T. Rowe Price Group, Inc. (NASDAQ:TROW) Stock Holdings Trimmed by Telos Capital Management Inc.

Telos Capital Management Inc. trimmed its position in T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 13.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,108 shares of the asset manager's stock after selling 12,569 shares during the quarter. Telos Capital Management Inc.'s holdings in T. Rowe Price Group were worth $7,543,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of TROW. Alps Advisors Inc. grew its stake in T. Rowe Price Group by 22.9% during the 1st quarter. Alps Advisors Inc. now owns 308,837 shares of the asset manager's stock valued at $28,373,000 after purchasing an additional 57,503 shares in the last quarter. Banque Pictet & Cie SA grew its stake in T. Rowe Price Group by 11.5% during the 1st quarter. Banque Pictet & Cie SA now owns 81,928 shares of the asset manager's stock valued at $7,527,000 after purchasing an additional 8,458 shares in the last quarter. Twelve Points Wealth Management LLC grew its stake in T. Rowe Price Group by 22.9% during the 1st quarter. Twelve Points Wealth Management LLC now owns 8,391 shares of the asset manager's stock valued at $771,000 after purchasing an additional 1,564 shares in the last quarter. Trek Financial LLC acquired a new stake in T. Rowe Price Group during the 1st quarter valued at approximately $325,000. Finally, DekaBank Deutsche Girozentrale grew its stake in T. Rowe Price Group by 0.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 100,083 shares of the asset manager's stock valued at $9,145,000 after purchasing an additional 365 shares in the last quarter. 73.39% of the stock is currently owned by hedge funds and other institutional investors.

T. Rowe Price Group Price Performance

Shares of NASDAQ TROW traded down $1.49 during mid-day trading on Friday, hitting $101.47. The company had a trading volume of 1,539,992 shares, compared to its average volume of 1,549,979. The stock has a market cap of $22.36 billion, a price-to-earnings ratio of 11.50, a PEG ratio of 3.10 and a beta of 1.49. T. Rowe Price Group, Inc. has a 12 month low of $77.85 and a 12 month high of $125.81. The firm's 50 day simple moving average is $95.44 and its two-hundred day simple moving average is $99.08.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The asset manager reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.10. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. T. Rowe Price Group had a return on equity of 20.17% and a net margin of 28.38%. The business's revenue was up .8% on a year-over-year basis. During the same quarter last year, the business posted $2.38 EPS. Equities analysts forecast that T. Rowe Price Group, Inc. will post 9.29 earnings per share for the current year.

T. Rowe Price Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were issued a $1.27 dividend. This represents a $5.08 annualized dividend and a dividend yield of 5.01%. The ex-dividend date was Friday, June 13th. T. Rowe Price Group's dividend payout ratio (DPR) is 57.60%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Citigroup lowered their price objective on T. Rowe Price Group from $100.00 to $95.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Evercore ISI lowered their price objective on T. Rowe Price Group from $104.00 to $80.00 and set an "in-line" rating for the company in a research note on Friday, April 11th. Bank of America lowered their price objective on T. Rowe Price Group from $90.00 to $85.00 and set an "underperform" rating for the company in a research note on Thursday, April 3rd. Cowen reiterated a "hold" rating on shares of T. Rowe Price Group in a research report on Monday, May 5th. Finally, The Goldman Sachs Group decreased their target price on T. Rowe Price Group from $89.00 to $80.00 and set a "sell" rating for the company in a research report on Monday, April 14th. Four research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $95.82.

Insider Activity at T. Rowe Price Group

In other T. Rowe Price Group news, insider Jessica M. Hiebler sold 968 shares of T. Rowe Price Group stock in a transaction on Monday, May 12th. The stock was sold at an average price of $96.98, for a total transaction of $93,876.64. Following the sale, the insider owned 13,611 shares of the company's stock, valued at $1,319,994.78. The trade was a 6.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Dorothy C. Sawyer sold 2,000 shares of T. Rowe Price Group stock in a transaction 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 sale, the vice president directly owned 44,789 shares in the company, valued at $4,274,214.27. The trade was a 4.27% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.60% of the company's stock.

About T. Rowe Price Group

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.