Windle Wealth LLC Buys 2,932 Shares of T. Rowe Price Group, Inc. (NASDAQ:TROW)

Windle Wealth LLC raised its holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 4.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 64,792 shares of the asset manager's stock after buying an additional 2,932 shares during the period. T. Rowe Price Group makes up approximately 3.1% 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 $5,952,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TROW. Avantax Advisory Services Inc. boosted its holdings in shares of T. Rowe Price Group by 15.2% in the fourth quarter. Avantax Advisory Services Inc. now owns 5,083 shares of the asset manager's stock valued at $575,000 after acquiring an additional 669 shares in the last quarter. Royal London Asset Management Ltd. raised its position in shares of T. Rowe Price Group by 3.8% in the fourth quarter. Royal London Asset Management Ltd. now owns 93,003 shares of the asset manager's stock valued at $10,518,000 after buying an additional 3,440 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of T. Rowe Price Group in the fourth quarter valued at approximately $614,000. Mizuho Securities USA LLC raised its position in shares of T. Rowe Price Group by 45.9% in the fourth quarter. Mizuho Securities USA LLC now owns 21,056 shares of the asset manager's stock valued at $2,381,000 after buying an additional 6,622 shares during the last quarter. Finally, Sei Investments Co. raised its position in shares of T. Rowe Price Group by 12.9% in the fourth quarter. Sei Investments Co. now owns 249,794 shares of the asset manager's stock valued at $28,249,000 after buying an additional 28,500 shares during the last quarter. Hedge funds and other institutional investors own 73.39% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on TROW shares. 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 research note on Wednesday, July 16th. Evercore ISI decreased their target price 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 note on Friday, April 11th. Wells Fargo & Company upped their target price on shares of T. Rowe Price Group from $98.00 to $108.00 and gave the company an "equal weight" rating in a research note on Friday, July 11th. Bank of America decreased their target price on shares of 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. Finally, The Goldman Sachs Group decreased their target price on shares of T. Rowe Price Group from $89.00 to $80.00 and set a "sell" rating for the company in a research note on Monday, April 14th. Four analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $96.64.

T. Rowe Price Group Trading Up 0.9%

Shares of T. Rowe Price Group stock traded up $0.91 during trading on Wednesday, reaching $107.35. The company's stock had a trading volume of 1,161,372 shares, compared to its average volume of 1,579,536. The stock has a 50-day moving average price of $96.63 and a two-hundred day moving average price of $98.72. T. Rowe Price Group, Inc. has a one year low of $77.85 and a one year high of $125.81. The stock has a market capitalization of $23.65 billion, a P/E ratio of 12.17, a price-to-earnings-growth ratio of 3.11 and a beta of 1.49.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The asset manager reported $2.23 EPS for the quarter, beating analysts' consensus estimates of $2.13 by $0.10. T. Rowe Price Group had a return on equity of 20.17% and a net margin of 28.38%. The company had revenue of $1.76 billion during the quarter, compared to analysts' expectations of $1.80 billion. During the same period in the prior year, the business posted $2.38 EPS. T. Rowe Price Group's revenue was up .8% on a year-over-year basis. As a group, sell-side analysts anticipate that T. Rowe Price Group, Inc. will post 9.29 EPS for the current fiscal year.

T. Rowe Price Group Announces Dividend

The company 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 annualized dividend and a yield of 4.73%. T. Rowe Price Group's dividend payout ratio is presently 57.60%.

Insider Buying and Selling

In related news, insider Jessica M. Hiebler sold 968 shares of T. Rowe Price Group stock in a transaction that occurred on Monday, May 12th. The stock was 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 of the company's stock, valued at $1,319,994.78. The trade was a 6.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Dorothy C. Sawyer sold 2,000 shares of the business's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $95.43, for a total value of $190,860.00. Following the completion of the transaction, the vice president directly owned 44,789 shares in the company, valued at approximately $4,274,214.27. This represents a 4.27% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.60% of the company's stock.

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.