Windle Wealth LLC Has $5.95 Million Holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Windle Wealth LLC lifted its holdings in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 4.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,792 shares of the asset manager's stock after purchasing an additional 2,932 shares during the period. T. Rowe Price Group comprises approximately 3.1% of Windle Wealth LLC's holdings, making the stock its 22nd biggest holding. Windle Wealth LLC's holdings in T. Rowe Price Group were worth $5,952,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Ameriflex Group Inc. purchased a new stake in T. Rowe Price Group in the 4th quarter worth approximately $42,000. Hexagon Capital Partners LLC boosted its holdings in shares of 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 purchasing an additional 113 shares during the last quarter. Smallwood Wealth Investment Management LLC acquired a new position in shares of T. Rowe Price Group in the 1st quarter valued at $39,000. Chilton Capital Management LLC acquired a new position in shares of T. Rowe Price Group in the 1st quarter valued at $41,000. Finally, Wayfinding Financial LLC acquired a new position in shares of T. Rowe Price Group in the 1st quarter valued at $43,000. 73.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Jessica M. Hiebler sold 968 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $96.98, for a total transaction of $93,876.64. Following the transaction, the insider owned 13,611 shares in the company, valued at $1,319,994.78. This represents a 6.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Dorothy C. Sawyer sold 2,000 shares of the stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $95.43, for a total transaction of $190,860.00. Following the transaction, the vice president owned 44,789 shares in the company, valued at approximately $4,274,214.27. This trade represents a 4.27% decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on TROW. Bank of America decreased their price target on shares of T. Rowe Price Group from $90.00 to $85.00 and set an "underperform" rating on the stock in a report on Thursday, April 3rd. Barclays boosted their price objective on shares of T. Rowe Price Group from $90.00 to $91.00 and gave the stock an "underweight" rating in a report on Wednesday, July 16th. Morgan Stanley boosted their price objective on shares of T. Rowe Price Group from $95.00 to $104.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 2nd. Citigroup cut their price objective on shares of T. Rowe Price Group from $100.00 to $95.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Finally, JPMorgan Chase & Co. boosted their target price on shares of T. Rowe Price Group from $90.00 to $98.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 16th. Four investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $96.64.

T. Rowe Price Group Stock Performance

Shares of NASDAQ:TROW traded up $0.33 during trading on Thursday, reaching $107.68. The company had a trading volume of 420,745 shares, compared to its average volume of 1,831,572. The firm's fifty day moving average is $97.17 and its 200 day moving average is $98.76. The firm has a market capitalization of $23.72 billion, a PE ratio of 12.20, a price-to-earnings-growth ratio of 3.16 and a beta of 1.49. T. Rowe Price Group, Inc. has a twelve month low of $77.85 and a twelve month high of $125.81.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last released its earnings results on Friday, May 2nd. The asset manager reported $2.23 EPS for the quarter, beating the consensus estimate of $2.13 by $0.10. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.80 billion. T. Rowe Price Group had a net margin of 28.38% and a return on equity of 20.17%. The business's quarterly revenue was up .8% on a year-over-year basis. During the same period in the prior year, the business earned $2.38 earnings per share. Equities analysts predict 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 announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were given a $1.27 dividend. The ex-dividend date was Friday, June 13th. This represents a $5.08 dividend on an annualized basis and a yield of 4.72%. T. Rowe Price Group's payout ratio is 57.60%.

T. Rowe Price Group 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.