D.A. Davidson & CO. Has $11.71 Million Holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW)

D.A. Davidson & CO. boosted its holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 4.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 107,484 shares of the asset manager’s stock after purchasing an additional 4,695 shares during the quarter. D.A. Davidson & CO.’s holdings in T. Rowe Price Group were worth $11,708,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Forsta AP Fonden raised its position in shares of T. Rowe Price Group by 32.3% in the second quarter. Forsta AP Fonden now owns 70,100 shares of the asset manager’s stock valued at $8,083,000 after buying an additional 17,100 shares in the last quarter. Savant Capital LLC raised its holdings 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 valued at $3,792,000 after acquiring an additional 8,816 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in T. Rowe Price Group in the 2nd quarter valued at $15,907,000. Aigen Investment Management LP bought a new stake in shares of T. Rowe Price Group during the 3rd quarter valued at $516,000. Finally, Cetera Advisors LLC grew 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 purchasing an additional 10,260 shares in the last quarter. Institutional investors own 73.39% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Evercore ISI boosted their price target 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. Morgan Stanley boosted their target price on shares of T. Rowe Price Group from $127.00 to $129.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Wells Fargo & Company increased their price target on shares of T. Rowe Price Group from $109.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. lowered their price objective on shares of T. Rowe Price Group from $116.00 to $115.00 and set an “underweight” rating for the company in a research report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on T. Rowe Price Group from $115.00 to $120.00 and gave the company a “hold” rating in a report on Monday, November 11th. Four analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $115.55.

T. Rowe Price Group Stock Up 0.8 %

Shares of TROW opened at $123.95 on Wednesday. The business has a 50-day simple moving average of $112.86 and a two-hundred day simple moving average of $112.61. T. Rowe Price Group, Inc. has a 12-month low of $96.48 and a 12-month high of $124.31. The stock has a market cap of $27.54 billion, a PE ratio of 13.56, a PEG ratio of 1.73 and a beta of 1.41.

T. Rowe Price Group (NASDAQ:TROW) last released its quarterly earnings data 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. 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 firm posted $2.17 earnings per share. The firm’s revenue was up 6.9% compared to the same quarter last year. On average, equities research analysts expect that T. Rowe Price Group, Inc. will post 9.39 EPS for the current year.

T. Rowe Price Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued 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 dividend yield of 4.00%. T. Rowe Price Group’s dividend payout ratio (DPR) is presently 54.27%.

Insider Buying and Selling

In related news, insider Jessica M. Hiebler sold 484 shares of T. Rowe Price Group stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $104.73, for a total value of $50,689.32. Following the transaction, the insider now directly owns 13,939 shares of the company’s stock, valued at $1,459,831.47. The trade was a 3.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, the vice president now directly owns 123,624 shares of the company’s stock, valued at $12,712,255.92. This represents a 8.83 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by 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.