Vantage Investment Partners LLC Increases Position in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Vantage Investment Partners LLC increased its stake in T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 8.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 124,554 shares of the asset manager's stock after acquiring an additional 9,958 shares during the period. Vantage Investment Partners LLC owned about 0.06% of T. Rowe Price Group worth $11,443,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Addison Advisors LLC boosted its position in T. Rowe Price Group by 67.4% during the fourth quarter. Addison Advisors LLC now owns 231 shares of the asset manager's stock valued at $26,000 after buying an additional 93 shares during the period. Curio Wealth LLC purchased a new stake in T. Rowe Price Group during the fourth quarter valued at about $27,000. Advantage Trust Co boosted its position in T. Rowe Price Group by 48.8% during the fourth quarter. Advantage Trust Co now owns 305 shares of the asset manager's stock valued at $34,000 after buying an additional 100 shares during the period. Ameriflex Group Inc. purchased a new stake in T. Rowe Price Group during the fourth quarter valued at about $42,000. Finally, Summit Securities Group LLC purchased a new stake in T. Rowe Price Group during the fourth quarter valued at about $57,000. 73.39% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other T. Rowe Price Group news, insider Jessica M. Hiebler sold 968 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $96.98, for a total value of $93,876.64. Following the completion of the sale, the insider now directly owns 13,611 shares in the company, valued at $1,319,994.78. This trade represents a 6.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Robert F. Maclellan sold 3,955 shares of the firm's stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $91.56, for a total transaction of $362,119.80. Following the completion of the sale, the director now owns 42,979 shares of the company's stock, valued at $3,935,157.24. This trade represents a 8.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,923 shares of company stock worth $646,856 over the last three months. Company insiders own 2.00% of the company's stock.

Analyst Ratings Changes

TROW has been the subject of several analyst reports. Bank of America cut their price target 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. Cowen restated a "hold" rating on shares of T. Rowe Price Group in a research report on Monday, May 5th. Evercore ISI cut their price target on shares of T. Rowe Price Group from $104.00 to $80.00 and set an "in-line" rating for the company in a research report on Friday, April 11th. TD Cowen dropped their target price on shares of T. Rowe Price Group from $112.00 to $89.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Finally, Morgan Stanley increased their target price on shares of T. Rowe Price Group from $94.00 to $95.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. Four investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $94.09.

T. Rowe Price Group Trading Up 1.2%

T. Rowe Price Group stock opened at $93.21 on Friday. T. Rowe Price Group, Inc. has a 1-year low of $77.85 and a 1-year high of $125.81. The firm has a 50-day moving average of $92.20 and a 200-day moving average of $101.36. The firm has a market cap of $20.54 billion, a P/E ratio of 10.57, a P/E/G ratio of 3.03 and a beta of 1.49.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The asset manager reported $2.23 EPS for the quarter, topping the consensus estimate of $2.13 by $0.10. T. Rowe Price Group had a net margin of 28.38% and a return on equity of 20.17%. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period last year, the business posted $2.38 earnings per share. T. Rowe Price Group's quarterly revenue was up .8% compared to the same quarter last year. Research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be issued a $1.27 dividend. The ex-dividend date is Friday, June 13th. This represents a $5.08 annualized dividend and a yield of 5.45%. T. Rowe Price Group's dividend payout ratio (DPR) is presently 57.60%.

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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