KBC Group NV grew its holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW – Free Report) by 18.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,640 shares of the asset manager’s stock after purchasing an additional 7,848 shares during the period. KBC Group NV’s holdings in T. Rowe Price Group were worth $4,565,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of TROW. TD Private Client Wealth LLC grew its stake in T. Rowe Price Group by 91.8% in the 4th quarter. TD Private Client Wealth LLC now owns 257 shares of the asset manager’s stock valued at $26,000 after buying an additional 123 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of T. Rowe Price Group by 540.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 282 shares of the asset manager’s stock worth $29,000 after acquiring an additional 238 shares in the last quarter. Canton Hathaway LLC bought a new position in shares of T. Rowe Price Group in the fourth quarter worth $31,000. Sound Income Strategies LLC boosted its holdings in shares of T. Rowe Price Group by 170.3% in the fourth quarter. Sound Income Strategies LLC now owns 300 shares of the asset manager’s stock worth $32,000 after acquiring an additional 189 shares during the period. Finally, DV Equities LLC purchased a new position in shares of T. Rowe Price Group in the fourth quarter valued at $32,000. 73.39% of the stock is currently owned by hedge funds and other institutional investors.
T. Rowe Price Group Stock Performance
NASDAQ:TROW opened at $114.95 on Friday. T. Rowe Price Group, Inc. has a 52-week low of $85.22 and a 52-week high of $121.17. The stock has a fifty day moving average of $109.89 and a 200 day moving average of $101.67. The firm has a market capitalization of $24.63 billion, a price-to-earnings ratio of 12.32, a P/E/G ratio of 4.16 and a beta of 1.47.
T. Rowe Price Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Monday, June 15th were given a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Monday, June 15th. T. Rowe Price Group’s dividend payout ratio is 55.73%.
Wall Street Analysts Forecast Growth
TROW has been the topic of a number of analyst reports. TD Cowen decreased their price objective on T. Rowe Price Group from $108.00 to $107.00 and set a “hold” rating on the stock in a research note on Monday. The Goldman Sachs Group lifted their target price on T. Rowe Price Group from $90.00 to $92.00 and gave the company a “sell” rating in a report on Tuesday, June 30th. Evercore set a $121.00 price target on T. Rowe Price Group in a research report on Friday, July 10th. Zacks Research raised shares of T. Rowe Price Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of T. Rowe Price Group from $107.00 to $120.00 and gave the company a “market perform” rating in a research report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $104.50.
View Our Latest Analysis on T. Rowe Price Group
Insiders Place Their Bets
In related news, VP Stephon A. Jackson sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $102.56, for a total value of $307,680.00. Following the sale, the vice president directly owned 83,883 shares of the company’s stock, valued at $8,603,040.48. This trade represents a 3.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.60% of the stock is owned by corporate insiders.
T. Rowe Price Group 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.
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