T. Rowe Price Group, Inc. (NASDAQ:TROW) Shares Purchased by Vantage Investment Partners LLC

Vantage Investment Partners LLC raised its holdings in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 10.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 121,776 shares of the asset manager's stock after acquiring an additional 11,244 shares during the period. Vantage Investment Partners LLC owned approximately 0.05% of T. Rowe Price Group worth $13,114,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of TROW. OFI Invest Asset Management acquired a new position in shares of T. Rowe Price Group in the 3rd quarter valued at $25,000. Creative Financial Designs Inc. ADV lifted its stake in shares of T. Rowe Price Group by 83.5% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 233 shares of the asset manager's stock valued at $25,000 after purchasing an additional 106 shares during the period. PCA Investment Advisory Services Inc. acquired a new position in shares of T. Rowe Price Group in the 2nd quarter valued at $26,000. Park Place Capital Corp lifted its stake in shares of T. Rowe Price Group by 1,775.0% in the 4th quarter. Park Place Capital Corp now owns 300 shares of the asset manager's stock valued at $32,000 after purchasing an additional 284 shares during the period. Finally, Fortitude Family Office LLC acquired a new position in shares of T. Rowe Price Group in the 4th quarter valued at $33,000. 73.39% of the stock is currently owned by institutional investors and hedge funds.

T. Rowe Price Group Price Performance

Shares of TROW stock traded up $0.01 during trading hours on Friday, reaching $108.73. 1,703,721 shares of the stock were exchanged, compared to its average volume of 1,179,865. The business's fifty day moving average is $114.72 and its two-hundred day moving average is $106.82. T. Rowe Price Group, Inc. has a 12-month low of $87.43 and a 12-month high of $132.76. The firm has a market capitalization of $24.32 billion, a P/E ratio of 14.01, a P/E/G ratio of 2.04 and a beta of 1.40.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last announced its quarterly earnings results on Thursday, February 8th. The asset manager reported $1.72 EPS for the quarter, beating the consensus estimate of $1.60 by $0.12. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. T. Rowe Price Group had a net margin of 27.69% and a return on equity of 18.41%. The firm's revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.74 earnings per share. As a group, equities research analysts predict that T. Rowe Price Group, Inc. will post 8.36 earnings per share for the current fiscal year.

T. Rowe Price Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a $1.24 dividend. This is a positive change from T. Rowe Price Group's previous quarterly dividend of $1.22. This represents a $4.96 annualized dividend and a yield of 4.56%. The ex-dividend date of this dividend was Thursday, March 14th. T. Rowe Price Group's dividend payout ratio is currently 63.92%.

Insider Transactions at T. Rowe Price Group

In other news, 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 transaction of $121,913.94. Following the transaction, the insider now directly owns 14,113 shares in the company, valued at $1,511,925.69. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, 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 transaction of $121,913.94. Following the transaction, the insider now directly owns 14,113 shares in the company, valued at $1,511,925.69. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $1,034,116.80. Following the transaction, the director now owns 21,073 shares in the company, valued at $2,493,357.36. The disclosure for this sale can be found here. Insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on TROW shares. UBS Group boosted their target price on shares of T. Rowe Price Group from $100.00 to $109.00 and gave the company a "sell" rating in a research note on Friday, April 12th. JPMorgan Chase & Co. boosted their price target on shares of T. Rowe Price Group from $94.00 to $103.00 and gave the stock an "underweight" rating in a report on Tuesday, April 16th. Wells Fargo & Company boosted their price target on shares of T. Rowe Price Group from $105.00 to $108.00 and gave the stock an "underweight" rating in a report on Friday, February 9th. Citigroup boosted their price target on shares of 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, Morgan Stanley boosted their price target on shares of T. Rowe Price Group from $114.00 to $125.00 and gave the stock an "equal weight" rating in a report on Wednesday. Four research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $112.67.

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.