T. Rowe Price Group, Inc. (NASDAQ:TROW) Shares Acquired by Achmea Investment Management B.V.

Achmea Investment Management B.V. boosted its stake in T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 36.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 212,742 shares of the asset manager's stock after acquiring an additional 57,346 shares during the period. Achmea Investment Management B.V. owned 0.10% of T. Rowe Price Group worth $19,545,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in TROW. Glenview Trust co grew its stake in T. Rowe Price Group by 2.2% in the fourth quarter. Glenview Trust co now owns 4,318 shares of the asset manager's stock worth $488,000 after purchasing an additional 92 shares in the last quarter. Strategy Asset Managers LLC increased 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 acquiring an additional 108 shares during the last quarter. Wealthcare Capital Partners LLC raised its position in shares of T. Rowe Price Group by 1.2% during the 1st quarter. Wealthcare Capital Partners LLC now owns 9,429 shares of the asset manager's stock valued at $866,000 after acquiring an additional 115 shares in the last quarter. Cullen Investment Group LTD. lifted its stake in T. Rowe Price Group by 0.9% during the first quarter. Cullen Investment Group LTD. now owns 13,554 shares of the asset manager's stock worth $1,245,000 after purchasing an additional 117 shares during the last quarter. Finally, IFP Advisors Inc lifted its position in shares of T. Rowe Price Group by 3.2% in the 4th quarter. IFP Advisors Inc now owns 3,792 shares of the asset manager's stock worth $429,000 after buying an additional 119 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 T. Rowe Price Group stock in a transaction dated 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 now directly owns 44,789 shares in the company, valued at approximately $4,274,214.27. The trade was a 4.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jessica M. Hiebler sold 968 shares of the business's stock in a transaction dated Monday, May 12th. The shares were 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 directly owns 13,611 shares of the company's stock, valued at approximately $1,319,994.78. The trade was a 6.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,923 shares of company stock valued at $646,856 over the last three months. Company insiders own 2.00% of the company's stock.

T. Rowe Price Group Trading Up 1.3%

Shares of TROW stock opened at $96.18 on Friday. The firm has a market capitalization of $21.19 billion, a price-to-earnings ratio of 10.90, a PEG ratio of 3.08 and a beta of 1.49. The firm's 50 day moving average is $92.83 and its 200-day moving average is $100.71. 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 earnings results on Friday, May 2nd. The asset manager reported $2.23 EPS for the quarter, beating the consensus estimate of $2.13 by $0.10. T. Rowe Price Group had a return on equity of 20.17% and a net margin of 28.38%. The company had revenue of $1.76 billion during the quarter, compared to analysts' expectations of $1.80 billion. During the same period last year, the firm earned $2.38 EPS. The business's revenue for the quarter was up .8% on a year-over-year basis. On average, equities research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a $1.27 dividend. The ex-dividend date is Friday, June 13th. This represents a $5.08 dividend on an annualized basis and a yield of 5.28%. T. Rowe Price Group's payout ratio is presently 57.60%.

Wall Street Analyst Weigh In

Several research analysts have commented on TROW shares. JPMorgan Chase & Co. decreased their target price on shares of 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. Morgan Stanley increased their target price 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. Cowen restated a "hold" rating on shares of T. Rowe Price Group in a report on Monday, May 5th. Bank of America dropped their price objective on shares of 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. Finally, Citigroup dropped their target price on T. Rowe Price Group from $100.00 to $95.00 and set a "neutral" 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 issued a hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus 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.

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