T. Rowe Price Group, Inc. (NASDAQ:TROW) Shares Sold by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. lowered its position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 5.6% during the third quarter, Holdings Channel reports. The fund owned 5,167 shares of the asset manager’s stock after selling 308 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in T. Rowe Price Group were worth $563,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Forsta AP Fonden boosted its holdings in shares of T. Rowe Price Group by 32.3% during the second quarter. Forsta AP Fonden now owns 70,100 shares of the asset manager’s stock worth $8,083,000 after purchasing an additional 17,100 shares during the last quarter. Savant Capital LLC boosted its stake in T. Rowe Price Group by 36.6% in the 2nd quarter. Savant Capital LLC now owns 32,887 shares of the asset manager’s stock worth $3,792,000 after buying an additional 8,816 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in T. Rowe Price Group in the 2nd quarter valued at about $15,907,000. Aigen Investment Management LP acquired a new position in shares of T. Rowe Price Group during the 3rd quarter valued at about $516,000. Finally, Cetera Advisors LLC lifted its holdings in shares of T. Rowe Price Group by 156.3% during the 1st quarter. Cetera Advisors LLC now owns 16,826 shares of the asset manager’s stock worth $2,051,000 after acquiring an additional 10,260 shares during the period. Institutional investors and hedge funds own 73.39% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on TROW. Evercore ISI upped their price target on shares of T. Rowe Price Group from $112.00 to $113.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. reduced their target price on T. Rowe Price Group from $116.00 to $115.00 and set an “underweight” rating on the stock in a report on Monday, November 4th. Wells Fargo & Company upped their price target on T. Rowe Price Group from $109.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 9th. Morgan Stanley lifted their price objective on T. Rowe Price Group from $127.00 to $129.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Finally, Barclays increased their target price on shares of T. Rowe Price Group from $101.00 to $110.00 and gave the stock an “underweight” rating in a research report on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $115.55.

T. Rowe Price Group Trading Up 0.8 %

NASDAQ TROW opened at $123.95 on Wednesday. The stock has a market cap of $27.54 billion, a P/E ratio of 13.56, a PEG ratio of 1.70 and a beta of 1.41. The company’s fifty day simple moving average is $112.86 and its 200-day simple moving average is $112.61. T. Rowe Price Group, Inc. has a 52 week low of $96.48 and a 52 week high of $124.31.

T. Rowe Price Group (NASDAQ:TROW) last issued its quarterly earnings data on Friday, November 1st. The asset manager reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.21. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.84 billion. T. Rowe Price Group had a net margin of 30.35% and a return on equity of 20.35%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.17 EPS. On average, research analysts expect that T. Rowe Price Group, Inc. will post 9.33 EPS for the current fiscal year.

T. Rowe Price Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a dividend of $1.24 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.96 dividend on an annualized basis and a yield of 4.00%. T. Rowe Price Group’s dividend payout ratio (DPR) is presently 54.27%.

Insiders Place Their Bets

In related news, insider Jessica M. Hiebler sold 484 shares of T. Rowe Price Group stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $104.73, for a total value of $50,689.32. Following the completion of the transaction, the insider now directly owns 13,939 shares in the company, valued at approximately $1,459,831.47. This trade represents a 3.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Andrew Justin Mackenzi Thomson sold 11,969 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $102.83, for a total value of $1,230,772.27. Following the completion of the sale, the vice president now directly owns 123,624 shares of the company’s stock, valued at approximately $12,712,255.92. This represents a 8.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

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.