Windle Wealth LLC Has $7.11 Million Position in T. Rowe Price Group, Inc. $TROW

Key Points

• Windle Wealth LLC increased its stake in T. Rowe Price Group, Inc. by 13.6% in Q2, holding a total of 73,624 shares now valued at approximately $7.11 million.
• T. Rowe Price Group recently announced a quarterly dividend of $1.27 per share, resulting in an annualized dividend yield of 4.8%.
• Analysts have set a consensus price target for T. Rowe Price Group at $104.92, with ratings ranging from Buy to Sell.

Windle Wealth LLC lifted its stake in T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 13.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 73,624 shares of the asset manager's stock after purchasing an additional 8,832 shares during the period. T. Rowe Price Group accounts for 3.5% of Windle Wealth LLC's portfolio, making the stock its 22nd largest position. Windle Wealth LLC's holdings in T. Rowe Price Group were worth $7,105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Zions Bancorporation National Association UT acquired a new position in shares of T. Rowe Price Group in the 1st quarter valued at $27,000. Hexagon Capital Partners LLC lifted its position in T. Rowe Price Group by 44.8% in the 1st quarter. Hexagon Capital Partners LLC now owns 365 shares of the asset manager's stock valued at $34,000 after acquiring an additional 113 shares in the last quarter. Smallwood Wealth Investment Management LLC bought a new stake in T. Rowe Price Group in the 1st quarter valued at $39,000. Cromwell Holdings LLC lifted its position in T. Rowe Price Group by 3,483.3% in the 2nd quarter. Cromwell Holdings LLC now owns 430 shares of the asset manager's stock valued at $41,000 after acquiring an additional 418 shares in the last quarter. Finally, Chilton Capital Management LLC bought a new stake in T. Rowe Price Group in the 1st quarter valued at $41,000. Institutional investors and hedge funds own 73.39% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of T. Rowe Price Group in a research report on Wednesday. Jefferies Financial Group boosted their price objective on shares of T. Rowe Price Group from $104.00 to $106.00 and gave the company a "hold" rating in a research report on Tuesday. Zacks Research cut shares of T. Rowe Price Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 8th. BMO Capital Markets began coverage on shares of T. Rowe Price Group in a research report on Friday, October 3rd. They issued a "market perform" rating and a $108.00 price objective on the stock. Finally, The Goldman Sachs Group boosted their price target on shares of T. Rowe Price Group from $91.00 to $92.00 and gave the stock a "sell" rating in a research report on Friday, October 3rd. Two analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Reduce" and a consensus price target of $104.92.

T. Rowe Price Group Price Performance

T. Rowe Price Group stock opened at $105.82 on Thursday. T. Rowe Price Group, Inc. has a fifty-two week low of $77.85 and a fifty-two week high of $125.81. The firm has a market capitalization of $23.25 billion, a PE ratio of 11.82, a P/E/G ratio of 6.82 and a beta of 1.50. The company's 50-day moving average is $105.76 and its 200-day moving average is $98.32.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The asset manager reported $2.24 EPS for the quarter, beating analysts' consensus estimates of $2.15 by $0.09. T. Rowe Price Group had a net margin of 28.72% and a return on equity of 19.77%. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the prior year, the business earned $2.26 EPS. T. Rowe Price Group's quarterly revenue was down .6% on a year-over-year basis. As a group, analysts expect that T. Rowe Price Group, Inc. will post 9.29 EPS for the current year.

T. Rowe Price Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 15th were issued a dividend of $1.27 per share. This represents a $5.08 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend was Monday, September 15th. T. Rowe Price Group's dividend payout ratio is 56.76%.

Insider Buying and Selling at T. Rowe Price Group

In other news, Director Robert F. Maclellan sold 3,090 shares of the company's stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $105.01, for a total transaction of $324,480.90. Following the completion of the sale, the director owned 47,335 shares of the company's stock, valued at approximately $4,970,648.35. This represents a 6.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.