Lbp Am Sa Purchases 30,226 Shares of T. Rowe Price Group, Inc. $TROW

Lbp Am Sa lifted its position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 23.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 156,879 shares of the asset manager’s stock after acquiring an additional 30,226 shares during the period. Lbp Am Sa’s holdings in T. Rowe Price Group were worth $16,061,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in TROW. Woodline Partners LP lifted its holdings in shares of T. Rowe Price Group by 41.0% during the 1st quarter. Woodline Partners LP now owns 18,809 shares of the asset manager’s stock worth $1,728,000 after acquiring an additional 5,467 shares during the period. Focus Partners Wealth lifted its holdings in shares of T. Rowe Price Group by 10.6% during the 1st quarter. Focus Partners Wealth now owns 13,054 shares of the asset manager’s stock worth $1,199,000 after acquiring an additional 1,250 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of T. Rowe Price Group by 44.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,546 shares of the asset manager’s stock worth $149,000 after acquiring an additional 478 shares during the period. Jump Financial LLC bought a new stake in shares of T. Rowe Price Group during the 2nd quarter worth approximately $931,000. Finally, Daiwa Securities Group Inc. lifted its stake in T. Rowe Price Group by 5.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 33,245 shares of the asset manager’s stock valued at $3,208,000 after purchasing an additional 1,703 shares during the last quarter. Institutional investors own 73.39% of the company’s stock.

T. Rowe Price Group Stock Performance

Shares of NASDAQ TROW opened at $96.11 on Thursday. T. Rowe Price Group, Inc. has a 52-week low of $82.86 and a 52-week high of $118.22. The firm has a 50 day moving average price of $91.72 and a two-hundred day moving average price of $99.58. The stock has a market cap of $20.91 billion, a P/E ratio of 10.39, a price-to-earnings-growth ratio of 4.15 and a beta of 1.50.

T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly earnings results on Wednesday, February 4th. The asset manager reported $2.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.47 by ($0.03). T. Rowe Price Group had a net margin of 28.53% and a return on equity of 20.29%. The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same quarter last year, the company posted $2.12 earnings per share. The company’s revenue was up 6.0% compared to the same quarter last year. Analysts predict that T. Rowe Price Group, Inc. will post 9.29 earnings per share for the current fiscal year.

T. Rowe Price Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Monday, March 16th were given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 5.4%. This is a boost from T. Rowe Price Group’s previous quarterly dividend of $1.27. The ex-dividend date was Monday, March 16th. T. Rowe Price Group’s dividend payout ratio is currently 56.22%.

Analyst Ratings Changes

Several brokerages recently commented on TROW. Argus raised shares of T. Rowe Price Group to a “hold” rating in a research note on Thursday, February 5th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of T. Rowe Price Group from $106.00 to $100.00 and set a “hold” rating for the company in a research note on Thursday, February 5th. Keefe, Bruyette & Woods dropped their price objective on shares of T. Rowe Price Group from $110.00 to $95.00 and set a “market perform” rating for the company in a research note on Wednesday, April 8th. TD Cowen dropped their price objective on shares of T. Rowe Price Group from $97.00 to $93.00 and set a “hold” rating for the company in a research note on Thursday, April 9th. Finally, Bank of America increased their price objective on shares of T. Rowe Price Group from $85.00 to $86.00 in a research note on Wednesday, January 14th. Ten analysts have rated the stock with a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $97.38.

T. Rowe Price Group Company Profile

T. Rowe Price Group, Inc is a global investment management firm headquartered in Baltimore, Maryland, founded by Thomas Rowe Price Jr. in 1937. The company provides a broad range of investment products and services for individual investors, financial intermediaries, retirement plan sponsors and institutional clients. Its offerings are built around active investment management and in-house research across equity, fixed income and multi-asset strategies, reflecting a long history as a research-driven asset manager.

The firm’s product lineup includes mutual funds, separate accounts, collective investment trusts, target-date and target-risk funds, and managed account solutions, as well as services for defined contribution and defined benefit retirement plans.