OFI Invest Asset Management Has $109,000 Holdings in T. Rowe Price Group, Inc. $TROW

OFI Invest Asset Management increased its stake in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 78.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,125 shares of the asset manager’s stock after purchasing an additional 495 shares during the period. OFI Invest Asset Management’s holdings in T. Rowe Price Group were worth $109,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in T. Rowe Price Group by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 26,286,393 shares of the asset manager’s stock worth $2,414,931,000 after purchasing an additional 222,556 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in T. Rowe Price Group by 7.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 7,706,251 shares of the asset manager’s stock worth $707,973,000 after purchasing an additional 519,075 shares during the last quarter. Invesco Ltd. boosted its holdings in T. Rowe Price Group by 43.2% during the first quarter. Invesco Ltd. now owns 3,433,684 shares of the asset manager’s stock worth $315,453,000 after purchasing an additional 1,035,865 shares during the last quarter. American Century Companies Inc. boosted its holdings in T. Rowe Price Group by 4.9% during the first quarter. American Century Companies Inc. now owns 2,955,703 shares of the asset manager’s stock worth $271,541,000 after purchasing an additional 138,515 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in T. Rowe Price Group by 3.6% during the first quarter. Northern Trust Corp now owns 2,374,063 shares of the asset manager’s stock worth $218,105,000 after purchasing an additional 83,324 shares during the last quarter. 73.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on TROW. BMO Capital Markets began coverage on shares of T. Rowe Price Group in a report on Friday, October 3rd. They set a “market perform” rating and a $108.00 target price for the company. The Goldman Sachs Group increased their target price on shares of T. Rowe Price Group from $91.00 to $92.00 and gave the stock a “sell” rating in a report on Friday, October 3rd. Zacks Research cut shares of T. Rowe Price Group from a “strong-buy” rating to a “hold” rating in a report on Monday, September 8th. Wells Fargo & Company increased their target price on shares of T. Rowe Price Group from $98.00 to $108.00 and gave the stock an “equal weight” rating in a report on Friday, July 11th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of T. Rowe Price Group in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $106.15.

Insider Buying and Selling at T. Rowe Price Group

In other news, Director Robert F. Maclellan sold 3,090 shares of the 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 transaction, the director directly owned 47,335 shares of the company’s stock, valued at $4,970,648.35. This represents a 6.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is owned by insiders.

T. Rowe Price Group Price Performance

Shares of TROW stock opened at $101.43 on Monday. The stock has a market cap of $22.29 billion, a P/E ratio of 11.33, a P/E/G ratio of 6.51 and a beta of 1.50. The company has a fifty day moving average price of $105.82 and a two-hundred day moving average price of $98.49. T. Rowe Price Group, Inc. has a one year low of $77.85 and a one year high of $125.81.

T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly earnings results 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 firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.72 billion. T. Rowe Price Group had a net margin of 28.72% and a return on equity of 19.77%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the company posted $2.26 earnings per share. As a group, equities research analysts anticipate that T. Rowe Price Group, Inc. will post 9.29 EPS for the current fiscal year.

T. Rowe Price Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 15th were given 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 5.0%. T. Rowe Price Group’s dividend payout ratio is presently 56.76%.

T. Rowe Price Group Company 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.