DGS Capital Management LLC Purchases 1,118 Shares of T. Rowe Price Group, Inc. (NASDAQ:TROW)

DGS Capital Management LLC grew its position in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 56.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,082 shares of the asset manager’s stock after purchasing an additional 1,118 shares during the period. DGS Capital Management LLC’s holdings in T. Rowe Price Group were worth $376,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Creative Financial Designs Inc. ADV lifted its holdings in shares of T. Rowe Price Group by 83.5% in the fourth 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 in the last quarter. First United Bank & Trust acquired a new stake in shares of T. Rowe Price Group in the fourth quarter valued at about $31,000. Park Place Capital Corp increased its position in shares of T. Rowe Price Group by 1,775.0% in the fourth quarter. Park Place Capital Corp now owns 300 shares of the asset manager’s stock valued at $32,000 after acquiring an additional 284 shares during the last quarter. Fortitude Family Office LLC acquired a new stake in shares of T. Rowe Price Group in the fourth quarter valued at about $33,000. Finally, CVA Family Office LLC acquired a new stake in shares of T. Rowe Price Group in the fourth quarter valued at about $39,000. 73.39% of the stock is currently owned by institutional investors.

T. Rowe Price Group Trading Down 0.9 %

T. Rowe Price Group stock opened at $115.43 on Friday. T. Rowe Price Group, Inc. has a 12 month low of $87.43 and a 12 month high of $132.76. The stock’s 50 day moving average is $114.72 and its 200-day moving average is $112.62. The company has a market capitalization of $25.78 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 1.99 and a beta of 1.43.

T. Rowe Price Group (NASDAQ:TROW) last posted its earnings results on Friday, April 26th. The asset manager reported $2.38 EPS for the quarter, beating the consensus estimate of $2.04 by $0.34. T. Rowe Price Group had a return on equity of 19.70% and a net margin of 29.09%. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the prior year, the business earned $1.69 earnings per share. The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. As a group, equities research analysts predict that T. Rowe Price Group, Inc. will post 8.84 earnings per share for the current fiscal year.

T. Rowe Price Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Friday, June 14th were given a $1.24 dividend. This represents a $4.96 annualized dividend and a dividend yield of 4.30%. The ex-dividend date of this dividend was Friday, June 14th. T. Rowe Price Group’s payout ratio is 58.91%.

Insider Activity at T. Rowe Price Group

In related news, VP Dorothy C. Sawyer sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $117.00, for a total value of $234,000.00. Following the completion of the sale, the vice president now directly owns 34,710 shares in the company, valued at $4,061,070. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, insider Jessica M. Hiebler sold 1,401 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $115.85, for a total value of $162,305.85. Following the completion of the sale, the insider now directly owns 14,198 shares in the company, valued at $1,644,838.30. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Dorothy C. Sawyer sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $117.00, for a total value of $234,000.00. Following the completion of the sale, the vice president now owns 34,710 shares of the company’s stock, valued at $4,061,070. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,444 shares of company stock worth $740,408. Company insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

TROW has been the topic of a number of recent research reports. Morgan Stanley lifted their target price on 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. lifted their target price on 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. TD Cowen raised T. Rowe Price Group from a “sell” rating to a “hold” rating and boosted their price target for the stock from $92.00 to $114.00 in a research report on Monday, April 8th. UBS Group boosted their price target on T. Rowe Price Group from $100.00 to $109.00 and gave the stock a “sell” rating in a research report on Friday, April 12th. Finally, Citigroup boosted their price target on T. Rowe Price Group from $110.00 to $125.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Four research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $112.10.

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.