Mufg Securities Americas Inc. Buys Shares of 3,280 T. Rowe Price Group, Inc. (NASDAQ:TROW)

Mufg Securities Americas Inc. bought a new stake in T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,280 shares of the asset manager's stock, valued at approximately $371,000.

Several other large investors also recently added to or reduced their stakes in the stock. Man Group plc grew its holdings in shares of T. Rowe Price Group by 2.8% during the 4th quarter. Man Group plc now owns 43,330 shares of the asset manager's stock worth $4,900,000 after purchasing an additional 1,173 shares during the period. Nissay Asset Management Corp Japan ADV grew its holdings in shares of T. Rowe Price Group by 0.6% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 28,924 shares of the asset manager's stock worth $3,346,000 after purchasing an additional 174 shares during the period. Nomura Holdings Inc. grew its holdings in shares of T. Rowe Price Group by 55.6% during the 4th quarter. Nomura Holdings Inc. now owns 17,206 shares of the asset manager's stock worth $1,946,000 after purchasing an additional 6,150 shares during the period. Nuveen Asset Management LLC grew its holdings in shares of T. Rowe Price Group by 1.8% during the 4th quarter. Nuveen Asset Management LLC now owns 627,389 shares of the asset manager's stock worth $70,951,000 after purchasing an additional 11,308 shares during the period. Finally, Logan Capital Management Inc. grew its holdings in shares of T. Rowe Price Group by 8.9% during the 4th quarter. Logan Capital Management Inc. now owns 6,026 shares of the asset manager's stock worth $682,000 after purchasing an additional 495 shares during the period. 73.39% of the stock is currently owned by hedge funds and other institutional investors.

T. Rowe Price Group Price Performance

TROW stock opened at $98.06 on Friday. The firm has a market capitalization of $21.60 billion, a P/E ratio of 10.71, a P/E/G ratio of 2.86 and a beta of 1.50. The business's 50-day moving average is $90.46 and its two-hundred day moving average is $105.80. 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 posted its quarterly earnings results on Friday, May 2nd. The asset manager reported $2.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.13 by $0.10. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.80 billion. T. Rowe Price Group had a return on equity of 20.83% and a net margin of 29.61%. T. Rowe Price Group's revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter last year, the company earned $2.38 EPS. On average, analysts expect that T. Rowe Price Group, Inc. will post 9.29 EPS for the current year.

T. Rowe Price Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given a $1.27 dividend. This represents a $5.08 dividend on an annualized basis and a yield of 5.18%. The ex-dividend date of this dividend is Friday, June 13th. T. Rowe Price Group's dividend payout ratio is currently 57.60%.

Insider Buying and Selling at T. Rowe Price Group

In other news, insider Jessica M. Hiebler sold 968 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $96.98, for a total transaction of $93,876.64. Following the sale, the insider now owns 13,611 shares of the company's stock, valued at approximately $1,319,994.78. This trade 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 the SEC website. Also, Director Robert F. Maclellan sold 3,955 shares of the firm's stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $91.56, for a total value of $362,119.80. Following the sale, the director now directly owns 42,979 shares in the company, valued at $3,935,157.24. This trade represents a 8.43% decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TROW. Morgan Stanley increased their price target on T. Rowe Price Group from $94.00 to $95.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. Barclays increased their target price on T. Rowe Price Group from $85.00 to $90.00 and gave the stock an "underweight" rating in a research note on Monday, May 5th. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $113.00 target price (up previously from $111.00) on shares of T. Rowe Price Group in a research note on Thursday, February 6th. Wells Fargo & Company decreased their target price on T. Rowe Price Group from $116.00 to $98.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Finally, StockNews.com lowered T. Rowe Price Group from a "buy" rating to a "hold" rating in a research note 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, T. Rowe Price Group currently has a consensus rating of "Hold" and an average price target 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.

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