T. Rowe Price Group, Inc. (NASDAQ:TROW) Stock Holdings Raised by Invesco Ltd.

Key Points

• Invesco Ltd. increased its stake in T. Rowe Price Group by 43.2%, owning a total of 3,433,684 shares worth $315,453,000 as of the latest SEC filing.
• Several other institutional investors also heightened their positions in T. Rowe Price, with significant increases from firms like Wealthfront Advisers LLC, which boosted its holdings by 109.2%.
• T. Rowe Price recently declared a quarterly dividend of $1.27, representing an annualized yield of 4.8% with a payout ratio of 56.76%.

Invesco Ltd. raised its stake in T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 43.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 3,433,684 shares of the asset manager's stock after purchasing an additional 1,035,865 shares during the period. Invesco Ltd. owned 1.56% of T. Rowe Price Group worth $315,453,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Exchange Traded Concepts LLC increased its position in shares of T. Rowe Price Group by 27.9% in the 1st quarter. Exchange Traded Concepts LLC now owns 971 shares of the asset manager's stock worth $89,000 after purchasing an additional 212 shares during the last quarter. Wealthfront Advisers LLC increased its position in shares of T. Rowe Price Group by 109.2% in the 1st quarter. Wealthfront Advisers LLC now owns 69,326 shares of the asset manager's stock worth $6,369,000 after purchasing an additional 36,190 shares during the last quarter. Mather Group LLC. boosted its holdings in shares of T. Rowe Price Group by 11.9% in the 1st quarter. Mather Group LLC. now owns 135,571 shares of the asset manager's stock valued at $12,455,000 after buying an additional 14,371 shares during the period. GAMMA Investing LLC grew its position in shares of T. Rowe Price Group by 9,555.5% during the 1st quarter. GAMMA Investing LLC now owns 333,212 shares of the asset manager's stock valued at $30,612,000 after buying an additional 329,761 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of T. Rowe Price Group by 12.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 213,769 shares of the asset manager's stock valued at $19,575,000 after buying an additional 24,323 shares during the last quarter. Institutional investors own 73.39% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on TROW shares. Barclays reaffirmed an "underweight" rating and set a $95.00 price objective (up previously from $91.00) on shares of T. Rowe Price Group in a research report on Monday, August 4th. Keefe, Bruyette & Woods boosted their price objective on shares of T. Rowe Price Group from $110.00 to $112.00 and gave the company a "market perform" rating in a research report on Monday, August 4th. JPMorgan Chase & Co. boosted their price objective on shares of T. Rowe Price Group from $98.00 to $102.00 and gave the company an "underweight" rating in a research report on Monday, August 4th. Wells Fargo & Company boosted their price objective on shares of T. Rowe Price Group from $98.00 to $108.00 and gave the company an "equal weight" rating in a research report on Friday, July 11th. Finally, Morgan Stanley boosted their price objective on shares of T. Rowe Price Group from $112.00 to $116.00 and gave the company an "equal weight" rating in a research report on Monday, August 4th. Four research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company's stock. According to data from MarketBeat, T. Rowe Price Group presently has an average rating of "Hold" and an average target price of $101.09.

Insider Buying and Selling at T. Rowe Price Group

In other news, VP Dorothy C. Sawyer sold 2,000 shares of the company's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $95.43, for a total value of $190,860.00. Following the completion of the sale, the vice president directly owned 44,789 shares of the company's stock, valued at approximately $4,274,214.27. This represents a 4.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.60% of the company's stock.

T. Rowe Price Group Trading Up 0.2%

NASDAQ TROW opened at $105.27 on Tuesday. T. Rowe Price Group, Inc. has a 52 week low of $77.85 and a 52 week high of $125.81. The stock has a market cap of $23.13 billion, a price-to-earnings ratio of 11.76, a price-to-earnings-growth ratio of 2.86 and a beta of 1.47. The company has a 50-day moving average price of $99.76 and a two-hundred day moving average price of $97.87.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The asset manager reported $2.24 earnings per share for the quarter, topping analysts' consensus estimates of $2.15 by $0.09. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.72 billion. T. Rowe Price Group had a net margin of 28.72% and a return on equity of 19.77%. The business's revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the prior year, the business posted $2.26 EPS. As a group, equities 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 15th will be paid a $1.27 dividend. This represents a $5.08 dividend on an annualized basis and a dividend yield of 4.8%. T. Rowe Price Group's dividend payout ratio is currently 56.76%.

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.

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