Jackson Creek Investment Advisors LLC Takes $268,000 Position in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Jackson Creek Investment Advisors LLC purchased a new position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,327 shares of the asset manager’s stock, valued at approximately $268,000.

A number of other institutional investors have also recently added to or reduced their stakes in TROW. Evermay Wealth Management LLC increased its position in shares of T. Rowe Price Group by 73.2% during the second quarter. Evermay Wealth Management LLC now owns 1,775 shares of the asset manager’s stock worth $205,000 after acquiring an additional 750 shares during the last quarter. Versor Investments LP purchased a new stake in T. Rowe Price Group during the 2nd quarter worth approximately $1,499,000. United Asset Strategies Inc. increased its holdings in T. Rowe Price Group by 6.5% during the 2nd quarter. United Asset Strategies Inc. now owns 10,076 shares of the asset manager’s stock worth $1,162,000 after purchasing an additional 619 shares during the last quarter. PrairieView Partners LLC acquired a new position in shares of T. Rowe Price Group in the 2nd quarter valued at approximately $217,000. Finally, Elevated Capital Advisors LLC boosted its stake in shares of T. Rowe Price Group by 14.6% during the 2nd quarter. Elevated Capital Advisors LLC now owns 7,680 shares of the asset manager’s stock valued at $886,000 after buying an additional 979 shares during the last quarter. Institutional investors and hedge funds 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 Dorothy C. Sawyer sold 2,000 shares of the firm’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 sale, the vice president now owns 34,710 shares in the company, valued at $4,061,070. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other T. Rowe Price Group news, insider Jessica M. Hiebler sold 1,401 shares of T. Rowe Price Group stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $115.85, for a total transaction of $162,305.85. Following the sale, the insider now owns 14,198 shares of the company’s stock, valued at approximately $1,644,838.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Dorothy C. Sawyer sold 2,000 shares of the stock in a transaction 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 transaction, the vice president now directly owns 34,710 shares of the company’s stock, valued at approximately $4,061,070. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

T. Rowe Price Group Trading Up 0.1 %

NASDAQ:TROW opened at $104.62 on Thursday. The stock has a 50 day moving average of $111.17 and a 200-day moving average of $113.81. The firm has a market capitalization of $23.36 billion, a PE ratio of 12.43, a price-to-earnings-growth ratio of 1.69 and a beta of 1.41. T. Rowe Price Group, Inc. has a 52 week low of $87.43 and a 52 week high of $122.27.

T. Rowe Price Group (NASDAQ:TROW) last issued its quarterly earnings data on Friday, July 26th. The asset manager reported $2.26 EPS for the quarter, missing analysts’ consensus estimates of $2.27 by ($0.01). The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.79 billion. T. Rowe Price Group had a return on equity of 19.90% and a net margin of 28.66%. T. Rowe Price Group’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.02 earnings per share. As a group, analysts predict that T. Rowe Price Group, Inc. will post 9 EPS for the current fiscal year.

T. Rowe Price Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be given a $1.24 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $4.96 annualized dividend and a yield of 4.74%. T. Rowe Price Group’s dividend payout ratio is presently 58.91%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. StockNews.com lowered shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $120.00 target price (down previously from $121.00) on shares of T. Rowe Price Group in a research report on Monday, July 29th. Barclays initiated coverage on shares of T. Rowe Price Group in a research report on Tuesday, August 27th. They set an “underweight” rating and a $99.00 price target on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on T. Rowe Price Group from $112.00 to $113.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. Finally, JPMorgan Chase & Co. upped their price objective on T. Rowe Price Group from $102.00 to $107.00 and gave the company an “underweight” rating in a research note on Tuesday, July 23rd. Four analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $113.10.

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.