T. Rowe Price Group, Inc. (NASDAQ:TROW) Shares Sold by Cwm LLC

CWM LLC decreased its position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 11.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 155,090 shares of the asset manager's stock after selling 20,742 shares during the quarter. CWM LLC owned 0.07% of T. Rowe Price Group worth $16,702,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its holdings in T. Rowe Price Group by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,900,101 shares of the asset manager's stock worth $513,874,000 after acquiring an additional 134,839 shares in the last quarter. Morgan Stanley increased its holdings in T. Rowe Price Group by 0.7% in the 3rd quarter. Morgan Stanley now owns 3,483,350 shares of the asset manager's stock worth $365,299,000 after acquiring an additional 25,012 shares in the last quarter. Northern Trust Corp boosted its stake in T. Rowe Price Group by 4.1% during the 3rd quarter. Northern Trust Corp now owns 2,356,132 shares of the asset manager's stock worth $247,088,000 after purchasing an additional 93,829 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in T. Rowe Price Group by 2.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,271,065 shares of the asset manager's stock worth $238,167,000 after purchasing an additional 44,175 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in T. Rowe Price Group by 7.6% during the 3rd quarter. Invesco Ltd. now owns 1,684,057 shares of the asset manager's stock worth $176,607,000 after purchasing an additional 119,305 shares during the last quarter. Institutional investors and hedge funds own 73.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on TROW shares. Keefe, Bruyette & Woods raised shares of T. Rowe Price Group from an "underperform" rating to a "market perform" rating and boosted their price target for the company from $106.00 to $120.00 in a research report on Thursday, April 11th. Wells Fargo & Company upped their target price on shares of T. Rowe Price Group from $105.00 to $108.00 and gave the company an "underweight" rating in a research report on Friday, February 9th. Morgan Stanley upped their target price on shares of T. Rowe Price Group from $114.00 to $125.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 17th. JPMorgan Chase & Co. upped their target price on shares of T. Rowe Price Group from $94.00 to $103.00 and gave the company an "underweight" rating in a research report on Tuesday, April 16th. Finally, UBS Group upped 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 report on Friday, April 12th. Four equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat, T. Rowe Price Group has an average rating of "Hold" and a consensus target price of $112.67.

Insider Buying and Selling

In other T. Rowe Price Group news, Director Freeman A. Hrabowski III sold 8,740 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were 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 in the company, valued at $2,493,357.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other T. Rowe Price Group news, Director Freeman A. Hrabowski III sold 8,740 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were 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 in the company, valued at $2,493,357.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jessica M. Hiebler sold 1,138 shares of the 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 completion of the transaction, the insider now owns 14,113 shares in the company, valued at $1,511,925.69. The disclosure for this sale can be found here. Insiders own 2.00% of the company's stock.

T. Rowe Price Group Stock Up 2.5 %

NASDAQ:TROW traded up $2.77 on Monday, reaching $111.50. 2,096,198 shares of the company's stock were exchanged, compared to its average volume of 1,421,330. The firm has a market capitalization of $24.94 billion, a price-to-earnings ratio of 14.01, a price-to-earnings-growth ratio of 2.04 and a beta of 1.40. The business has a fifty day moving average of $114.72 and a 200-day moving average of $106.82. 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 earnings results on Thursday, February 8th. The asset manager reported $1.72 earnings per share for the quarter, topping analysts' consensus estimates of $1.60 by $0.12. T. Rowe Price Group had a net margin of 27.69% and a return on equity of 18.41%. The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same period in the prior year, the firm earned $1.74 earnings per share. The business's quarterly revenue was up 6.5% compared to the same quarter last year. As a group, equities analysts anticipate that T. Rowe Price Group, Inc. will post 8.36 earnings per share for the current year.

T. Rowe Price Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a dividend of $1.24 per share. This represents a $4.96 dividend on an annualized basis and a dividend yield of 4.45%. This is a positive change from T. Rowe Price Group's previous quarterly dividend of $1.22. The ex-dividend date of this dividend was Thursday, March 14th. T. Rowe Price Group's dividend payout ratio is presently 63.92%.

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.