Lantz Financial LLC Has $1.85 Million Stake in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Lantz Financial LLC lifted its stake in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 5.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 16,332 shares of the asset manager’s stock after purchasing an additional 783 shares during the quarter. Lantz Financial LLC’s holdings in T. Rowe Price Group were worth $1,847,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. AE Wealth Management LLC acquired a new stake in shares of T. Rowe Price Group during the 2nd quarter worth $305,000. EverSource Wealth Advisors LLC grew its stake in T. Rowe Price Group by 29.9% during the second quarter. EverSource Wealth Advisors LLC now owns 430 shares of the asset manager’s stock worth $49,000 after buying an additional 99 shares in the last quarter. Public Sector Pension Investment Board grew its stake in T. Rowe Price Group by 7.6% during the second quarter. Public Sector Pension Investment Board now owns 37,878 shares of the asset manager’s stock worth $4,368,000 after buying an additional 2,670 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in T. Rowe Price Group by 60.5% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 42,832 shares of the asset manager’s stock valued at $4,939,000 after buying an additional 16,151 shares during the period. Finally, AXA S.A. raised its position in shares of T. Rowe Price Group by 74.4% in the 2nd quarter. AXA S.A. now owns 257,529 shares of the asset manager’s stock valued at $29,696,000 after buying an additional 109,888 shares in 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 Andrew Justin Mackenzi Thomson sold 4,047 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $123.35, for a total transaction of $499,197.45. Following the completion of the transaction, the vice president now owns 119,577 shares in the company, valued at approximately $14,749,822.95. This trade represents a 3.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.00% of the company’s stock.

T. Rowe Price Group Trading Up 0.7 %

NASDAQ:TROW opened at $114.21 on Friday. The stock’s 50-day moving average is $117.22 and its 200-day moving average is $112.80. The stock has a market cap of $25.37 billion, a P/E ratio of 12.50, a price-to-earnings-growth ratio of 1.68 and a beta of 1.43. T. Rowe Price Group, Inc. has a 1-year low of $100.49 and a 1-year high of $125.81.

T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly earnings results on Friday, November 1st. The asset manager reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.21. The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.84 billion. T. Rowe Price Group had a net margin of 30.35% and a return on equity of 20.35%. The company’s revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the company posted $2.17 EPS. As a group, equities analysts forecast that T. Rowe Price Group, Inc. will post 9.45 EPS for the current year.

T. Rowe Price Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were given a dividend of $1.24 per share. This represents a $4.96 annualized dividend and a yield of 4.34%. The ex-dividend date was Friday, December 13th. T. Rowe Price Group’s dividend payout ratio is currently 54.27%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. StockNews.com raised shares of T. Rowe Price Group from a “hold” rating to a “buy” rating in a research note on Saturday. Barclays decreased their price target on T. Rowe Price Group from $115.00 to $113.00 and set an “underweight” rating on the stock in a research note on Friday, January 17th. Evercore ISI upped their price objective on 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. The Goldman Sachs Group reduced their price objective on T. Rowe Price Group from $106.00 to $102.00 and set a “sell” rating on the stock in a research note on Thursday, October 3rd. Finally, TD Cowen lowered their target price on T. Rowe Price Group from $120.00 to $116.00 and set a “hold” rating for the company in a research note on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $115.82.

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.