Donaldson Capital Management LLC Trims Holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Donaldson Capital Management LLC lowered its stake in T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 9.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 356,559 shares of the asset manager's stock after selling 35,254 shares during the period. T. Rowe Price Group makes up 1.7% of Donaldson Capital Management LLC's portfolio, making the stock its 26th largest holding. Donaldson Capital Management LLC owned 0.16% of T. Rowe Price Group worth $38,398,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of TROW. Clear Harbor Asset Management LLC grew its position in shares of T. Rowe Price Group by 3.2% during the 4th quarter. Clear Harbor Asset Management LLC now owns 3,240 shares of the asset manager's stock worth $349,000 after purchasing an additional 100 shares in the last quarter. TCM Advisors LLC grew its position in shares of T. Rowe Price Group by 1.5% during the 1st quarter. TCM Advisors LLC now owns 6,900 shares of the asset manager's stock worth $779,000 after purchasing an additional 100 shares in the last quarter. Caprock Group LLC grew its position in shares of T. Rowe Price Group by 4.7% during the 4th quarter. Caprock Group LLC now owns 2,251 shares of the asset manager's stock worth $242,000 after purchasing an additional 101 shares in the last quarter. Roundview Capital LLC grew its position in shares of T. Rowe Price Group by 0.5% during the 3rd quarter. Roundview Capital LLC now owns 22,279 shares of the asset manager's stock worth $2,336,000 after purchasing an additional 105 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV grew its position in shares of T. Rowe Price Group by 83.5% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 233 shares of the asset manager's stock worth $25,000 after purchasing an additional 106 shares in the last quarter. Institutional investors and hedge funds own 73.39% of the company's stock.

Insider Activity

In other news, Director Freeman A. Hrabowski III sold 8,740 shares of the firm's stock in a transaction on Friday, March 8th. The shares were sold at an average price of $118.32, for a total transaction of $1,034,116.80. Following the completion of the transaction, the director now owns 21,073 shares of the company's stock, valued at $2,493,357.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Jessica M. Hiebler sold 1,138 shares of the stock in a transaction on Friday, February 9th. The shares were 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 in the company, valued at $1,511,925.69. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Freeman A. Hrabowski III sold 8,740 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $118.32, for a total transaction of $1,034,116.80. Following the sale, the director now owns 21,073 shares of the company's stock, valued at $2,493,357.36. The disclosure for this sale can be found here. Insiders own 2.00% of the company's stock.

T. Rowe Price Group Trading Down 0.8 %

NASDAQ:TROW traded down $0.94 on Monday, hitting $114.25. The company had a trading volume of 1,668,808 shares, compared to its average volume of 1,392,551. The stock has a market capitalization of $25.55 billion, a price-to-earnings ratio of 14.72, a PEG ratio of 2.22 and a beta of 1.40. The firm has a 50 day moving average of $114.58 and a two-hundred day moving average of $106.61. T. Rowe Price Group, Inc. has a 52 week low of $87.43 and a 52 week high of $132.76.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last released its quarterly earnings results on Thursday, February 8th. The asset manager reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.12. The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.63 billion. T. Rowe Price Group had a net margin of 27.69% and a return on equity of 18.41%. The company's revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.74 earnings per share. As a group, equities analysts forecast that T. Rowe Price Group, Inc. will post 8.13 EPS for the current year.

T. Rowe Price Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a dividend of $1.24 per share. The ex-dividend date was Thursday, March 14th. This represents a $4.96 annualized dividend and a dividend yield of 4.34%. This is an increase from T. Rowe Price Group's previous quarterly dividend of $1.22. T. Rowe Price Group's dividend payout ratio (DPR) is presently 63.92%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on TROW shares. JPMorgan Chase & Co. upped their price target on shares of T. Rowe Price Group from $90.00 to $94.00 and gave the stock an "underweight" rating in a report on Friday, February 9th. Morgan Stanley upped their price target on shares of T. Rowe Price Group from $101.00 to $106.00 and gave the stock an "equal weight" rating in a report on Friday, January 19th. StockNews.com downgraded shares of T. Rowe Price Group from a "buy" rating to a "hold" rating in a report on Friday, February 9th. TD Cowen raised shares of T. Rowe Price Group from a "sell" rating to a "hold" rating and upped their price target for the stock from $92.00 to $114.00 in a report on Monday, April 8th. Finally, UBS Group upped their price target on shares of T. Rowe Price Group from $100.00 to $109.00 and gave the stock a "sell" rating in a report on Friday. Four analysts have rated the stock with a sell rating and six have given a hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $109.56.

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.