B. Metzler seel. Sohn & Co. AG Purchases 3,248 Shares of T. Rowe Price Group, Inc. $TROW

Key Points

• B. Metzler seel. Sohn & Co. AG increased its holdings in T. Rowe Price Group by 12.9%, acquiring an additional 3,248 shares, bringing their total shares to 28,473, valued at approximately $2.6 million.
• Several analysts have raised their price targets for T. Rowe Price Group, with Wells Fargo increasing it from $98 to $108, and the stock currently has an average target price of $101.09.
• T. Rowe Price Group recently declared a quarterly dividend of $1.27 per share, with a yield of 4.7%, set to be paid on September 29th.

B. Metzler seel. Sohn & Co. AG increased its holdings in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 12.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,473 shares of the asset manager's stock after buying an additional 3,248 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in T. Rowe Price Group were worth $2,616,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of TROW. Zions Bancorporation National Association UT purchased a new position in T. Rowe Price Group in the first quarter valued at about $27,000. Ameriflex Group Inc. acquired a new position in shares of T. Rowe Price Group during the 4th quarter worth about $42,000. Hexagon Capital Partners LLC lifted its position in shares of T. Rowe Price Group by 44.8% during the 1st quarter. Hexagon Capital Partners LLC now owns 365 shares of the asset manager's stock worth $34,000 after purchasing an additional 113 shares during the last quarter. Smallwood Wealth Investment Management LLC acquired a new position in T. Rowe Price Group in the 1st quarter valued at approximately $39,000. Finally, Chilton Capital Management LLC acquired a new position in T. Rowe Price Group in the 1st quarter valued at approximately $41,000. Hedge funds and other institutional investors own 73.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Wells Fargo & Company upped their price target on T. Rowe Price Group from $98.00 to $108.00 and gave the company an "equal weight" rating in a report on Friday, July 11th. JPMorgan Chase & Co. upped their price target on T. Rowe Price Group from $98.00 to $102.00 and gave the company an "underweight" rating in a report on Monday, August 4th. Evercore ISI upped their price objective on T. Rowe Price Group from $106.00 to $110.00 and gave the company an "in-line" rating in a research note on Monday, August 4th. Keefe, Bruyette & Woods upped their price objective on T. Rowe Price Group from $110.00 to $112.00 and gave the company a "market perform" rating in a research note on Monday, August 4th. Finally, Barclays reiterated an "underweight" rating and issued a $95.00 price objective (up from $91.00) on shares of T. Rowe Price Group in a research note on Monday, August 4th. Eight investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus target price of $101.09.

T. Rowe Price Group Trading Down 0.1%

NASDAQ TROW traded down $0.15 during trading hours on Wednesday, reaching $105.46. 285,685 shares of the company's stock were exchanged, compared to its average volume of 1,756,905. The stock has a market cap of $23.17 billion, a PE ratio of 11.79, a price-to-earnings-growth ratio of 2.81 and a beta of 1.51. T. Rowe Price Group, Inc. has a one year low of $77.85 and a one year high of $125.81. The firm has a fifty day moving average of $104.19 and a 200-day moving average of $97.46.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The asset manager reported $2.24 EPS for the quarter, topping analysts' consensus estimates of $2.15 by $0.09. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.72 billion. T. Rowe Price Group had a return on equity of 19.77% and a net margin of 28.72%.T. Rowe Price Group's revenue for the quarter was down .6% on a year-over-year basis. During the same period in the prior year, the company earned $2.26 EPS. As a group, research analysts forecast that T. Rowe Price Group, Inc. will post 9.29 EPS for the current year.

T. Rowe Price Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be given a dividend of $1.27 per share. The ex-dividend date is Monday, September 15th. This represents a $5.08 dividend on an annualized basis and a yield of 4.8%. T. Rowe Price Group's dividend payout ratio is 56.76%.

Insider Buying and Selling

In other T. Rowe Price Group news, VP Dorothy C. Sawyer sold 2,000 shares of the stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $95.43, for a total value of $190,860.00. Following the transaction, the vice president directly owned 44,789 shares in the company, valued at approximately $4,274,214.27. This trade represents a 4.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is currently owned by company insiders.

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.