T. Rowe Price Group, Inc. (TROW) Shares Bought by Ffcm LLC

Ffcm LLC raised its holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 1.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 38,205 shares of the asset manager’s stock after acquiring an additional 545 shares during the quarter. Ffcm LLC’s holdings in T. Rowe Price Group were worth $3,463,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in TROW. Great West Life Assurance Co. Can lifted its holdings in shares of T. Rowe Price Group by 7.3% in the 3rd quarter. Great West Life Assurance Co. Can now owns 286,090 shares of the asset manager’s stock worth $25,794,000 after buying an additional 19,477 shares during the period. Nordea Investment Management AB lifted its holdings in shares of T. Rowe Price Group by 3.9% in the 3rd quarter. Nordea Investment Management AB now owns 395,278 shares of the asset manager’s stock worth $35,832,000 after buying an additional 14,948 shares during the period. ETRADE Capital Management LLC purchased a new stake in shares of T. Rowe Price Group in the 3rd quarter worth $354,000. LMR Partners LLP purchased a new stake in shares of T. Rowe Price Group in the 3rd quarter worth $449,000. Finally, Van ECK Associates Corp lifted its holdings in shares of T. Rowe Price Group by 3.6% in the 3rd quarter. Van ECK Associates Corp now owns 217,131 shares of the asset manager’s stock worth $19,683,000 after buying an additional 7,542 shares during the period. 72.60% of the stock is currently owned by institutional investors.

In related news, insider Jessica M. Hiebler sold 1,000 shares of the company’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $84.29, for a total transaction of $84,290.00. Following the transaction, the insider now directly owns 8,461 shares of the company’s stock, valued at approximately $713,177.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Anne M. Whittemore sold 4,163 shares of the company’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $90.64, for a total value of $377,334.32. Following the transaction, the director now directly owns 29,070 shares in the company, valued at $2,634,904.80. The disclosure for this sale can be found here. Insiders have sold a total of 32,623 shares of company stock worth $3,040,574 over the last ninety days. 3.60% of the stock is currently owned by corporate insiders.

Several brokerages have weighed in on TROW. UBS AG upped their target price on T. Rowe Price Group from $69.00 to $72.00 and gave the stock a “sell” rating in a report on Friday, October 27th. Barclays PLC upped their price objective on T. Rowe Price Group from $79.00 to $84.00 and gave the stock an “underweight” rating in a research note on Friday, October 27th. Citigroup Inc. upped their price objective on T. Rowe Price Group from $94.00 to $95.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. Jefferies Group LLC restated a “buy” rating and set a $104.00 price objective (up from $96.00) on shares of T. Rowe Price Group in a research note on Tuesday, October 10th. Finally, Morgan Stanley upgraded T. Rowe Price Group from an “underweight” rating to an “equal” rating and upped their price objective for the stock from $77.00 to $93.00 in a research note on Thursday, October 5th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $89.50.

T. Rowe Price Group, Inc. (TROW) opened at $97.88 on Friday. T. Rowe Price Group, Inc. has a 1 year low of $65.33 and a 1 year high of $98.31. The stock has a market capitalization of $23,717.30, a PE ratio of 19.12, a P/E/G ratio of 1.80 and a beta of 1.29.

T. Rowe Price Group (NASDAQ:TROW) last announced its earnings results on Thursday, October 26th. The asset manager reported $1.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.20. T. Rowe Price Group had a return on equity of 24.76% and a net margin of 33.10%. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period in the prior year, the company posted $1.17 EPS. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. research analysts predict that T. Rowe Price Group, Inc. will post 5.29 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, December 14th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.33%. The ex-dividend date is Wednesday, December 13th. T. Rowe Price Group’s dividend payout ratio is currently 37.38%.

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T. Rowe Price Group Profile

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.

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

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