T. Rowe Price Group, Inc. (NASDAQ:TROW) Shares Purchased by Level Four Advisory Services LLC

Level Four Advisory Services LLC raised its holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 5.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 97,943 shares of the asset manager’s stock after buying an additional 5,234 shares during the quarter. Level Four Advisory Services LLC’s holdings in T. Rowe Price Group were worth $11,076,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Larson Financial Group LLC grew its stake in T. Rowe Price Group by 866.7% in the 3rd quarter. Larson Financial Group LLC now owns 348 shares of the asset manager’s stock valued at $38,000 after acquiring an additional 312 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in T. Rowe Price Group by 11.0% in the 3rd quarter. Daiwa Securities Group Inc. now owns 27,122 shares of the asset manager’s stock valued at $2,954,000 after purchasing an additional 2,688 shares in the last quarter. Private Trust Co. NA grew its holdings in shares of T. Rowe Price Group by 33.2% during the third quarter. Private Trust Co. NA now owns 3,819 shares of the asset manager’s stock worth $416,000 after buying an additional 952 shares in the last quarter. Quantbot Technologies LP acquired a new stake in T. Rowe Price Group during the third quarter worth approximately $3,321,000. Finally, Brooklyn Investment Group purchased a new stake in T. Rowe Price Group in the 3rd quarter worth approximately $43,000. Institutional investors and hedge funds own 73.39% of the company’s stock.

Insider Transactions at T. Rowe Price Group

In other T. Rowe Price Group news, VP Arif Husain sold 4,112 shares of the stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $109.27, for a total value of $449,318.24. Following the completion of the sale, the vice president now directly owns 36,800 shares of the company’s stock, valued at $4,021,136. This represents a 10.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.00% of the stock is currently owned by corporate insiders.

T. Rowe Price Group Trading Up 0.3 %

Shares of T. Rowe Price Group stock opened at $94.70 on Friday. The company’s 50-day moving average price is $105.04 and its two-hundred day moving average price is $110.90. T. Rowe Price Group, Inc. has a 52 week low of $91.37 and a 52 week high of $125.81. The stock has a market cap of $21.08 billion, a PE ratio of 10.34, a price-to-earnings-growth ratio of 2.86 and a beta of 1.46.

T. Rowe Price Group (NASDAQ:TROW) last posted its quarterly earnings results on Wednesday, February 5th. The asset manager reported $2.12 earnings per share for the quarter, missing the consensus estimate of $2.20 by ($0.08). T. Rowe Price Group had a net margin of 29.61% and a return on equity of 20.83%. During the same period last year, the business earned $1.72 EPS. On average, equities analysts predict that T. Rowe Price Group, Inc. will post 9.29 EPS for the current fiscal year.

T. Rowe Price Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $1.27 dividend. This represents a $5.08 annualized dividend and a yield of 5.36%. This is an increase from T. Rowe Price Group’s previous quarterly dividend of $1.24. The ex-dividend date is Friday, March 14th. T. Rowe Price Group’s payout ratio is currently 55.46%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on TROW shares. StockNews.com cut T. Rowe Price Group from a “buy” rating to a “hold” rating in a report on Sunday, February 2nd. Wells Fargo & Company cut their target price on shares of T. Rowe Price Group from $118.00 to $116.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Barclays cut their price objective on T. Rowe Price Group from $113.00 to $105.00 and set an “underweight” rating on the stock in a research report on Thursday, February 6th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $113.00 target price (up from $111.00) on shares of T. Rowe Price Group in a report on Thursday, February 6th. Finally, Morgan Stanley reduced their target price on T. Rowe Price Group from $126.00 to $121.00 and set an “equal weight” rating for the company in a research note on Monday, February 24th. Four analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $114.09.

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.