Robeco Institutional Asset Management B.V. Grows Stock Holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Robeco Institutional Asset Management B.V. boosted its position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 25.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 128,063 shares of the asset manager's stock after acquiring an additional 26,137 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.06% of T. Rowe Price Group worth $11,765,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in T. Rowe Price Group by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 26,063,837 shares of the asset manager's stock worth $2,947,559,000 after purchasing an additional 135,203 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of T. Rowe Price Group by 5.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,187,176 shares of the asset manager's stock worth $812,798,000 after buying an additional 346,369 shares in the last quarter. Fayez Sarofim & Co grew its position in shares of T. Rowe Price Group by 7.6% during the fourth quarter. Fayez Sarofim & Co now owns 6,052,469 shares of the asset manager's stock worth $684,474,000 after buying an additional 425,142 shares in the last quarter. Geode Capital Management LLC increased its position in shares of T. Rowe Price Group by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 5,631,429 shares of the asset manager's stock valued at $635,260,000 after purchasing an additional 116,231 shares during the last quarter. Finally, Invesco Ltd. raised its stake in T. Rowe Price Group by 1.7% in the fourth quarter. Invesco Ltd. now owns 2,397,819 shares of the asset manager's stock valued at $271,169,000 after buying an additional 40,514 shares in the last quarter. 73.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Dorothy C. Sawyer sold 2,000 shares of the firm's stock in a transaction dated Wednesday, June 11th. The shares were 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 owned 44,789 shares in the company, valued at $4,274,214.27. This trade represents a 4.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jessica M. Hiebler sold 968 shares of the 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 transaction, the insider directly owned 13,611 shares of the company's stock, valued at approximately $1,319,994.78. This trade represents a 6.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company's stock.

T. Rowe Price Group Stock Performance

T. Rowe Price Group stock traded up $0.45 during mid-day trading on Thursday, reaching $100.41. 924,241 shares of the company were exchanged, compared to its average volume of 1,530,177. The firm's 50-day simple moving average is $93.81 and its two-hundred day simple moving average is $100.07. T. Rowe Price Group, Inc. has a twelve month low of $77.85 and a twelve month high of $125.81. The firm has a market cap of $22.12 billion, a PE ratio of 11.38, a price-to-earnings-growth ratio of 3.20 and a beta of 1.49.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The asset manager reported $2.23 earnings per share for the quarter, topping the consensus estimate of $2.13 by $0.10. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. T. Rowe Price Group had a return on equity of 20.17% and a net margin of 28.38%. The company's revenue for the quarter was up .8% on a year-over-year basis. During the same period last year, the company earned $2.38 earnings per share. As a group, equities research analysts anticipate that T. Rowe Price Group, Inc. will post 9.29 EPS for the current year.

T. Rowe Price Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were paid a dividend of $1.27 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $5.08 dividend on an annualized basis and a dividend yield of 5.06%. T. Rowe Price Group's dividend payout ratio (DPR) is 57.60%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Wells Fargo & Company reduced their price objective on shares of T. Rowe Price Group from $116.00 to $98.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Cowen reaffirmed a "hold" rating on shares of T. Rowe Price Group in a report on Monday, May 5th. Morgan Stanley boosted their target price on T. Rowe Price Group from $95.00 to $104.00 and gave the company an "equal weight" rating in a report on Wednesday. Citigroup decreased their target price on T. Rowe Price Group from $100.00 to $95.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Finally, The Goldman Sachs Group cut their price target on T. Rowe Price Group from $89.00 to $80.00 and set a "sell" rating on the stock in a research report on Monday, April 14th. Four research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $94.91.

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.