Sky Investment Group LLC raised its stake in T. Rowe Price Group Inc (NASDAQ:TROW) by 2.6% during the first quarter, Holdings Channel reports. The institutional investor owned 50,308 shares of the asset manager’s stock after buying an additional 1,271 shares during the period. Sky Investment Group LLC’s holdings in T. Rowe Price Group were worth $3,429,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. State Street Corp boosted its stake in shares of T. Rowe Price Group by 12.4% in the fourth quarter. State Street Corp now owns 14,733,079 shares of the asset manager’s stock valued at $1,108,811,000 after buying an additional 1,630,497 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of T. Rowe Price Group during the third quarter valued at $120,895,000. Thomaspartners Inc. boosted its stake in shares of T. Rowe Price Group by 11.2% in the third quarter. Thomaspartners Inc. now owns 1,788,918 shares of the asset manager’s stock valued at $118,963,000 after buying an additional 180,840 shares in the last quarter. Brown Advisory Inc. boosted its stake in shares of T. Rowe Price Group by 1.5% in the fourth quarter. Brown Advisory Inc. now owns 1,630,029 shares of the asset manager’s stock valued at $122,678,000 after buying an additional 23,457 shares in the last quarter. Finally, Bahl & Gaynor Inc. boosted its stake in shares of T. Rowe Price Group by 9.1% in the third quarter. Bahl & Gaynor Inc. now owns 1,574,383 shares of the asset manager’s stock valued at $104,696,000 after buying an additional 130,816 shares in the last quarter. Institutional investors own 71.35% of the company’s stock.

Institutional Ownership by Quarter for T. Rowe Price Group (NASDAQ:TROW)

T. Rowe Price Group Inc (NASDAQ:TROW) traded down 0.560% on Friday, reaching $71.895. 627,254 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $69.99 and a 200 day moving average price of $70.81. T. Rowe Price Group Inc has a one year low of $62.97 and a one year high of $79.00. The firm has a market cap of $17.50 billion, a PE ratio of 15.136 and a beta of 1.29.

T. Rowe Price Group (NASDAQ:TROW) last released its earnings results on Thursday, January 26th. The asset manager reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.07. The company earned $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. T. Rowe Price Group had a return on equity of 24.49% and a net margin of 28.28%. T. Rowe Price Group’s revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.17 EPS. On average, equities analysts anticipate that T. Rowe Price Group Inc will post $5.02 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 30th. Shareholders of record on Thursday, March 16th were given a $0.57 dividend. This is an increase from T. Rowe Price Group’s previous quarterly dividend of $0.54. This represents a $2.28 annualized dividend and a yield of 3.15%. The ex-dividend date was Tuesday, March 14th. T. Rowe Price Group’s payout ratio is currently 46.06%.

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TROW has been the topic of several research reports. JPMorgan Chase & Co. restated an “underweight” rating on shares of T. Rowe Price Group in a research report on Thursday, January 12th. Jefferies Group LLC restated a “buy” rating and issued a $84.00 price target on shares of T. Rowe Price Group in a research report on Monday, March 27th. Morgan Stanley cut shares of T. Rowe Price Group to a “sell” rating in a research report on Saturday, March 18th. TheStreet cut shares of T. Rowe Price Group from a “b” rating to a “c+” rating in a research report on Tuesday, March 28th. Finally, Credit Suisse Group AG set a $62.00 price target on shares of T. Rowe Price Group and gave the stock a “hold” rating in a research report on Saturday, February 4th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $73.83.

In other T. Rowe Price Group news, Director Anne M. Whittemore sold 8,326 shares of T. Rowe Price Group stock in a transaction dated Friday, February 17th. The stock was sold at an average price of $71.02, for a total value of $591,312.52. Following the completion of the transaction, the director now directly owns 25,947 shares of the company’s stock, valued at approximately $1,842,755.94. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 3.60% of the company’s stock.

About T. Rowe Price Group

T. Rowe Price Group, Inc is a financial services holding company. The Company provides global investment management services through its subsidiaries to investors across the world. The Company provides an array of Company sponsored the United States mutual funds, other sponsored pooled investment vehicles, sub advisory services, separate account management, recordkeeping, and related services to individuals, advisors, institutions, financial intermediaries and retirement plan sponsors.

5 Day Chart for NASDAQ:TROW

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