Toronto Dominion Bank Has $11.86 Million Stake in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Toronto Dominion Bank raised its stake in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 39.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 104,835 shares of the asset manager's stock after purchasing an additional 29,908 shares during the period. Toronto Dominion Bank's holdings in T. Rowe Price Group were worth $11,856,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Nilsine Partners LLC increased its stake in shares of T. Rowe Price Group by 75.5% in the fourth quarter. Nilsine Partners LLC now owns 5,509 shares of the asset manager's stock worth $623,000 after purchasing an additional 2,370 shares during the period. Amundi grew its holdings in T. Rowe Price Group by 30.1% in the 4th quarter. Amundi now owns 1,717,877 shares of the asset manager's stock valued at $194,064,000 after buying an additional 397,278 shares during the last quarter. Schroder Investment Management Group increased its position in T. Rowe Price Group by 49.4% in the 4th quarter. Schroder Investment Management Group now owns 221,579 shares of the asset manager's stock worth $25,229,000 after buying an additional 73,307 shares during the period. Commonwealth Equity Services LLC increased its position in T. Rowe Price Group by 5.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 357,556 shares of the asset manager's stock worth $40,436,000 after buying an additional 20,062 shares during the period. Finally, Resona Asset Management Co. Ltd. acquired a new position in shares of T. Rowe Price Group during the fourth quarter worth approximately $9,590,000. Institutional investors and hedge funds own 73.39% of the company's stock.

Insider Buying and Selling at T. Rowe Price Group

In other news, Director Robert F. Maclellan sold 3,955 shares of T. Rowe Price Group stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $91.56, for a total value of $362,119.80. Following the completion of the transaction, the director now owns 42,979 shares in the company, valued at approximately $3,935,157.24. The trade was a 8.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jessica M. Hiebler sold 968 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $96.98, for a total value of $93,876.64. Following the completion of the transaction, the insider now directly owns 13,611 shares in the company, valued at $1,319,994.78. The trade was a 6.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.00% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on TROW shares. Evercore ISI lowered their price objective on shares of T. Rowe Price Group from $104.00 to $80.00 and set an "in-line" rating on the stock in a research note on Friday, April 11th. JPMorgan Chase & Co. reduced their price target on shares of T. Rowe Price Group from $110.00 to $90.00 and set an "underweight" rating for the company in a report on Wednesday, April 16th. Wall Street Zen downgraded shares of T. Rowe Price Group from a "buy" rating to a "hold" rating in a report on Sunday, February 2nd. Bank of America cut their price objective on shares of T. Rowe Price Group from $90.00 to $85.00 and set an "underperform" rating for the company in a research report on Thursday, April 3rd. Finally, Keefe, Bruyette & Woods reissued a "market perform" rating and set a $113.00 target price (up from $111.00) on shares of T. Rowe Price Group in a research report on Thursday, February 6th. Four research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company's stock. Based on data from MarketBeat, T. Rowe Price Group currently has an average rating of "Hold" and a consensus target price of $94.09.

T. Rowe Price Group Trading Down 1.5%

NASDAQ TROW traded down $1.44 on Monday, reaching $93.02. The company's stock had a trading volume of 1,105,520 shares, compared to its average volume of 1,494,751. T. Rowe Price Group, Inc. has a 52 week low of $77.85 and a 52 week high of $125.81. The firm has a market cap of $20.49 billion, a PE ratio of 10.16, a price-to-earnings-growth ratio of 2.86 and a beta of 1.50. The business has a 50-day moving average price of $90.68 and a 200 day moving average price of $105.01.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The asset manager reported $2.23 earnings per share for the quarter, beating the consensus estimate of $2.13 by $0.10. T. Rowe Price Group had a return on equity of 20.83% and a net margin of 29.61%. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the company posted $2.38 EPS. The company's revenue was up .8% compared to the same quarter last year. 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 business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given a $1.27 dividend. This represents a $5.08 dividend on an annualized basis and a yield of 5.46%. The ex-dividend date is Friday, June 13th. T. Rowe Price Group's dividend payout ratio (DPR) is 57.60%.

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.