DekaBank Deutsche Girozentrale Lowers Stock Holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW)

DekaBank Deutsche Girozentrale cut its stake in T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 9.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102,714 shares of the asset manager's stock after selling 10,958 shares during the period. DekaBank Deutsche Girozentrale's holdings in T. Rowe Price Group were worth $11,146,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Fairfield Bush & CO. acquired a new position in shares of T. Rowe Price Group during the first quarter valued at $150,000. Roundview Capital LLC acquired a new position in shares of T. Rowe Price Group during the first quarter valued at $2,092,000. Cibc World Market Inc. increased its holdings in shares of T. Rowe Price Group by 75.9% during the first quarter. Cibc World Market Inc. now owns 27,065 shares of the asset manager's stock valued at $4,092,000 after purchasing an additional 11,675 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of T. Rowe Price Group by 5.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,158,038 shares of the asset manager's stock valued at $175,099,000 after purchasing an additional 60,580 shares during the period. Finally, Prudential PLC increased its holdings in shares of T. Rowe Price Group by 47.1% during the first quarter. Prudential PLC now owns 12,117 shares of the asset manager's stock valued at $1,832,000 after purchasing an additional 3,880 shares during the period. 73.39% of the stock is owned by institutional investors and hedge funds.

T. Rowe Price Group Trading Down 2.6 %

NASDAQ TROW traded down $3.07 during trading on Wednesday, reaching $116.58. 1,615,369 shares of the company's stock were exchanged, compared to its average volume of 1,386,137. T. Rowe Price Group, Inc. has a fifty-two week low of $87.43 and a fifty-two week high of $132.76. The firm has a market capitalization of $26.07 billion, a PE ratio of 15.02, a P/E/G ratio of 2.44 and a beta of 1.40. The company's fifty day simple moving average is $114.19 and its 200-day simple moving average is $106.35.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last announced its quarterly earnings data on Thursday, February 8th. The asset manager reported $1.72 EPS for the quarter, topping analysts' consensus estimates of $1.60 by $0.12. T. Rowe Price Group had a return on equity of 18.41% and a net margin of 27.69%. The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same period last year, the company posted $1.74 EPS. The business's quarterly revenue was up 6.5% compared to the same quarter last year. Equities analysts forecast that T. Rowe Price Group, Inc. will post 7.84 EPS for the current fiscal year.

T. Rowe Price Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a dividend of $1.24 per share. The ex-dividend date was Thursday, March 14th. This is a positive change from T. Rowe Price Group's previous quarterly dividend of $1.22. This represents a $4.96 dividend on an annualized basis and a yield of 4.25%. T. Rowe Price Group's dividend payout ratio (DPR) is presently 63.92%.

Insiders Place Their Bets

In other news, insider Jessica M. Hiebler sold 1,138 shares of the firm's stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $107.13, for a total transaction of $121,913.94. Following the completion of the sale, the insider now directly owns 14,113 shares of the company's stock, valued at approximately $1,511,925.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Freeman A. Hrabowski III sold 8,740 shares of the firm's stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $118.32, for a total value of $1,034,116.80. Following the transaction, the director now directly owns 21,073 shares of the company's stock, valued at approximately $2,493,357.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jessica M. Hiebler sold 1,138 shares of the firm's stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $107.13, for a total value of $121,913.94. Following the completion of the transaction, the insider now directly owns 14,113 shares in the company, valued at $1,511,925.69. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company's stock.

Analyst Upgrades and Downgrades

TROW has been the topic of a number of research analyst reports. StockNews.com lowered T. Rowe Price Group from a "buy" rating to a "hold" rating in a report on Friday, February 9th. TD Cowen raised T. Rowe Price Group from a "sell" rating to a "hold" rating and lifted their target price for the stock from $92.00 to $114.00 in a report on Monday. JPMorgan Chase & Co. lifted their target price on T. Rowe Price Group from $90.00 to $94.00 and gave the stock an "underweight" rating in a report on Friday, February 9th. Citigroup lifted their target price on T. Rowe Price Group from $110.00 to $125.00 and gave the stock a "neutral" rating in a report on Friday, April 5th. Finally, Wells Fargo & Company lifted their target price on T. Rowe Price Group from $105.00 to $108.00 and gave the stock an "underweight" rating in a report on Friday, February 9th. Four investment analysts have rated the stock with a sell rating and six have given a hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $106.33.

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.