Wellington Management Group LLP Has $8.15 Million Holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Wellington Management Group LLP lifted its holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 30.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 72,092 shares of the asset manager's stock after buying an additional 16,999 shares during the quarter. Wellington Management Group LLP's holdings in T. Rowe Price Group were worth $8,153,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of TROW. Vanguard Group Inc. boosted its holdings in shares of T. Rowe Price Group by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 26,063,837 shares of the asset manager's stock valued at $2,947,559,000 after acquiring an additional 135,203 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of T. Rowe Price Group by 5.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,187,176 shares of the asset manager's stock valued at $812,798,000 after purchasing an additional 346,369 shares during the period. Geode Capital Management LLC lifted its holdings in T. Rowe Price Group by 0.5% in the third quarter. Geode Capital Management LLC now owns 5,515,198 shares of the asset manager's stock worth $598,801,000 after purchasing an additional 25,481 shares during the period. Provident Trust Co. lifted its stake in shares of T. Rowe Price Group by 8.9% in the 4th quarter. Provident Trust Co. now owns 2,611,294 shares of the asset manager's stock worth $295,311,000 after acquiring an additional 213,566 shares during the period. Finally, Fisher Asset Management LLC increased its stake in shares of T. Rowe Price Group by 0.5% during the fourth quarter. Fisher Asset Management LLC now owns 1,870,446 shares of the asset manager's stock valued at $211,529,000 after acquiring an additional 8,992 shares during the period. Institutional investors own 73.39% of the company's stock.

Insider Buying and Selling at T. Rowe Price Group

In other T. Rowe Price Group news, VP Arif Husain sold 4,112 shares of the company's stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $109.27, for a total value of $449,318.24. Following the completion of the transaction, the vice president now directly owns 36,800 shares in the company, valued at approximately $4,021,136. This represents a 10.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert F. Maclellan sold 3,955 shares of the stock in a transaction on Monday, March 31st. The shares were sold at an average price of $91.56, for a total value of $362,119.80. Following the completion of the sale, the director now owns 42,979 shares of the company's stock, valued at $3,935,157.24. The trade was a 8.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.00% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Evercore ISI dropped their price target on shares of T. Rowe Price Group from $104.00 to $80.00 and set an "in-line" rating on the stock in a research report on Friday, April 11th. Morgan Stanley lowered their price objective on shares of T. Rowe Price Group from $126.00 to $121.00 and set an "equal weight" rating on the stock in a research report on Monday, February 24th. StockNews.com lowered T. Rowe Price Group from a "buy" rating to a "hold" rating in a research report on Sunday, February 2nd. Citigroup reduced their price objective on shares of T. Rowe Price Group from $100.00 to $95.00 and set a "neutral" rating for the company in a research note on Monday. Finally, Bank of America lowered their target price on shares of T. Rowe Price Group from $90.00 to $85.00 and set an "underperform" rating on the stock in a research note on Thursday, April 3rd. Four investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $98.27.

T. Rowe Price Group Trading Down 1.4 %

Shares of TROW traded down $1.19 during mid-day trading on Wednesday, reaching $86.39. The company's stock had a trading volume of 325,196 shares, compared to its average volume of 1,437,912. T. Rowe Price Group, Inc. has a 1-year low of $77.85 and a 1-year high of $125.81. The business has a 50-day simple moving average of $97.08 and a two-hundred day simple moving average of $108.87. The stock has a market cap of $19.20 billion, a P/E ratio of 9.44, a PEG ratio of 2.86 and a beta of 1.50.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The asset manager reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.20 by ($0.08). T. Rowe Price Group had a net margin of 29.61% and a return on equity of 20.83%. During the same period in the prior year, the company earned $1.72 earnings per share. Research analysts anticipate that T. Rowe Price Group, Inc. will post 9.29 EPS for the current year.

T. Rowe Price Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $1.27 per share. This is an increase from T. Rowe Price Group's previous quarterly dividend of $1.24. This represents a $5.08 annualized dividend and a yield of 5.88%. The ex-dividend date was Friday, March 14th. T. Rowe Price Group's payout ratio is currently 55.46%.

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.