Siemens Fonds Invest GmbH Increases Stock Holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Siemens Fonds Invest GmbH increased its position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 1,019.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,378 shares of the asset manager's stock after purchasing an additional 46,787 shares during the quarter. Siemens Fonds Invest GmbH's holdings in T. Rowe Price Group were worth $5,810,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of TROW. Addison Advisors LLC raised its stake in T. Rowe Price Group by 67.4% during the fourth quarter. Addison Advisors LLC now owns 231 shares of the asset manager's stock worth $26,000 after acquiring an additional 93 shares in the last quarter. Curio Wealth LLC acquired a new position in T. Rowe Price Group during the fourth quarter worth about $27,000. Y.D. More Investments Ltd raised its stake in T. Rowe Price Group by 124.0% during the fourth quarter. Y.D. More Investments Ltd now owns 280 shares of the asset manager's stock worth $32,000 after acquiring an additional 155 shares in the last quarter. Stonebridge Financial Group LLC acquired a new position in T. Rowe Price Group during the fourth quarter worth about $32,000. Finally, Advantage Trust Co raised its stake 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 worth $34,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 73.39% of the company's stock.

T. Rowe Price Group Stock Down 1.0%

Shares of TROW traded down $0.98 during mid-day trading on Friday, hitting $93.33. 2,885,583 shares of the company's stock traded hands, compared to its average volume of 1,500,863. The firm has a market capitalization of $20.56 billion, a P/E ratio of 10.19, a PEG ratio of 2.86 and a beta of 1.50. The business's 50-day moving average price is $90.66 and its 200-day moving average price is $104.36. 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 announced its earnings results on Friday, May 2nd. The asset manager reported $2.23 EPS for the quarter, beating analysts' consensus estimates of $2.13 by $0.10. The firm had revenue of $1.76 billion for the quarter, compared to analysts' expectations of $1.80 billion. T. Rowe Price Group had a net margin of 29.61% and a return on equity of 20.83%. The company's quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.38 EPS. Sell-side analysts anticipate 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 Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a dividend of $1.27 per share. This represents a $5.08 dividend on an annualized basis and a dividend yield of 5.44%. The ex-dividend date is Friday, June 13th. T. Rowe Price Group's dividend payout ratio is 57.60%.

Insider Activity

In related news, Director Robert F. Maclellan sold 3,955 shares of the stock in a transaction on Monday, March 31st. The stock was sold at an average price of $91.56, for a total transaction of $362,119.80. Following the sale, the director now directly owns 42,979 shares of the company's stock, valued at $3,935,157.24. This trade represents a 8.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jessica M. Hiebler sold 968 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $96.98, for a total value of $93,876.64. Following the sale, the insider now directly owns 13,611 shares in the company, valued at $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. Company insiders own 2.00% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on TROW shares. Wells Fargo & Company lowered their price objective on T. Rowe Price Group from $116.00 to $98.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. 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 report on Monday, April 14th. Evercore ISI cut their target price on T. Rowe Price Group from $104.00 to $80.00 and set an "in-line" rating on the stock in a report on Friday, April 11th. JPMorgan Chase & Co. lowered their price target on T. Rowe Price Group from $110.00 to $90.00 and set an "underweight" rating for the company in a research report on Wednesday, April 16th. Finally, Wall Street Zen lowered T. Rowe Price Group from a "buy" rating to a "hold" rating in a research report on Sunday, February 2nd. Four analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $94.09.

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.