Worldquant Millennium Advisors LLC Has $23.98 Million Stake in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Worldquant Millennium Advisors LLC grew its position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 70.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 212,013 shares of the asset manager's stock after acquiring an additional 87,539 shares during the quarter. Worldquant Millennium Advisors LLC owned about 0.10% of T. Rowe Price Group worth $23,977,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Addison Advisors LLC grew its holdings in T. Rowe Price Group by 67.4% in the 4th 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. Curio Wealth LLC bought a new position in shares of T. Rowe Price Group in the fourth quarter worth $27,000. Y.D. More Investments Ltd increased its holdings in shares of T. Rowe Price Group by 124.0% during the fourth quarter. Y.D. More Investments Ltd now owns 280 shares of the asset manager's stock valued at $32,000 after purchasing an additional 155 shares during the period. Stonebridge Financial Group LLC acquired a new position in shares of T. Rowe Price Group during the fourth quarter valued at $32,000. Finally, Advantage Trust Co raised its stake in shares of 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 purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 73.39% of the company's stock.

Insider Buying and Selling

In related news, insider Jessica M. Hiebler sold 968 shares of the stock in a transaction dated Monday, May 12th. The stock was 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 of the company's stock, valued at approximately $1,319,994.78. This represents a 6.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert F. Maclellan sold 3,955 shares of T. Rowe Price Group stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $91.56, for a total value of $362,119.80. Following the transaction, the director now directly owns 42,979 shares in the company, valued at approximately $3,935,157.24. This trade represents a 8.43% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.00% of the company's stock.

Analyst Ratings Changes

TROW has been the subject of a number of recent analyst reports. TD Cowen decreased 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 research report on Wednesday, April 9th. Barclays increased their price objective on shares of T. Rowe Price Group from $85.00 to $90.00 and gave the company an "underweight" rating in a report on Monday, May 5th. Cowen reissued a "hold" rating on shares of T. Rowe Price Group in a report on Monday, May 5th. Wells Fargo & Company decreased their price target on T. Rowe Price Group from $116.00 to $98.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Finally, Wall Street Zen cut T. Rowe Price Group from a "buy" rating to a "hold" rating in a research report on Sunday, February 2nd. Four research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $94.09.

T. Rowe Price Group Stock Down 1.5%

Shares of NASDAQ TROW traded down $1.44 during mid-day trading on Monday, hitting $93.02. 1,105,520 shares of the company traded hands, compared to its average volume of 1,494,751. T. Rowe Price Group, Inc. has a 1 year low of $77.85 and a 1 year high of $125.81. The stock has a market capitalization of $20.49 billion, a price-to-earnings ratio of 10.16, a PEG ratio of 2.86 and a beta of 1.50. The business has a 50 day moving average of $90.68 and a two-hundred day moving average of $105.01.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last posted its quarterly earnings data 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 net margin of 29.61% and a return on equity of 20.83%. The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the firm earned $2.38 earnings per share. The business's quarterly revenue was up .8% on a year-over-year basis. As a group, research analysts anticipate 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 will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a $1.27 dividend. The ex-dividend date is Friday, June 13th. This represents a $5.08 annualized dividend and a dividend yield of 5.46%. T. Rowe Price Group's dividend payout ratio (DPR) is presently 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.