Nomura Holdings Inc. Has $1.95 Million Position in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Nomura Holdings Inc. increased its position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 55.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,206 shares of the asset manager's stock after purchasing an additional 6,150 shares during the period. Nomura Holdings Inc.'s holdings in T. Rowe Price Group were worth $1,946,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in TROW. Nuveen Asset Management LLC raised its holdings in T. Rowe Price Group by 1.8% in the 4th quarter. Nuveen Asset Management LLC now owns 627,389 shares of the asset manager's stock valued at $70,951,000 after acquiring an additional 11,308 shares in the last quarter. Logan Capital Management Inc. raised 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 buying an additional 495 shares in the last quarter. Lionshead Wealth Management LLC acquired a new position in shares of T. Rowe Price Group during the 4th quarter worth $385,000. Jefferies Financial Group Inc. raised its holdings in shares of T. Rowe Price Group by 94.9% during the 4th quarter. Jefferies Financial Group Inc. now owns 22,880 shares of the asset manager's stock worth $2,587,000 after buying an additional 11,142 shares in the last quarter. Finally, Gen Wealth Partners Inc raised its holdings in shares of T. Rowe Price Group by 3.1% during the 4th quarter. Gen Wealth Partners Inc now owns 4,651 shares of the asset manager's stock worth $526,000 after buying an additional 139 shares in the last quarter. 73.39% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at T. Rowe Price Group

In other news, Director Robert F. Maclellan sold 3,955 shares of the stock in a transaction on Monday, March 31st. The stock was sold at an average price of $91.56, for a total transaction of $362,119.80. Following the transaction, the director now directly owns 42,979 shares of the company's stock, valued at $3,935,157.24. This represents a 8.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jessica M. Hiebler sold 968 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $96.98, for a total value of $93,876.64. Following the transaction, the insider now directly owns 13,611 shares in the company, valued at $1,319,994.78. The trade was a 6.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.60% of the company's stock.

T. Rowe Price Group Price Performance

Shares of NASDAQ:TROW opened at $98.06 on Friday. T. Rowe Price Group, Inc. has a 1 year low of $77.85 and a 1 year high of $125.81. The company has a market cap of $21.60 billion, a PE ratio of 10.71, a P/E/G ratio of 2.86 and a beta of 1.50. The stock's 50-day moving average is $90.46 and its 200 day moving average is $105.80.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last posted its earnings results on Friday, May 2nd. The asset manager reported $2.23 earnings per share for the quarter, topping analysts' consensus estimates of $2.13 by $0.10. T. Rowe Price Group had a return on equity of 20.83% and a net margin of 29.61%. The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the prior year, the business earned $2.38 EPS. The business's revenue for the quarter was up .8% on a year-over-year basis. Analysts expect that T. Rowe Price Group, Inc. will post 9.29 EPS for the current fiscal year.

T. Rowe Price Group Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on TROW. Cowen reissued a "hold" rating on shares of T. Rowe Price Group in a report on Monday, May 5th. Morgan Stanley boosted their price objective on T. Rowe Price Group from $94.00 to $95.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. Bank of America reduced their price objective on T. Rowe Price Group from $90.00 to $85.00 and set an "underperform" rating on the stock in a research report on Thursday, April 3rd. Keefe, Bruyette & Woods restated a "market perform" rating and set a $113.00 price objective (up previously from $111.00) on shares of T. Rowe Price Group in a research report on Thursday, February 6th. Finally, TD Cowen reduced their price objective on T. Rowe Price Group from $112.00 to $89.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Four equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus 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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