Willis Investment Counsel Has $16.53 Million Stock Position in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Willis Investment Counsel cut its stake in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 18.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 179,874 shares of the asset manager's stock after selling 41,552 shares during the quarter. Willis Investment Counsel owned approximately 0.08% of T. Rowe Price Group worth $16,525,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Glenview Trust co increased its position in shares of T. Rowe Price Group by 2.2% during the 4th quarter. Glenview Trust co now owns 4,318 shares of the asset manager's stock worth $488,000 after purchasing an additional 92 shares in the last quarter. Addison Advisors LLC increased its holdings in shares of T. Rowe Price Group by 67.4% during the fourth quarter. Addison Advisors LLC now owns 231 shares of the asset manager's stock worth $26,000 after buying an additional 93 shares in the last quarter. Advantage Trust Co raised its stake in shares of T. Rowe Price Group by 48.8% in the fourth quarter. Advantage Trust Co now owns 305 shares of the asset manager's stock valued at $34,000 after acquiring an additional 100 shares during the last quarter. Valeo Financial Advisors LLC boosted its holdings in shares of T. Rowe Price Group by 3.5% in the 4th quarter. Valeo Financial Advisors LLC now owns 2,996 shares of the asset manager's stock worth $339,000 after acquiring an additional 102 shares in the last quarter. Finally, Strategy Asset Managers LLC grew its position in T. Rowe Price Group by 5.0% during the 4th quarter. Strategy Asset Managers LLC now owns 2,277 shares of the asset manager's stock worth $258,000 after acquiring an additional 108 shares during the last quarter. Institutional investors and hedge funds own 73.39% of the company's stock.

Insider Transactions at T. Rowe Price Group

In other news, insider Jessica M. Hiebler sold 968 shares of T. Rowe Price Group stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $96.98, for a total value of $93,876.64. Following 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Dorothy C. Sawyer sold 2,000 shares of the business's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $95.43, for a total transaction of $190,860.00. Following the sale, the vice president now directly owns 44,789 shares in the company, valued at $4,274,214.27. This trade represents a 4.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,923 shares of company stock valued at $646,856 over the last quarter. Corporate insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. TD Cowen dropped their price target on 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. Bank of America lowered their target price 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 reaffirmed a "hold" rating on shares of T. Rowe Price Group in a report on Monday, May 5th. The Goldman Sachs Group decreased their price objective on shares of T. Rowe Price Group from $89.00 to $80.00 and set a "sell" rating on the stock in a report on Monday, April 14th. Finally, Morgan Stanley boosted 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 research note on Tuesday, May 6th. Four investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $94.09.

T. Rowe Price Group Stock Performance

TROW traded down $3.00 during trading on Friday, reaching $91.58. 1,195,694 shares of the company's stock were exchanged, compared to its average volume of 1,506,909. T. Rowe Price Group, Inc. has a fifty-two week low of $77.85 and a fifty-two week high of $125.81. The company's fifty day moving average price is $91.43 and its 200-day moving average price is $102.81. The firm has a market capitalization of $20.18 billion, a PE ratio of 10.00, a P/E/G ratio of 2.86 and a beta of 1.49.

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, topping the consensus estimate of $2.13 by $0.10. T. Rowe Price Group had a net margin of 29.61% and a return on equity of 20.83%. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter last year, the firm earned $2.38 EPS. 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. Stockholders of record on Friday, June 13th will be given a dividend of $1.27 per share. This represents a $5.08 annualized dividend and a dividend yield of 5.55%. The ex-dividend date is Friday, June 13th. T. Rowe Price Group's dividend payout ratio is 57.60%.

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.