T. Rowe Price Group, Inc. (NASDAQ:TROW) Shares Purchased by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec grew its position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 382.1% during the third quarter, Holdings Channel reports. The firm owned 398,175 shares of the asset manager’s stock after acquiring an additional 315,581 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in T. Rowe Price Group were worth $43,373,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of TROW. Icon Wealth Advisors LLC boosted its stake in shares of T. Rowe Price Group by 10.3% in the third quarter. Icon Wealth Advisors LLC now owns 1,976 shares of the asset manager’s stock valued at $215,000 after purchasing an additional 184 shares during the period. Martingale Asset Management L P purchased a new position in T. Rowe Price Group in the 3rd quarter valued at approximately $446,000. Vinva Investment Management Ltd grew its stake in shares of T. Rowe Price Group by 73.5% in the third quarter. Vinva Investment Management Ltd now owns 32,876 shares of the asset manager’s stock worth $3,600,000 after acquiring an additional 13,927 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of T. Rowe Price Group by 4.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,375,306 shares of the asset manager’s stock worth $149,812,000 after acquiring an additional 53,997 shares during the period. Finally, Public Sector Pension Investment Board raised its stake in shares of T. Rowe Price Group by 2.4% in the third quarter. Public Sector Pension Investment Board now owns 38,778 shares of the asset manager’s stock valued at $4,224,000 after acquiring an additional 900 shares in the last quarter. 73.39% of the stock is currently owned by hedge funds and other institutional investors.

T. Rowe Price Group Price Performance

NASDAQ TROW opened at $123.84 on Monday. The company has a fifty day moving average of $113.76 and a two-hundred day moving average of $112.82. T. Rowe Price Group, Inc. has a 1 year low of $97.50 and a 1 year high of $124.83. The company has a market capitalization of $27.51 billion, a PE ratio of 13.55, a P/E/G ratio of 1.74 and a beta of 1.41.

T. Rowe Price Group (NASDAQ:TROW) last released its quarterly earnings results on Friday, November 1st. The asset manager reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.21. T. Rowe Price Group had a return on equity of 20.35% and a net margin of 30.35%. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter last year, the business posted $2.17 EPS. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, research analysts expect that T. Rowe Price Group, Inc. will post 9.39 earnings per share for the current year.

T. Rowe Price Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a $1.24 dividend. The ex-dividend date is Friday, December 13th. This represents a $4.96 dividend on an annualized basis and a dividend yield of 4.01%. T. Rowe Price Group’s payout ratio is 54.27%.

Analysts Set New Price Targets

TROW has been the topic of several recent research reports. Evercore ISI upped their price target on T. Rowe Price Group from $112.00 to $113.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. Wells Fargo & Company upped their target price on shares of T. Rowe Price Group from $109.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. decreased their price target on shares of T. Rowe Price Group from $116.00 to $115.00 and set an “underweight” rating for the company in a research note on Monday, November 4th. TD Cowen dropped their price objective on shares of T. Rowe Price Group from $120.00 to $116.00 and set a “hold” rating on the stock in a research report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of T. Rowe Price Group from $115.00 to $120.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Four analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to MarketBeat.com, T. Rowe Price Group has a consensus rating of “Hold” and an average target price of $115.55.

Insider Activity at T. Rowe Price Group

In other news, VP Andrew Justin Mackenzi Thomson sold 11,969 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $102.83, for a total value of $1,230,772.27. Following the transaction, the vice president now owns 123,624 shares of the company’s stock, valued at approximately $12,712,255.92. The trade was a 8.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jessica M. Hiebler sold 484 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $104.73, for a total value of $50,689.32. Following the sale, the insider now owns 13,939 shares of the company’s stock, valued at $1,459,831.47. This trade represents a 3.36 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.

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.