T. Rowe Price Group, Inc. (NASDAQ:TROW) Shares Purchased by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV boosted its holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 35.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,044 shares of the asset manager's stock after purchasing an additional 4,480 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in T. Rowe Price Group were worth $1,927,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Glenview Trust co boosted its stake in shares of T. Rowe Price Group by 2.2% during the fourth quarter. Glenview Trust co now owns 4,318 shares of the asset manager's stock worth $488,000 after buying an additional 92 shares during the period. MCF Advisors LLC lifted its position in T. Rowe Price Group by 1.5% during the 4th quarter. MCF Advisors LLC now owns 6,226 shares of the asset manager's stock worth $704,000 after acquiring an additional 93 shares during the period. Addison Advisors LLC grew its stake in shares of T. Rowe Price Group by 67.4% in the 4th quarter. Addison Advisors LLC now owns 231 shares of the asset manager's stock valued at $26,000 after purchasing an additional 93 shares during the last quarter. Brooklyn Investment Group increased its holdings in shares of T. Rowe Price Group by 24.6% in the fourth quarter. Brooklyn Investment Group now owns 497 shares of the asset manager's stock valued at $56,000 after purchasing an additional 98 shares during the period. 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 worth $34,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 73.39% of the company's stock.

T. Rowe Price Group Stock Performance

NASDAQ:TROW traded up $0.08 during mid-day trading on Friday, hitting $92.74. 958,585 shares of the company's stock traded hands, compared to its average volume of 1,478,345. The company has a market cap of $20.43 billion, a PE ratio of 10.12, a price-to-earnings-growth ratio of 2.86 and a beta of 1.50. The firm's 50 day simple moving average is $90.62 and its 200 day simple moving average is $106.26. T. Rowe Price Group, Inc. has a 1 year low of $77.85 and a 1 year high of $125.81.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The asset manager reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.10. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. T. Rowe Price Group had a return on equity of 20.83% and a net margin of 29.61%. The company's quarterly revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.38 EPS. On average, research analysts expect that T. Rowe Price Group, Inc. will post 9.29 earnings per share for the current fiscal year.

T. Rowe Price Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a dividend of $1.27 per share. This represents a $5.08 dividend on an annualized basis and a yield of 5.48%. T. Rowe Price Group's dividend payout ratio is presently 57.60%.

Insider Activity at T. Rowe Price Group

In other T. Rowe Price Group news, VP Arif Husain sold 4,112 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $109.27, for a total transaction of $449,318.24. Following the transaction, the vice president now owns 36,800 shares of the company's stock, valued at $4,021,136. This represents a 10.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robert F. Maclellan sold 3,955 shares of T. Rowe Price Group stock in a transaction on Monday, March 31st. The shares were sold at an average price of $91.56, for a total value 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 approximately $3,935,157.24. This represents a 8.43 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

TROW has been the topic of a number of analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of T. Rowe Price Group from $110.00 to $90.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 16th. Morgan Stanley boosted their price target on shares of T. Rowe Price Group from $94.00 to $95.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. The Goldman Sachs Group reduced their price objective on shares of T. Rowe Price Group from $89.00 to $80.00 and set a "sell" rating for the company in a research report on Monday, April 14th. Cowen reiterated a "hold" rating on shares of T. Rowe Price Group in a research report on Monday, May 5th. Finally, TD Cowen reduced their price target on T. Rowe Price Group from $112.00 to $89.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Four equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company's stock. According to MarketBeat, T. Rowe Price Group presently has a consensus rating of "Hold" and an average price target of $94.09.

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.