T. Rowe Price Group, Inc. $TROW Shares Acquired by Aurora Investment Counsel

Aurora Investment Counsel increased its stake in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 35.5% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 4,585 shares of the asset manager’s stock after purchasing an additional 1,201 shares during the period. Aurora Investment Counsel’s holdings in T. Rowe Price Group were worth $442,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. TFG Advisers LLC boosted its position in shares of T. Rowe Price Group by 3.6% during the 2nd quarter. TFG Advisers LLC now owns 2,779 shares of the asset manager’s stock worth $268,000 after purchasing an additional 97 shares during the period. Bill Few Associates Inc. boosted its position in shares of T. Rowe Price Group by 4.3% during the 2nd quarter. Bill Few Associates Inc. now owns 2,577 shares of the asset manager’s stock worth $249,000 after purchasing an additional 107 shares during the period. Cooper Financial Group boosted its position in shares of T. Rowe Price Group by 5.2% during the 1st quarter. Cooper Financial Group now owns 2,234 shares of the asset manager’s stock worth $205,000 after purchasing an additional 110 shares during the period. Hexagon Capital Partners LLC boosted its position in shares of T. Rowe Price Group by 44.8% during the 1st quarter. Hexagon Capital Partners LLC now owns 365 shares of the asset manager’s stock worth $34,000 after purchasing an additional 113 shares during the period. Finally, Associated Banc Corp boosted its position in shares of T. Rowe Price Group by 0.5% during the 1st quarter. Associated Banc Corp now owns 24,864 shares of the asset manager’s stock worth $2,284,000 after purchasing an additional 114 shares during the period. Hedge funds and other institutional investors own 73.39% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on TROW. The Goldman Sachs Group raised their price target on shares of T. Rowe Price Group from $91.00 to $92.00 and gave the company a “sell” rating in a research report on Friday, October 3rd. Wells Fargo & Company raised their price target on shares of T. Rowe Price Group from $98.00 to $108.00 and gave the company an “equal weight” rating in a research report on Friday, July 11th. Barclays reissued an “underweight” rating and issued a $95.00 price target (up previously from $91.00) on shares of T. Rowe Price Group in a research report on Monday, August 4th. Deutsche Bank Aktiengesellschaft raised their price target on shares of T. Rowe Price Group from $109.00 to $114.00 and gave the company a “hold” rating in a research report on Thursday, October 9th. Finally, TD Cowen raised their price objective on shares of T. Rowe Price Group from $103.00 to $108.00 and gave the company a “hold” rating in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $106.92.

T. Rowe Price Group Stock Performance

NASDAQ TROW opened at $104.24 on Tuesday. The firm has a market cap of $22.90 billion, a PE ratio of 11.65, a P/E/G ratio of 5.69 and a beta of 1.50. T. Rowe Price Group, Inc. has a one year low of $77.85 and a one year high of $125.81. The firm’s fifty day moving average is $105.76 and its two-hundred day moving average is $99.12.

T. Rowe Price Group (NASDAQ:TROW) last posted its quarterly earnings data on Friday, August 1st. The asset manager reported $2.24 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.09. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.72 billion. T. Rowe Price Group had a net margin of 28.72% and a return on equity of 19.77%. T. Rowe Price Group’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the business posted $2.26 earnings per share. Research analysts predict that T. Rowe Price Group, Inc. will post 9.29 earnings per share for the current year.

T. Rowe Price Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 15th were issued a $1.27 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $5.08 annualized dividend and a dividend yield of 4.9%. T. Rowe Price Group’s payout ratio is presently 56.76%.

Insider Buying and Selling at T. Rowe Price Group

In other news, Director Robert F. Maclellan sold 3,090 shares of T. Rowe Price Group stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $105.01, for a total value of $324,480.90. Following the sale, the director owned 47,335 shares of the company’s stock, valued at $4,970,648.35. The trade was a 6.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is currently owned by insiders.

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.