T. Rowe Price Group, Inc. (NASDAQ:TROW) Shares Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. increased its stake in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 16.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,214 shares of the asset manager’s stock after acquiring an additional 1,559 shares during the period. Vontobel Holding Ltd.’s holdings in T. Rowe Price Group were worth $1,222,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC purchased a new position in shares of T. Rowe Price Group during the 1st quarter valued at approximately $1,008,000. Envestnet Portfolio Solutions Inc. boosted its stake in shares of T. Rowe Price Group by 52.4% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 65,534 shares of the asset manager’s stock worth $7,990,000 after acquiring an additional 22,533 shares in the last quarter. Norden Group LLC acquired a new stake in shares of T. Rowe Price Group during the 1st quarter valued at about $8,437,000. Forsta AP Fonden increased its stake in shares of T. Rowe Price Group by 32.3% in the 2nd quarter. Forsta AP Fonden now owns 70,100 shares of the asset manager’s stock valued at $8,083,000 after purchasing an additional 17,100 shares in the last quarter. Finally, Mizuho Markets Americas LLC boosted its position in T. Rowe Price Group by 90.0% during the first quarter. Mizuho Markets Americas LLC now owns 90,688 shares of the asset manager’s stock worth $11,057,000 after purchasing an additional 42,949 shares in the last quarter. 73.39% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Jessica M. Hiebler sold 484 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $104.73, for a total transaction 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 represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, VP Andrew Justin Mackenzi Thomson sold 11,969 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $102.83, for a total transaction of $1,230,772.27. Following the completion of the transaction, the vice president now owns 123,624 shares of the company’s stock, valued at approximately $12,712,255.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jessica M. Hiebler sold 484 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $104.73, for a total value of $50,689.32. Following the completion of the sale, the insider now directly owns 13,939 shares in the company, valued at approximately $1,459,831.47. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.

T. Rowe Price Group Stock Up 2.1 %

NASDAQ TROW opened at $115.63 on Friday. The business’s fifty day simple moving average is $107.54 and its 200-day simple moving average is $112.01. The firm has a market cap of $25.82 billion, a PE ratio of 13.73, a P/E/G ratio of 1.84 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 earnings results on Friday, July 26th. The asset manager reported $2.26 EPS for the quarter, missing analysts’ consensus estimates of $2.27 by ($0.01). T. Rowe Price Group had a return on equity of 19.90% and a net margin of 28.66%. The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.79 billion. During the same period last year, the firm earned $2.02 earnings per share. T. Rowe Price Group’s revenue for the quarter was up 7.6% on a year-over-year basis. Research analysts expect that T. Rowe Price Group, Inc. will post 9.04 EPS for the current year.

T. Rowe Price Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a $1.24 dividend. The ex-dividend date was Friday, September 13th. This represents a $4.96 annualized dividend and a yield of 4.29%. T. Rowe Price Group’s payout ratio is 58.91%.

Analyst Ratings Changes

TROW has been the subject of several research analyst reports. Barclays upped their target price on T. Rowe Price Group from $99.00 to $101.00 and gave the stock an “underweight” rating in a research note on Monday, October 14th. JPMorgan Chase & Co. lifted their target price on shares of T. Rowe Price Group from $102.00 to $107.00 and gave the company an “underweight” rating in a research report on Tuesday, July 23rd. The Goldman Sachs Group reduced their price target on shares of T. Rowe Price Group from $106.00 to $102.00 and set a “sell” rating for the company in a research report on Thursday, October 3rd. Morgan Stanley boosted their price objective on T. Rowe Price Group from $125.00 to $127.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $120.00 price target (down from $121.00) on shares of T. Rowe Price Group in a research note on Monday, July 29th. Four analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to MarketBeat.com, T. Rowe Price Group currently has a consensus rating of “Hold” and a consensus target price of $113.00.

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.