T. Rowe Price Group, Inc. $TROW Shares Acquired by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. increased its stake in T. Rowe Price by 17.4% in Q4, buying 11,691 shares to own 79,003 shares valued at about $8.09 million.
• T. Rowe Price raised its quarterly dividend to $1.30 (annualized $5.20), yielding about 5.4% with a payout ratio of 56.22%.
• The company reported $2.44 EPS for the quarter (missing estimates by $0.03) with revenue up 6% year-over-year to $1.93 billion, and analysts carry an average "Reduce" rating and $97.38 target price.

Robeco Institutional Asset Management B.V. lifted its stake in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 17.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 79,003 shares of the asset manager's stock after purchasing an additional 11,691 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in T. Rowe Price Group were worth $8,088,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Essex Bank raised its position in shares of T. Rowe Price Group by 3.6% during the 3rd quarter. Essex Bank now owns 2,914 shares of the asset manager's stock worth $299,000 after purchasing an additional 100 shares during the period. PFG Investments LLC raised its position in shares of T. Rowe Price Group by 4.8% during the 3rd quarter. PFG Investments LLC now owns 2,249 shares of the asset manager's stock worth $231,000 after purchasing an additional 102 shares during the period. Fiduciary Trust Co raised its position in shares of T. Rowe Price Group by 4.5% during the 3rd quarter. Fiduciary Trust Co now owns 2,579 shares of the asset manager's stock worth $265,000 after purchasing an additional 111 shares during the period. Gotham Asset Management LLC raised its position in shares of T. Rowe Price Group by 0.3% during the 3rd quarter. Gotham Asset Management LLC now owns 36,900 shares of the asset manager's stock worth $3,787,000 after purchasing an additional 119 shares during the period. Finally, Logan Capital Management Inc. raised its position in shares of T. Rowe Price Group by 3.3% during the 3rd quarter. Logan Capital Management Inc. now owns 3,879 shares of the asset manager's stock worth $398,000 after purchasing an additional 123 shares during the period. 73.39% of the stock is currently owned by institutional investors and hedge funds.

T. Rowe Price Group Price Performance

TROW opened at $96.11 on Thursday. T. Rowe Price Group, Inc. has a 12 month low of $82.86 and a 12 month high of $118.22. The stock has a market cap of $20.91 billion, a P/E ratio of 10.39, a P/E/G ratio of 4.15 and a beta of 1.50. The stock's 50 day moving average price is $91.72 and its 200 day moving average price is $99.58.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last posted its earnings results on Wednesday, February 4th. The asset manager reported $2.44 EPS for the quarter, missing the consensus estimate of $2.47 by ($0.03). T. Rowe Price Group had a net margin of 28.53% and a return on equity of 20.29%. The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same quarter in the prior year, the business earned $2.12 earnings per share. The firm's revenue was up 6.0% compared to the same quarter last year. Equities analysts anticipate that T. Rowe Price Group, Inc. will post 9.29 EPS for the current year.

T. Rowe Price Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Monday, March 16th were paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend was Monday, March 16th. This is an increase from T. Rowe Price Group's previous quarterly dividend of $1.27. T. Rowe Price Group's dividend payout ratio is 56.22%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TROW. Deutsche Bank Aktiengesellschaft dropped their price target on T. Rowe Price Group from $106.00 to $100.00 and set a "hold" rating on the stock in a research report on Thursday, February 5th. The Goldman Sachs Group raised their target price on T. Rowe Price Group from $80.00 to $85.00 and gave the company a "sell" rating in a research report on Tuesday. Argus upgraded T. Rowe Price Group to a "hold" rating in a research report on Thursday, February 5th. Jefferies Financial Group lowered their target price on T. Rowe Price Group from $107.00 to $91.00 and set a "hold" rating on the stock in a research report on Wednesday, April 8th. Finally, Keefe, Bruyette & Woods lowered their target price on T. Rowe Price Group from $110.00 to $95.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 8th. Eleven investment analysts have rated the stock with a Hold rating and four have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Reduce" and an average target price of $97.38.

T. Rowe Price Group Company Profile

T. Rowe Price Group, Inc is a global investment management firm headquartered in Baltimore, Maryland, founded by Thomas Rowe Price Jr. in 1937. The company provides a broad range of investment products and services for individual investors, financial intermediaries, retirement plan sponsors and institutional clients. Its offerings are built around active investment management and in-house research across equity, fixed income and multi-asset strategies, reflecting a long history as a research-driven asset manager.

The firm's product lineup includes mutual funds, separate accounts, collective investment trusts, target-date and target-risk funds, and managed account solutions, as well as services for defined contribution and defined benefit retirement plans.

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