Kintegral Advisory LLC Sells 1,582 Shares of T. Rowe Price Group, Inc. (NASDAQ:TROW)

Kintegral Advisory LLC decreased its position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 4.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,957 shares of the asset manager’s stock after selling 1,582 shares during the period. Kintegral Advisory LLC’s holdings in T. Rowe Price Group were worth $3,840,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in TROW. Advantage Trust Co grew its stake in shares of T. Rowe Price Group by 48.8% in the fourth quarter. Advantage Trust Co now owns 305 shares of the asset manager’s stock valued at $34,000 after acquiring an additional 100 shares in the last quarter. PYA Waltman Capital LLC boosted its holdings in T. Rowe Price Group by 2.2% in the 4th quarter. PYA Waltman Capital LLC now owns 17,053 shares of the asset manager’s stock valued at $1,929,000 after purchasing an additional 371 shares during the period. Nicholson Wealth Management Group LLC grew its position in shares of T. Rowe Price Group by 122.9% during the 4th quarter. Nicholson Wealth Management Group LLC now owns 12,988 shares of the asset manager’s stock worth $1,469,000 after purchasing an additional 7,162 shares in the last quarter. Mattern Capital Management LLC increased its holdings in shares of T. Rowe Price Group by 2.5% during the fourth quarter. Mattern Capital Management LLC now owns 74,212 shares of the asset manager’s stock worth $8,393,000 after purchasing an additional 1,837 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund raised its position in shares of T. Rowe Price Group by 40.2% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 9,240 shares of the asset manager’s stock valued at $1,045,000 after buying an additional 2,649 shares in the last quarter. Institutional investors own 73.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on TROW shares. Deutsche Bank Aktiengesellschaft increased their price target on 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. Morgan Stanley raised their price target on T. Rowe Price Group from $129.00 to $132.00 and gave the stock an “equal weight” rating in a research report on Friday, December 20th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $113.00 price target (up previously from $111.00) on shares of T. Rowe Price Group in a research note on Thursday, February 6th. JPMorgan Chase & Co. reduced their price objective on shares of T. Rowe Price Group from $116.00 to $115.00 and set an “underweight” rating on the stock in a research note on Monday, November 4th. Finally, Barclays dropped their target price on shares of T. Rowe Price Group from $113.00 to $105.00 and set an “underweight” rating for the company in a research report on Thursday, February 6th. Four analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $115.09.

T. Rowe Price Group Price Performance

Shares of T. Rowe Price Group stock opened at $106.27 on Friday. The company’s 50 day moving average price is $112.79 and its two-hundred day moving average price is $112.29. The firm has a market capitalization of $23.66 billion, a P/E ratio of 11.60, a P/E/G ratio of 2.86 and a beta of 1.44. T. Rowe Price Group, Inc. has a fifty-two week low of $100.49 and a fifty-two week high of $125.81.

T. Rowe Price Group (NASDAQ:TROW) last released its quarterly earnings data on Wednesday, February 5th. The asset manager reported $2.12 earnings per share for the quarter, missing the consensus estimate of $2.20 by ($0.08). T. Rowe Price Group had a net margin of 29.61% and a return on equity of 20.83%. During the same period last year, the company posted $1.72 EPS. On average, analysts expect that T. Rowe Price Group, Inc. will post 9.29 earnings per share for the current year.

T. Rowe Price Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $1.27 dividend. The ex-dividend date is Friday, March 14th. This represents a $5.08 annualized dividend and a dividend yield of 4.78%. This is an increase from T. Rowe Price Group’s previous quarterly dividend of $1.24. T. Rowe Price Group’s dividend payout ratio is currently 54.15%.

Insider Activity at T. Rowe Price Group

In related news, VP Arif Husain sold 4,112 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $109.27, for a total value of $449,318.24. Following the completion of the sale, the vice president now directly owns 36,800 shares in the company, valued at $4,021,136. This represents a 10.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of T. Rowe Price Group stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $123.35, for a total value of $499,197.45. Following the transaction, the vice president now directly owns 119,577 shares in the company, valued at $14,749,822.95. The trade was a 3.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is owned by company 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.