T. Rowe Price Group, Inc. $TROW Shares Bought by Cwm LLC

Key Points

• Cwm LLC increased its stake in T. Rowe Price Group, Inc. by 10.0% during the second quarter, now owning 158,888 shares valued at approximately $15.3 million.
• In recent analyst activity, Morgan Stanley raised its price target for T. Rowe Price Group from $116.00 to $125.00, while the company has a consensus rating of "Reduce" with an average target price of $106.38.
• T. Rowe Price Group declared a quarterly dividend of $1.27 per share, representing an annualized yield of 4.8%, with a payout ratio of 56.76%.

Cwm LLC increased its stake in T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 10.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 158,888 shares of the asset manager's stock after purchasing an additional 14,420 shares during the period. Cwm LLC owned 0.07% of T. Rowe Price Group worth $15,333,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of TROW. GAMMA Investing LLC boosted its stake in T. Rowe Price Group by 5.1% in the 1st quarter. GAMMA Investing LLC now owns 3,627 shares of the asset manager's stock worth $333,000 after purchasing an additional 176 shares in the last quarter. CX Institutional acquired a new stake in T. Rowe Price Group in the 1st quarter worth approximately $57,000. Exchange Traded Concepts LLC boosted its stake in 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 in the last quarter. Bank Pictet & Cie Europe AG acquired a new stake in T. Rowe Price Group in the 1st quarter worth approximately $226,000. Finally, Brown Miller Wealth Management LLC purchased a new position in T. Rowe Price Group during the 1st quarter worth approximately $289,000. 73.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at T. Rowe Price Group

In related news, Director Robert F. Maclellan sold 3,090 shares of T. Rowe Price Group stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $105.01, for a total value of $324,480.90. Following the sale, the director owned 47,335 shares of the company's stock, valued at approximately $4,970,648.35. This trade represents a 6.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

TROW has been the subject of a number of recent research reports. Morgan Stanley raised their price target on shares of T. Rowe Price Group from $116.00 to $125.00 and gave the stock a "positive" rating in a research report on Monday, October 6th. Barclays reissued an "underweight" rating and set a $95.00 price target (up from $91.00) on shares of T. Rowe Price Group in a research report on Monday, August 4th. Wells Fargo & Company raised their price target on shares of T. Rowe Price Group from $98.00 to $108.00 and gave the stock an "equal weight" rating in a research report on Friday, July 11th. Deutsche Bank Aktiengesellschaft raised their price target on shares of T. Rowe Price Group from $109.00 to $114.00 and gave the stock a "hold" rating in a research report on Thursday, October 9th. Finally, TD Cowen raised their price target on shares of T. Rowe Price Group from $103.00 to $108.00 and gave the stock a "hold" rating in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat.com, T. Rowe Price Group has a consensus rating of "Reduce" and a consensus price target of $106.38.

T. Rowe Price Group Price Performance

NASDAQ:TROW opened at $105.36 on Tuesday. The firm has a market cap of $23.15 billion, a price-to-earnings ratio of 11.77, a price-to-earnings-growth ratio of 6.51 and a beta of 1.50. The company has a 50 day moving average price of $105.81 and a 200-day moving average price of $98.58. T. Rowe Price Group, Inc. has a 1-year low of $77.85 and a 1-year high of $125.81.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last posted its earnings results on Friday, August 1st. The asset manager reported $2.24 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.09. The firm 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 quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.26 EPS. On average, sell-side analysts anticipate 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 company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 15th were issued a dividend of $1.27 per share. This represents a $5.08 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend was Monday, September 15th. T. Rowe Price Group's payout ratio is 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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