Lionshead Wealth Management LLC Invests $385,000 in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Lionshead Wealth Management LLC bought a new stake in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 3,408 shares of the asset manager's stock, valued at approximately $385,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nilsine Partners LLC increased its stake in T. Rowe Price Group by 75.5% in the fourth quarter. Nilsine Partners LLC now owns 5,509 shares of the asset manager's stock valued at $623,000 after acquiring an additional 2,370 shares during the period. Principal Financial Group Inc. boosted its position in T. Rowe Price Group by 2.8% in the third quarter. Principal Financial Group Inc. now owns 275,978 shares of the asset manager's stock valued at $30,062,000 after buying an additional 7,503 shares in the last quarter. Amundi boosted its position in T. Rowe Price Group by 30.1% in the fourth quarter. Amundi now owns 1,717,877 shares of the asset manager's stock valued at $194,064,000 after buying an additional 397,278 shares in the last quarter. Schroder Investment Management Group boosted its position in T. Rowe Price Group by 49.4% in the fourth quarter. Schroder Investment Management Group now owns 221,579 shares of the asset manager's stock valued at $25,229,000 after buying an additional 73,307 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in T. Rowe Price Group by 5.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 357,556 shares of the asset manager's stock valued at $40,436,000 after buying an additional 20,062 shares in the last quarter. Institutional investors own 73.39% of the company's stock.

T. Rowe Price Group Stock Up 0.1%

NASDAQ TROW traded up $0.13 during trading hours on Wednesday, hitting $97.32. The company's stock had a trading volume of 1,466,657 shares, compared to its average volume of 1,484,102. The stock has a fifty day moving average of $90.44 and a 200 day moving average of $106.00. T. Rowe Price Group, Inc. has a twelve month low of $77.85 and a twelve month high of $125.81. The firm has a market capitalization of $21.44 billion, a P/E ratio of 10.62, a PEG ratio of 2.86 and a beta of 1.50.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The asset manager reported $2.23 earnings per share for the quarter, beating 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 period in the prior year, the business posted $2.38 earnings per share. T. Rowe Price Group's revenue was up .8% compared to the same quarter last year. On average, analysts predict that T. Rowe Price Group, Inc. will post 9.29 earnings per share for the current year.

T. Rowe Price Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a $1.27 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $5.08 annualized dividend and a yield of 5.22%. T. Rowe Price Group's dividend payout ratio is currently 57.60%.

Insider Buying and Selling at T. Rowe Price Group

In other T. Rowe Price Group news, insider Jessica M. Hiebler sold 968 shares of the company's 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 completion of the sale, the insider now owns 13,611 shares of the company's stock, valued at approximately $1,319,994.78. This represents a 6.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert F. Maclellan sold 3,955 shares of the company's stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $91.56, for a total transaction of $362,119.80. Following the completion of the sale, the director now directly owns 42,979 shares of the company's stock, valued at $3,935,157.24. The trade was a 8.43% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on TROW. Evercore ISI reduced their price target on shares of T. Rowe Price Group from $104.00 to $80.00 and set an "in-line" rating on the stock in a research report on Friday, April 11th. Bank of America reduced 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 research report on Thursday, April 3rd. The Goldman Sachs Group reduced their target price on shares of T. Rowe Price Group from $89.00 to $80.00 and set a "sell" rating on the stock in a research report on Monday, April 14th. Wells Fargo & Company reduced their target price on shares of T. Rowe Price Group from $116.00 to $98.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Finally, Citigroup reduced their target price on shares of T. Rowe Price Group from $100.00 to $95.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Four research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $94.09.

About T. Rowe Price Group

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.