GAMMA Investing LLC Buys Shares of 1,282 T. Rowe Price Group, Inc. (NASDAQ:TROW)

GAMMA Investing LLC bought a new stake in T. Rowe Price Group, Inc. (NASDAQ:TROW) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,282 shares of the asset manager’s stock, valued at approximately $139,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TROW. Czech National Bank lifted its holdings in T. Rowe Price Group by 47.5% in the 3rd quarter. Czech National Bank now owns 39,202 shares of the asset manager’s stock valued at $4,111,000 after purchasing an additional 12,618 shares in the last quarter. Simplicity Solutions LLC lifted its holdings in shares of T. Rowe Price Group by 3.4% during the 3rd quarter. Simplicity Solutions LLC now owns 3,391 shares of the asset manager’s stock worth $356,000 after acquiring an additional 112 shares during the period. Trust Co. of Toledo NA OH lifted its holdings in shares of T. Rowe Price Group by 86.8% during the 3rd quarter. Trust Co. of Toledo NA OH now owns 4,368 shares of the asset manager’s stock worth $458,000 after acquiring an additional 2,030 shares during the period. Ascent Wealth Partners LLC purchased a new position in shares of T. Rowe Price Group during the 3rd quarter worth about $206,000. Finally, ST Germain D J Co. Inc. lifted its holdings in shares of T. Rowe Price Group by 13.1% during the 3rd quarter. ST Germain D J Co. Inc. now owns 29,211 shares of the asset manager’s stock worth $3,063,000 after acquiring an additional 3,376 shares during the period. 73.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at T. Rowe Price Group

In other T. Rowe Price Group news, insider Jessica M. Hiebler sold 1,138 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $107.13, for a total value of $121,913.94. Following the completion of the sale, the insider now owns 14,113 shares of the company’s stock, valued at $1,511,925.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Jessica M. Hiebler sold 1,138 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $107.13, for a total transaction of $121,913.94. Following the completion of the sale, the insider now owns 14,113 shares of the company’s stock, valued at $1,511,925.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Freeman A. Hrabowski III sold 8,740 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $118.32, for a total transaction of $1,034,116.80. Following the sale, the director now directly owns 21,073 shares of the company’s stock, valued at approximately $2,493,357.36. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.

T. Rowe Price Group Stock Up 4.8 %

Shares of NASDAQ:TROW opened at $114.02 on Friday. T. Rowe Price Group, Inc. has a 52-week low of $87.43 and a 52-week high of $132.76. The company has a 50 day moving average of $115.10 and a two-hundred day moving average of $107.08. The company has a market capitalization of $25.50 billion, a price-to-earnings ratio of 13.54, a price-to-earnings-growth ratio of 2.14 and a beta of 1.40.

T. Rowe Price Group (NASDAQ:TROW) last issued its quarterly earnings data on Friday, April 26th. The asset manager reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.34. T. Rowe Price Group had a net margin of 27.69% and a return on equity of 18.41%. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter last year, the company earned $1.69 earnings per share. T. Rowe Price Group’s revenue for the quarter was up 13.8% on a year-over-year basis. On average, equities analysts anticipate that T. Rowe Price Group, Inc. will post 8.36 earnings per share for the current year.

T. Rowe Price Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a $1.24 dividend. This is an increase from T. Rowe Price Group’s previous quarterly dividend of $1.22. The ex-dividend date was Thursday, March 14th. This represents a $4.96 annualized dividend and a yield of 4.35%. T. Rowe Price Group’s dividend payout ratio (DPR) is 58.91%.

Analyst Upgrades and Downgrades

TROW has been the topic of several recent analyst reports. Citigroup increased their price objective on shares of T. Rowe Price Group from $110.00 to $125.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Wells Fargo & Company increased their price objective on shares of T. Rowe Price Group from $105.00 to $108.00 and gave the stock an “underweight” rating in a report on Friday, February 9th. StockNews.com lowered shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a report on Friday, February 9th. UBS Group raised their price target on shares of T. Rowe Price Group from $100.00 to $109.00 and gave the company a “sell” rating in a report on Friday, April 12th. Finally, Morgan Stanley raised their price target on shares of T. Rowe Price Group from $114.00 to $125.00 and gave the company an “equal weight” rating in a report on Wednesday, April 17th. Four analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat, T. Rowe Price Group has a consensus rating of “Hold” and an average price target of $112.67.

About T. Rowe Price Group

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.