Polianta Ltd Makes New Investment in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Polianta Ltd acquired a new position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 12,300 shares of the asset manager's stock, valued at approximately $1,130,000.

Several other hedge funds have also modified their holdings of TROW. Addison Advisors LLC grew its stake in shares of T. Rowe Price Group by 67.4% during the 4th quarter. Addison Advisors LLC now owns 231 shares of the asset manager's stock valued at $26,000 after buying an additional 93 shares during the period. Curio Wealth LLC acquired a new position in T. Rowe Price Group in the fourth quarter valued at $27,000. Stonebridge Financial Group LLC purchased a new stake in T. Rowe Price Group during the fourth quarter valued at about $32,000. Advantage Trust Co grew its position in T. Rowe Price Group by 48.8% during the fourth quarter. Advantage Trust Co now owns 305 shares of the asset manager's stock valued at $34,000 after acquiring an additional 100 shares during the period. Finally, Ameriflex Group Inc. acquired a new stake in T. Rowe Price Group during the fourth quarter worth about $42,000. 73.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TROW. Bank of America reduced their price objective on T. Rowe Price Group from $90.00 to $85.00 and set an "underperform" rating on the stock in a research note on Thursday, April 3rd. Morgan Stanley boosted their price objective on shares of T. Rowe Price Group from $94.00 to $95.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. Citigroup cut their target price on shares of T. Rowe Price Group from $100.00 to $95.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Barclays lifted their target price on shares of T. Rowe Price Group from $85.00 to $90.00 and gave the company an "underweight" rating in a report on Monday, May 5th. Finally, Evercore ISI lowered their price target on T. Rowe Price Group from $104.00 to $80.00 and set an "in-line" rating for the company in a report on Friday, April 11th. Four analysts have rated the stock with a sell rating and nine have given a hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $94.09.

Insider Buying and Selling at T. Rowe Price Group

In other T. Rowe Price Group news, insider Jessica M. Hiebler sold 968 shares of the firm's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $96.98, for a total transaction of $93,876.64. Following the completion of the transaction, the insider now directly owns 13,611 shares of the company's stock, valued at $1,319,994.78. This trade represents a 6.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert F. Maclellan sold 3,955 shares of the company's stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $91.56, for a total transaction of $362,119.80. Following the completion of the sale, the director now owns 42,979 shares in the company, valued at approximately $3,935,157.24. This trade represents a 8.43% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,923 shares of company stock valued at $646,856 in the last three months. Corporate insiders own 2.00% of the company's stock.

T. Rowe Price Group Trading Down 3.2%

TROW stock traded down $3.00 during trading on Friday, reaching $91.58. The stock had a trading volume of 1,195,694 shares, compared to its average volume of 1,506,909. The firm has a fifty day moving average price of $91.43 and a 200 day moving average price of $102.81. The company has a market capitalization of $20.18 billion, a P/E ratio of 10.00, a PEG ratio of 2.86 and a beta of 1.49. T. Rowe Price Group, Inc. has a 1-year low of $77.85 and a 1-year high of $125.81.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The asset manager reported $2.23 EPS for the quarter, topping the consensus estimate of $2.13 by $0.10. The business had revenue of $1.76 billion for the quarter, compared to analysts' expectations of $1.80 billion. T. Rowe Price Group had a return on equity of 20.83% and a net margin of 29.61%. The company's revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.38 earnings per share. Sell-side analysts predict 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 announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given a $1.27 dividend. This represents a $5.08 dividend on an annualized basis and a dividend yield of 5.55%. The ex-dividend date is Friday, June 13th. T. Rowe Price Group's payout ratio is 57.60%.

T. Rowe Price Group Company 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.