T. Rowe Price Group, Inc. $TROW Shares Bought by Revisor Wealth Management LLC

Revisor Wealth Management LLC grew its position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 5.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,460 shares of the asset manager’s stock after acquiring an additional 186 shares during the quarter. Revisor Wealth Management LLC’s holdings in T. Rowe Price Group were worth $355,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TROW. Zions Bancorporation National Association UT acquired a new stake in T. Rowe Price Group during the first quarter worth about $27,000. Hexagon Capital Partners LLC increased its stake in T. Rowe Price Group by 44.8% during the first quarter. Hexagon Capital Partners LLC now owns 365 shares of the asset manager’s stock worth $34,000 after acquiring an additional 113 shares during the last quarter. Smallwood Wealth Investment Management LLC acquired a new stake in T. Rowe Price Group during the first quarter worth about $39,000. Chilton Capital Management LLC acquired a new stake in T. Rowe Price Group during the first quarter worth about $41,000. Finally, Ameriflex Group Inc. acquired a new stake in T. Rowe Price Group during the fourth quarter worth about $42,000. 73.39% of the stock is currently owned by institutional investors and hedge funds.

T. Rowe Price Group Stock Down 0.6%

Shares of NASDAQ TROW opened at $104.66 on Wednesday. The stock’s 50 day moving average price is $106.23 and its two-hundred day moving average price is $97.63. T. Rowe Price Group, Inc. has a 52-week low of $77.85 and a 52-week high of $125.81. The stock has a market capitalization of $22.99 billion, a P/E ratio of 11.69, a PEG ratio of 2.73 and a beta of 1.51.

T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly earnings results on Friday, August 1st. The asset manager reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.09. The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.72 billion. T. Rowe Price Group had a return on equity of 19.77% and a net margin of 28.72%.The business’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.26 EPS. On average, analysts anticipate that T. Rowe Price Group, Inc. will post 9.29 EPS for the current year.

T. Rowe Price Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 15th will be given a dividend of $1.27 per share. This represents a $5.08 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Monday, September 15th. T. Rowe Price Group’s dividend payout ratio is presently 56.76%.

Analyst Ratings Changes

TROW has been the subject of several analyst reports. Morgan Stanley upped their target price on T. Rowe Price Group from $112.00 to $116.00 and gave the stock an “equal weight” rating in a research report on Monday, August 4th. Zacks Research downgraded T. Rowe Price Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 8th. JPMorgan Chase & Co. upped their target price on T. Rowe Price Group from $98.00 to $102.00 and gave the stock an “underweight” rating in a research report on Monday, August 4th. Wells Fargo & Company upped their target price on T. Rowe Price Group from $98.00 to $108.00 and gave the stock an “equal weight” rating in a research report on Friday, July 11th. Finally, Barclays reaffirmed an “underweight” rating and issued a $95.00 target price (up previously from $91.00) on shares of T. Rowe Price Group in a research report on Monday, August 4th. One analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, T. Rowe Price Group currently has an average rating of “Reduce” and an average target price of $101.55.

Insider Buying and Selling at T. Rowe Price Group

In other news, Director Robert F. Maclellan sold 3,090 shares of the stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $105.01, for a total transaction of $324,480.90. Following the sale, the director directly owned 47,335 shares in the company, valued at approximately $4,970,648.35. This represents a 6.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.60% of the company’s stock.

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.