T. Rowe Price Group, Inc. (NASDAQ:TROW) Shares Bought by Matrix Trust Co

Matrix Trust Co boosted its position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 7.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,767 shares of the asset manager’s stock after buying an additional 1,019 shares during the period. Matrix Trust Co’s holdings in T. Rowe Price Group were worth $1,670,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in TROW. Private Advisor Group LLC grew its stake in shares of T. Rowe Price Group by 5.5% in the 2nd quarter. Private Advisor Group LLC now owns 10,926 shares of the asset manager’s stock valued at $1,260,000 after purchasing an additional 571 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in T. Rowe Price Group during the second quarter worth $401,000. LPL Financial LLC boosted its position in T. Rowe Price Group by 9.8% during the second quarter. LPL Financial LLC now owns 270,738 shares of the asset manager’s stock worth $31,219,000 after purchasing an additional 24,075 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in T. Rowe Price Group by 18.9% during the second quarter. DekaBank Deutsche Girozentrale now owns 119,032 shares of the asset manager’s stock worth $13,697,000 after purchasing an additional 18,949 shares in the last quarter. Finally, Meeder Advisory Services Inc. boosted its position in T. Rowe Price Group by 28.0% during the second quarter. Meeder Advisory Services Inc. now owns 3,106 shares of the asset manager’s stock worth $358,000 after purchasing an additional 680 shares in the last quarter. Institutional investors and hedge funds own 73.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on TROW shares. Keefe, Bruyette & Woods boosted their target price on T. Rowe Price Group from $114.00 to $116.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. TD Cowen cut their price target on T. Rowe Price Group from $120.00 to $116.00 and set a “hold” rating for the company in a report on Monday, November 4th. JPMorgan Chase & Co. cut their price target on T. Rowe Price Group from $116.00 to $115.00 and set an “underweight” rating for the company in a report on Monday, November 4th. Evercore ISI upped their target price on T. Rowe Price Group from $112.00 to $113.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on T. Rowe Price Group from $115.00 to $120.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Four investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to MarketBeat, T. Rowe Price Group presently has a consensus rating of “Hold” and a consensus target price of $117.00.

Insider Transactions at T. Rowe Price Group

In related news, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of the stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $123.35, for a total value of $499,197.45. Following the completion of the transaction, the vice president now owns 119,577 shares of the company’s stock, valued at approximately $14,749,822.95. This represents a 3.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.00% of the company’s stock.

T. Rowe Price Group Trading Down 3.8 %

TROW stock opened at $108.55 on Monday. The stock has a 50-day moving average price of $118.21 and a two-hundred day moving average price of $112.92. T. Rowe Price Group, Inc. has a 12-month low of $100.49 and a 12-month high of $125.81. The company has a market cap of $24.12 billion, a PE ratio of 11.88, a price-to-earnings-growth ratio of 1.73 and a beta of 1.43.

T. Rowe Price Group (NASDAQ:TROW) last issued its earnings results on Friday, November 1st. The asset manager reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.21. T. Rowe Price Group had a return on equity of 20.35% and a net margin of 30.35%. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the prior year, the business earned $2.17 earnings per share. The company’s revenue was up 6.9% compared to the same quarter last year. Equities analysts forecast that T. Rowe Price Group, Inc. will post 9.39 EPS for the current fiscal year.

T. Rowe Price Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were given a $1.24 dividend. This represents a $4.96 annualized dividend and a dividend yield of 4.57%. The ex-dividend date of this dividend was Friday, December 13th. T. Rowe Price Group’s payout ratio is 54.27%.

T. Rowe Price Group 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.