of 2.90 and a beta of 1.47.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The asset manager reported $2.24 EPS for the quarter, topping 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 firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same quarter last year, the company earned $2.26 EPS. The company's revenue was down .6% on a year-over-year basis. Sell-side analysts anticipate that T. Rowe Price Group, Inc. will post 9.29 earnings per share for the current year.

T. Rowe Price Group Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. raised their price objective on T. Rowe Price Group from $98.00 to $102.00 and gave the company an "underweight" rating in a research report on Monday, August 4th. Cowen reaffirmed a "hold" rating on shares of T. Rowe Price Group in a research report on Monday, May 5th. Keefe, Bruyette & Woods increased their target price on T. Rowe Price Group from $110.00 to $112.00 and gave the stock a "market perform" rating in a research note on Monday, August 4th. Morgan Stanley increased their target price on T. Rowe Price Group from $112.00 to $116.00 and gave the stock an "equal weight" rating in a research note on Monday, August 4th. Finally, Barclays reiterated an "underweight" rating and set 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. Eight analysts have rated the stock with a Hold rating and four have given a Sell rating to the company's stock. According to data from MarketBeat, T. Rowe Price Group currently has an average rating of "Reduce" and an average target price of $101.09.

About T. Rowe Price Group

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.