UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $172.06 Million Stock Holdings in T. Rowe Price Group, Inc. $TROW

Key Points

• UBS Asset Management increased its stake in T. Rowe Price Group by 6.2%, holding 1,872,887 shares valued at approximately $172 million.
• T. Rowe Price Group reported earnings per share of $2.24, exceeding analysts' expectations, with a revenue of $1.72 billion for the quarter.
• Institutional investors own about 73.39% of T. Rowe Price Group stock, indicating strong institutional interest in the asset manager.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 6.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,872,887 shares of the asset manager's stock after buying an additional 109,977 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.85% of T. Rowe Price Group worth $172,062,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in TROW. Invesco Ltd. grew its stake in shares of T. Rowe Price Group by 43.2% in the 1st quarter. Invesco Ltd. now owns 3,433,684 shares of the asset manager's stock valued at $315,453,000 after buying an additional 1,035,865 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of T. Rowe Price Group by 7.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 7,706,251 shares of the asset manager's stock valued at $707,973,000 after buying an additional 519,075 shares during the period. GAMMA Investing LLC grew its stake in shares of T. Rowe Price Group by 9,555.5% in the 1st quarter. GAMMA Investing LLC now owns 333,212 shares of the asset manager's stock valued at $30,612,000 after buying an additional 329,761 shares during the period. Vanguard Group Inc. grew its stake in shares of T. Rowe Price Group by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 26,286,393 shares of the asset manager's stock valued at $2,414,931,000 after buying an additional 222,556 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of T. Rowe Price Group in the 4th quarter valued at about $21,113,000. 73.39% of the stock is currently owned by institutional investors and hedge funds.

T. Rowe Price Group Stock Down 0.9%

Shares of NASDAQ TROW opened at $105.69 on Friday. T. Rowe Price Group, Inc. has a twelve month low of $77.85 and a twelve month high of $125.81. The stock's 50 day moving average price is $105.58 and its 200-day moving average price is $97.54. The company has a market capitalization of $23.22 billion, a PE ratio of 11.81, a PEG ratio of 2.78 and a beta of 1.51.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last announced its earnings results on Friday, August 1st. The asset manager reported $2.24 earnings per share for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $1.72 billion. During the same quarter in the previous year, the business earned $2.26 EPS. The company's revenue was down .6% compared to the same quarter last year. As a group, research analysts expect that T. Rowe Price Group, Inc. will post 9.29 EPS for the current fiscal year.

T. Rowe Price Group Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Wells Fargo & Company raised their target price on T. Rowe Price Group from $98.00 to $108.00 and gave the company an "equal weight" rating in a research note on Friday, July 11th. JPMorgan Chase & Co. lifted their price target on T. Rowe Price Group from $98.00 to $102.00 and gave the company an "underweight" rating in a research note on Monday, August 4th. Zacks Research downgraded T. Rowe Price Group from a "strong-buy" rating to a "hold" rating in a research note on Monday. Morgan Stanley lifted their price target on T. Rowe Price Group from $112.00 to $116.00 and gave the company an "equal weight" rating in a research note on Monday, August 4th. Finally, Evercore ISI reiterated a "positive" rating on shares of T. Rowe Price Group in a research note on Friday, September 5th. One equities research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, T. Rowe Price Group presently has an average rating of "Reduce" and an average target price of $101.55.

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.

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