UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $199.37 Million Stock Position in T. Rowe Price Group, Inc. (NASDAQ:TROW)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 28.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,762,910 shares of the asset manager's stock after purchasing an additional 387,604 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.79% of T. Rowe Price Group worth $199,367,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in TROW. Barclays PLC raised its holdings in T. Rowe Price Group by 13.6% in the 3rd quarter. Barclays PLC now owns 822,869 shares of the asset manager's stock valued at $89,635,000 after acquiring an additional 98,448 shares in the last quarter. Park Avenue Securities LLC acquired a new position in T. Rowe Price Group in the 4th quarter valued at approximately $474,000. HB Wealth Management LLC raised its holdings in T. Rowe Price Group by 12.4% in the 4th quarter. HB Wealth Management LLC now owns 2,691 shares of the asset manager's stock valued at $304,000 after acquiring an additional 296 shares in the last quarter. Koshinski Asset Management Inc. acquired a new position in T. Rowe Price Group in the 4th quarter valued at approximately $214,000. Finally, Janney Montgomery Scott LLC raised its holdings in T. Rowe Price Group by 3.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 188,439 shares of the asset manager's stock valued at $21,311,000 after acquiring an additional 6,917 shares in the last quarter. Institutional investors and hedge funds own 73.39% of the company's stock.

T. Rowe Price Group Trading Down 0.9%

NASDAQ TROW traded down $0.85 during trading hours on Wednesday, reaching $94.72. 219,589 shares of the company's stock were exchanged, compared to its average volume of 1,488,360. The stock has a market cap of $20.87 billion, a PE ratio of 10.35, a price-to-earnings-growth ratio of 2.86 and a beta of 1.50. T. Rowe Price Group, Inc. has a one year low of $77.85 and a one year high of $125.81. The firm has a fifty day moving average of $90.71 and a 200-day moving average of $104.77.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The asset manager reported $2.23 EPS for the quarter, topping analysts' consensus estimates of $2.13 by $0.10. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.80 billion. T. Rowe Price Group had a return on equity of 20.83% and a net margin of 29.61%. T. Rowe Price Group's revenue for the quarter was up .8% on a year-over-year basis. During the same period in the prior year, the company earned $2.38 EPS. As a group, research analysts forecast that T. Rowe Price Group, Inc. will post 9.29 EPS for the current year.

T. Rowe Price Group Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Friday, June 13th. This represents a $5.08 dividend on an annualized basis and a yield of 5.36%. T. Rowe Price Group's payout ratio is 57.60%.

Wall Street Analyst Weigh In

Several research firms have commented on TROW. JPMorgan Chase & Co. cut their price target on 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. Barclays increased their target price on T. Rowe Price Group from $85.00 to $90.00 and gave the stock an "underweight" rating in a report on Monday, May 5th. The Goldman Sachs Group dropped their target price on T. Rowe Price Group from $89.00 to $80.00 and set a "sell" rating for the company in a report on Monday, April 14th. Evercore ISI dropped their target price on T. Rowe Price Group from $104.00 to $80.00 and set an "in-line" rating for the company in a report on Friday, April 11th. Finally, Bank of America dropped their target price on T. Rowe Price Group from $90.00 to $85.00 and set an "underperform" rating for the company in a report on Thursday, April 3rd. Four equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $94.09.

Insider Buying and Selling at T. Rowe Price Group

In other T. Rowe Price Group news, insider Jessica M. Hiebler sold 968 shares of the stock in a transaction 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 transaction, the insider now directly owns 13,611 shares in the company, valued at approximately $1,319,994.78. This trade represents a 6.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert F. Maclellan sold 3,955 shares of the stock in a transaction 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 directly owns 42,979 shares in the company, valued at approximately $3,935,157.24. This trade represents a 8.43% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company's stock.

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.