Campbell & CO Investment Adviser LLC Has $4.27 Million Stake in T. Rowe Price Group, Inc. $TROW

Key Points

• Campbell & CO Investment Adviser LLC significantly increased its stake in T. Rowe Price Group, raising its position by 236.2% and owning a total of 46,523 shares valued at approximately $4.27 million.
• Several large investors also boosted their holdings in T. Rowe Price Group, with GAMMA Investing LLC increasing its stake by an astonishing 9,555.5%, now owning 333,212 shares worth about $30.61 million.
• The company announced a quarterly dividend of $1.27 per share, yielding 4.7%, which will be paid on September 29th, with an ex-dividend date of September 15th.

Campbell & CO Investment Adviser LLC lifted its position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 236.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,523 shares of the asset manager's stock after purchasing an additional 32,687 shares during the period. Campbell & CO Investment Adviser LLC's holdings in T. Rowe Price Group were worth $4,274,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. AIMZ Investment Advisors LLC grew its holdings in shares of T. Rowe Price Group by 7.9% during the first quarter. AIMZ Investment Advisors LLC now owns 49,724 shares of the asset manager's stock worth $4,568,000 after purchasing an additional 3,639 shares during the last quarter. SVB Wealth LLC grew its holdings in shares of T. Rowe Price Group by 178.6% during the first quarter. SVB Wealth LLC now owns 12,163 shares of the asset manager's stock worth $1,117,000 after purchasing an additional 7,798 shares during the last quarter. RBO & Co. LLC grew its holdings in shares of T. Rowe Price Group by 7.8% during the first quarter. RBO & Co. LLC now owns 89,098 shares of the asset manager's stock worth $8,185,000 after purchasing an additional 6,480 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of T. Rowe Price Group by 15.7% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 34,040 shares of the asset manager's stock worth $3,127,000 after purchasing an additional 4,608 shares during the last quarter. Finally, Phoenix Wealth Advisors grew its holdings in shares of T. Rowe Price Group by 6.0% during the first quarter. Phoenix Wealth Advisors now owns 2,199 shares of the asset manager's stock worth $202,000 after purchasing an additional 125 shares during the last quarter. 73.39% of the stock is currently owned by institutional investors.

Insider Transactions at T. Rowe Price Group

In other T. Rowe Price Group news, VP Dorothy C. Sawyer sold 2,000 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at approximately $4,274,214.27. The trade was a 4.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.00% of the company's stock.

T. Rowe Price Group Stock Up 0.7%

TROW traded up $0.81 during trading on Wednesday, hitting $109.37. The company's stock had a trading volume of 933,594 shares, compared to its average volume of 1,464,928. T. Rowe Price Group, Inc. has a twelve month low of $77.85 and a twelve month high of $125.81. The stock's fifty day moving average price is $102.75 and its 200-day moving average price is $97.48. The firm has a market capitalization of $24.03 billion, a P/E ratio of 12.22, a PEG ratio of 2.83 and a beta of 1.47.

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 (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.09. T. Rowe Price Group had a return on equity of 19.77% and a net margin of 28.72%.The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same period in the previous year, the firm earned $2.26 earnings per share. The company's revenue was down .6% compared to the same quarter last year. Equities research analysts expect that T. Rowe Price Group, Inc. will post 9.29 EPS for the current fiscal year.

T. Rowe Price Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 15th will be paid a $1.27 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $5.08 annualized dividend and a yield of 4.6%. T. Rowe Price Group's payout ratio is 56.76%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TROW. Barclays restated an "underweight" rating and set a $95.00 price target (up from $91.00) on shares of T. Rowe Price Group in a report on Monday, August 4th. Evercore ISI lifted their price objective on T. Rowe Price Group from $106.00 to $110.00 and gave the stock an "in-line" rating in a research note on Monday, August 4th. Keefe, Bruyette & Woods lifted their price objective on T. Rowe Price Group from $110.00 to $112.00 and gave the stock a "market perform" rating in a research note on Monday, August 4th. Cowen reaffirmed a "hold" rating on shares of T. Rowe Price Group in a research note on Monday, May 5th. Finally, Wells Fargo & Company lifted their price objective on T. Rowe Price Group from $98.00 to $108.00 and gave the stock an "equal weight" rating in a research note on Friday, July 11th. Eight equities research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus target price of $101.09.

T. Rowe Price Group Company 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.