Mn Services Vermogensbeheer B.V. Has $9.85 Million Position in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Mn Services Vermogensbeheer B.V. grew its position in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 1.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 87,133 shares of the asset manager’s stock after buying an additional 1,400 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in T. Rowe Price Group were worth $9,854,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Private Advisor Group LLC grew its stake in T. Rowe Price Group by 10.4% in the 3rd quarter. Private Advisor Group LLC now owns 12,060 shares of the asset manager’s stock valued at $1,314,000 after buying an additional 1,134 shares during the last quarter. Pallas Capital Advisors LLC lifted its holdings in shares of T. Rowe Price Group by 10.6% during the 3rd quarter. Pallas Capital Advisors LLC now owns 3,964 shares of the asset manager’s stock worth $444,000 after acquiring an additional 380 shares during the period. abrdn plc lifted its holdings in shares of T. Rowe Price Group by 4.2% during the 3rd quarter. abrdn plc now owns 114,587 shares of the asset manager’s stock worth $12,412,000 after acquiring an additional 4,569 shares during the period. Pinnacle Associates Ltd. lifted its holdings in shares of T. Rowe Price Group by 4.8% during the 3rd quarter. Pinnacle Associates Ltd. now owns 16,186 shares of the asset manager’s stock worth $1,743,000 after acquiring an additional 741 shares during the period. Finally, JFS Wealth Advisors LLC lifted its holdings in shares of T. Rowe Price Group by 560.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 502 shares of the asset manager’s stock worth $55,000 after acquiring an additional 426 shares during the period. Institutional investors and hedge funds own 73.39% of the company’s stock.

T. Rowe Price Group Trading Up 1.9 %

T. Rowe Price Group stock opened at $105.72 on Friday. T. Rowe Price Group, Inc. has a 1-year low of $100.49 and a 1-year high of $125.81. The firm has a market capitalization of $23.54 billion, a price-to-earnings ratio of 11.54, a price-to-earnings-growth ratio of 2.86 and a beta of 1.44. The firm’s fifty day moving average price is $111.75 and its two-hundred day moving average price is $112.33.

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 analysts’ consensus estimates 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 quarter in the prior year, the business earned $1.72 earnings per share. On average, research analysts forecast that T. Rowe Price Group, Inc. will post 9.29 EPS for the current year.

T. Rowe Price Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $1.27 dividend. This represents a $5.08 dividend on an annualized basis and a dividend yield of 4.81%. This is a positive change from T. Rowe Price Group’s previous quarterly dividend of $1.24. The ex-dividend date of this dividend is Friday, March 14th. T. Rowe Price Group’s dividend payout ratio (DPR) is 55.46%.

Insider Buying and Selling at T. Rowe Price Group

In related news, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $123.35, for a total transaction of $499,197.45. Following the transaction, the vice president now directly owns 119,577 shares of the company’s stock, valued at $14,749,822.95. This trade represents a 3.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Arif Husain sold 4,112 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $109.27, for a total transaction of $449,318.24. Following the transaction, the vice president now directly owns 36,800 shares in the company, valued at $4,021,136. The trade was a 10.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

TROW has been the subject of several research reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of T. Rowe Price Group from $115.00 to $120.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Morgan Stanley dropped their price target on shares of T. Rowe Price Group from $126.00 to $121.00 and set an “equal weight” rating for the company in a research note on Monday, February 24th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set 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. Wells Fargo & Company dropped their price target on shares of T. Rowe Price Group from $118.00 to $116.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of T. Rowe Price Group from $116.00 to $115.00 and set an “underweight” rating for the company in a research report on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $114.09.

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.