Fort Washington Investment Advisors Inc. OH Has $27.91 Million Stock Holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Fort Washington Investment Advisors Inc. OH raised its stake in T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 7.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 303,833 shares of the asset manager's stock after buying an additional 21,759 shares during the period. Fort Washington Investment Advisors Inc. OH owned approximately 0.14% of T. Rowe Price Group worth $27,913,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of TROW. Glenview Trust co grew 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 worth $488,000 after acquiring an additional 92 shares during the last quarter. Addison Advisors LLC increased its stake in T. Rowe Price Group by 67.4% in the 4th quarter. Addison Advisors LLC now owns 231 shares of the asset manager's stock worth $26,000 after purchasing an additional 93 shares in the last quarter. Advantage Trust Co raised its holdings in T. Rowe Price Group by 48.8% during the 4th quarter. Advantage Trust Co now owns 305 shares of the asset manager's stock worth $34,000 after buying an additional 100 shares during the period. Valeo Financial Advisors LLC lifted its stake in T. Rowe Price Group by 3.5% during the fourth 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 fourth quarter. Strategy Asset Managers LLC now owns 2,277 shares of the asset manager's stock worth $258,000 after buying an additional 108 shares during the period. Institutional investors and hedge funds own 73.39% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Citigroup cut their price target on shares of T. Rowe Price Group from $100.00 to $95.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Evercore ISI cut their target price on shares of T. Rowe Price Group from $104.00 to $80.00 and set an "in-line" rating on the stock in a research note on Friday, April 11th. Bank of America reduced their target price on T. Rowe Price Group from $90.00 to $85.00 and set an "underperform" rating for the company in a report on Thursday, April 3rd. JPMorgan Chase & Co. decreased their target price 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, Morgan Stanley upped their price target on T. Rowe Price Group from $94.00 to $95.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. Four analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Based on data from MarketBeat, T. Rowe Price Group has a consensus rating of "Hold" and an average price target of $94.09.

T. Rowe Price Group Stock Down 3.2%

Shares of TROW traded down $3.00 during midday trading on Friday, reaching $91.58. 1,195,694 shares of the stock were exchanged, compared to its average volume of 1,506,909. The company has a market cap of $20.18 billion, a price-to-earnings ratio of 10.00, a P/E/G ratio of 2.86 and a beta of 1.49. The firm has a 50 day simple moving average of $91.43 and a 200-day simple moving average of $102.81. T. Rowe Price Group, Inc. has a 12-month low of $77.85 and a 12-month 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 earnings per share for the quarter, beating analysts' consensus estimates of $2.13 by $0.10. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. T. Rowe Price Group had a net margin of 29.61% and a return on equity of 20.83%. T. Rowe Price Group's revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the firm earned $2.38 EPS. Research analysts expect that T. Rowe Price Group, Inc. will post 9.29 earnings per share for the current fiscal year.

T. Rowe Price Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be paid a dividend of $1.27 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $5.08 annualized dividend and a dividend yield of 5.55%. T. Rowe Price Group's dividend payout ratio (DPR) is presently 57.60%.

Insider Activity

In related news, VP Dorothy C. Sawyer sold 2,000 shares of the stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $95.43, for a total transaction of $190,860.00. Following the completion of the sale, the vice president now owns 44,789 shares in the company, valued at $4,274,214.27. This represents a 4.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert F. Maclellan sold 3,955 shares of the firm's stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $91.56, for a total value of $362,119.80. Following the completion of the sale, the director now directly owns 42,979 shares in the company, valued at $3,935,157.24. This trade represents a 8.43% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,923 shares of company stock valued at $646,856. Insiders own 2.00% of the company's stock.

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.