T. Rowe Price Group, Inc. (NASDAQ:TROW) Shares Sold by Rowlandmiller & PARTNERS.ADV

Rowlandmiller & PARTNERS.ADV decreased its holdings in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 7.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 38,201 shares of the asset manager's stock after selling 3,020 shares during the period. Rowlandmiller & PARTNERS.ADV's holdings in T. Rowe Price Group were worth $3,510,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Glenview Trust co boosted its holdings in shares of T. Rowe Price Group by 2.2% in the 4th quarter. Glenview Trust co now owns 4,318 shares of the asset manager's stock valued at $488,000 after buying an additional 92 shares in the last quarter. Addison Advisors LLC boosted its holdings in shares of T. Rowe Price Group by 67.4% in 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 in the last quarter. Advantage Trust Co boosted its holdings in shares of T. Rowe Price Group by 48.8% in the 4th quarter. Advantage Trust Co now owns 305 shares of the asset manager's stock valued at $34,000 after buying an additional 100 shares in the last quarter. Valeo Financial Advisors LLC boosted its holdings in shares of T. Rowe Price Group by 3.5% in the 4th quarter. Valeo Financial Advisors LLC now owns 2,996 shares of the asset manager's stock valued at $339,000 after buying an additional 102 shares in the last quarter. Finally, Strategy Asset Managers LLC boosted its holdings in shares of T. Rowe Price Group by 5.0% in the 4th quarter. Strategy Asset Managers LLC now owns 2,277 shares of the asset manager's stock valued at $258,000 after buying an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 73.39% of the company's stock.

T. Rowe Price Group Stock Performance

TROW stock traded down $0.52 during midday trading on Thursday, reaching $94.58. 1,248,524 shares of the company were exchanged, compared to its average volume of 1,506,432. The company has a market cap of $20.84 billion, a price-to-earnings ratio of 10.33, a price-to-earnings-growth ratio of 2.86 and a beta of 1.49. The stock's 50-day simple moving average is $91.43 and its 200 day simple moving average is $102.81. 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 posted its quarterly earnings data on Friday, May 2nd. The asset manager reported $2.23 earnings per share for the quarter, beating analysts' consensus estimates of $2.13 by $0.10. T. Rowe Price Group had a net margin of 29.61% and a return on equity of 20.83%. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period last year, the firm posted $2.38 EPS. T. Rowe Price Group's quarterly revenue was up .8% on a year-over-year basis. On average, research 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 company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be paid a $1.27 dividend. This represents a $5.08 annualized dividend and a yield of 5.37%. The ex-dividend date of this dividend is Friday, June 13th. T. Rowe Price Group's payout ratio is 57.60%.

Analyst Ratings Changes

A number of analysts recently commented on TROW shares. Citigroup lowered their target price on shares of T. Rowe Price Group from $100.00 to $95.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Cowen reiterated a "hold" rating on shares of T. Rowe Price Group in a research note on Monday, May 5th. Evercore ISI lowered their target price on shares of T. Rowe Price Group from $104.00 to $80.00 and set an "in-line" rating for the company in a research note on Friday, April 11th. TD Cowen lowered their target price on shares of T. Rowe Price Group from $112.00 to $89.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. Finally, Morgan Stanley lifted their price objective on shares of T. Rowe Price Group from $94.00 to $95.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Four equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $94.09.

Insider Activity at T. Rowe Price Group

In related news, Director Robert F. Maclellan sold 3,955 shares of the stock in a transaction that occurred on 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 of the company's stock, valued at approximately $3,935,157.24. This represents a 8.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jessica M. Hiebler sold 968 shares of the company's 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 completion of the transaction, the insider now owns 13,611 shares of the company's stock, valued at approximately $1,319,994.78. This represents a 6.64% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,923 shares of company stock valued at $646,856. 2.00% of the stock is owned by insiders.

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.