Lbp Am Sa Has $13.03 Million Position in T. Rowe Price Group, Inc. (NASDAQ:TROW)

LBP AM SA cut its holdings in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 3.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 141,830 shares of the asset manager's stock after selling 5,536 shares during the period. LBP AM SA owned 0.06% of T. Rowe Price Group worth $13,030,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted 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 acquiring an additional 135,203 shares during the last quarter. Fayez Sarofim & Co boosted its stake in T. Rowe Price Group by 7.6% during the 4th quarter. Fayez Sarofim & Co now owns 6,052,469 shares of the asset manager's stock worth $684,474,000 after acquiring an additional 425,142 shares during the last quarter. Geode Capital Management LLC boosted its stake in T. Rowe Price Group by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 5,631,429 shares of the asset manager's stock worth $635,260,000 after acquiring an additional 116,231 shares during the last quarter. Invesco Ltd. boosted its stake in T. Rowe Price Group by 1.7% during the 4th quarter. Invesco Ltd. now owns 2,397,819 shares of the asset manager's stock worth $271,169,000 after acquiring an additional 40,514 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in T. Rowe Price Group by 10.0% during the 4th quarter. Northern Trust Corp now owns 2,290,739 shares of the asset manager's stock worth $259,060,000 after acquiring an additional 208,304 shares during the last quarter. Institutional investors and hedge funds own 73.39% of the company's stock.

Insiders Place Their Bets

In other T. Rowe Price Group news, insider Jessica M. Hiebler sold 968 shares of the company's 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 transaction, the insider directly owned 13,611 shares in the company, valued at $1,319,994.78. The trade was a 6.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Dorothy C. Sawyer sold 2,000 shares of the company's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $95.43, for a total transaction of $190,860.00. Following the completion of the transaction, the vice president owned 44,789 shares in the company, valued at approximately $4,274,214.27. This represents a 4.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Barclays lifted their price target on shares of T. Rowe Price Group from $85.00 to $90.00 and gave the company an "underweight" rating in a research note on Monday, May 5th. Bank of America cut their price target 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. 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 research note on Monday, April 14th. Morgan Stanley lifted their price target on shares of T. Rowe Price Group from $95.00 to $104.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 2nd. Finally, TD Cowen cut their price target on shares of T. Rowe Price Group from $112.00 to $89.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Four analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. Based on data from MarketBeat.com, T. Rowe Price Group has an average rating of "Hold" and a consensus price target of $94.91.

T. Rowe Price Group Stock Up 1.7%

Shares of TROW stock traded up $1.71 during trading on Wednesday, reaching $101.45. The company's stock had a trading volume of 1,756,628 shares, compared to its average volume of 1,537,093. The company has a market cap of $22.35 billion, a price-to-earnings ratio of 11.50, a price-to-earnings-growth ratio of 3.17 and a beta of 1.49. T. Rowe Price Group, Inc. has a one year low of $77.85 and a one year high of $125.81. The business has a fifty day moving average price of $94.69 and a 200-day moving average price of $99.51.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last issued its earnings results on Friday, May 2nd. The asset manager reported $2.23 earnings per share for the quarter, topping 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 28.38% and a return on equity of 20.17%. The firm's revenue for the quarter was up .8% on a year-over-year basis. During the same period in the previous year, the company earned $2.38 earnings per share. 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 announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were issued 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 yield of 5.01%. T. Rowe Price Group's payout ratio is 57.60%.

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.