Jefferies Financial Group Inc. Has $2.59 Million Stock Position in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Jefferies Financial Group Inc. increased its holdings in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 94.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,880 shares of the asset manager's stock after acquiring an additional 11,142 shares during the period. Jefferies Financial Group Inc.'s holdings in T. Rowe Price Group were worth $2,587,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of TROW. Barclays PLC boosted its position in T. Rowe Price Group by 13.6% in the 3rd quarter. Barclays PLC now owns 822,869 shares of the asset manager's stock valued at $89,635,000 after buying an additional 98,448 shares during the last quarter. Principal Financial Group Inc. boosted its position in T. Rowe Price Group by 2.8% in the 3rd quarter. Principal Financial Group Inc. now owns 275,978 shares of the asset manager's stock valued at $30,062,000 after buying an additional 7,503 shares during the last quarter. Czech National Bank boosted its position in T. Rowe Price Group by 6.2% in the 4th quarter. Czech National Bank now owns 48,169 shares of the asset manager's stock valued at $5,447,000 after buying an additional 2,824 shares during the last quarter. Brookstone Capital Management boosted its position in T. Rowe Price Group by 16.4% in the 4th quarter. Brookstone Capital Management now owns 100,176 shares of the asset manager's stock valued at $11,329,000 after buying an additional 14,087 shares during the last quarter. Finally, Cooper Financial Group bought a new position in T. Rowe Price Group in the 4th quarter valued at $240,000. 73.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling at T. Rowe Price Group

In other T. Rowe Price Group news, Director Robert F. Maclellan sold 3,955 shares of T. Rowe Price Group stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $91.56, for a total value of $362,119.80. Following the sale, the director now owns 42,979 shares of the company's stock, valued at $3,935,157.24. This trade represents a 8.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jessica M. Hiebler sold 968 shares of T. Rowe Price Group stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $96.98, for a total value of $93,876.64. Following the completion of the sale, the insider now directly owns 13,611 shares in the company, valued at $1,319,994.78. This represents a 6.64% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TROW. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $113.00 price objective (up from $111.00) on shares of T. Rowe Price Group in a research report on Thursday, February 6th. TD Cowen reduced their price target 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. Wells Fargo & Company reduced their price target on T. Rowe Price Group from $116.00 to $98.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Barclays raised their price target on T. Rowe Price Group from $85.00 to $90.00 and gave the stock an "underweight" rating in a research report on Monday, May 5th. Finally, Cowen restated a "hold" rating on shares of T. Rowe Price Group in a research report on Monday, May 5th. Four 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, the stock currently has a consensus rating of "Hold" and an average price target of $94.09.

T. Rowe Price Group Stock Performance

TROW stock traded up $0.41 during midday trading on Friday, hitting $98.06. 1,493,466 shares of the company's stock were exchanged, compared to its average volume of 1,487,005. The stock's fifty day moving average price is $90.46 and its 200-day moving average price is $105.80. The company has a market cap of $21.60 billion, a PE ratio of 10.71, a price-to-earnings-growth ratio of 2.86 and a beta of 1.50. T. Rowe Price Group, Inc. has a one year low of $77.85 and a one year high of $125.81.

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 the consensus estimate of $2.13 by $0.10. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.80 billion. T. Rowe Price Group had a return on equity of 20.83% and a net margin of 29.61%. The company's revenue for the quarter was up .8% on a year-over-year basis. During the same period in the previous year, the company posted $2.38 earnings per share. On average, analysts expect that T. Rowe Price Group, Inc. will post 9.29 EPS for the current year.

T. Rowe Price Group Dividend Announcement

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

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.