Universal Beteiligungs und Servicegesellschaft mbH Has $18.36 Million Stake in T. Rowe Price Group, Inc. $TROW

Universal Beteiligungs und Servicegesellschaft mbH decreased its position in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 0.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 190,252 shares of the asset manager’s stock after selling 955 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.09% of T. Rowe Price Group worth $18,359,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Invesco Ltd. raised its stake in T. Rowe Price Group by 43.2% during the 1st quarter. Invesco Ltd. now owns 3,433,684 shares of the asset manager’s stock worth $315,453,000 after buying an additional 1,035,865 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in T. Rowe Price Group by 7.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 7,706,251 shares of the asset manager’s stock valued at $707,973,000 after acquiring an additional 519,075 shares in the last quarter. ARGA Investment Management LP lifted its position in shares of T. Rowe Price Group by 3,807.3% in the second quarter. ARGA Investment Management LP now owns 477,161 shares of the asset manager’s stock worth $46,046,000 after purchasing an additional 464,949 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of T. Rowe Price Group during the 2nd quarter worth about $37,722,000. Finally, ProShare Advisors LLC raised its holdings in T. Rowe Price Group by 21.7% during the second quarter. ProShare Advisors LLC now owns 1,887,935 shares of the asset manager’s stock worth $182,186,000 after acquiring an additional 337,112 shares in the last quarter. Institutional investors and hedge funds own 73.39% of the company’s stock.

Insider Buying and Selling at T. Rowe Price Group

In other news, Director Robert F. Maclellan sold 3,090 shares of T. Rowe Price Group stock in a transaction 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 completion of the sale, the director owned 47,335 shares of the company’s stock, valued at approximately $4,970,648.35. This trade represents a 6.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of T. Rowe Price Group in a research report on Wednesday, October 8th. TD Cowen lifted their price objective on shares of T. Rowe Price Group from $108.00 to $112.00 and gave the company a “hold” rating in a research report on Monday, November 3rd. JPMorgan Chase & Co. boosted their price objective on shares of T. Rowe Price Group from $109.00 to $111.00 and gave the stock an “underweight” rating in a research note on Monday, November 3rd. Barclays set a $101.00 target price on shares of T. Rowe Price Group in a research note on Monday, November 3rd. Finally, Morgan Stanley lifted their price target on T. Rowe Price Group from $125.00 to $126.00 and gave the stock an “equal weight” rating in a report on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, T. Rowe Price Group has a consensus rating of “Reduce” and a consensus price target of $109.38.

T. Rowe Price Group Stock Up 0.1%

Shares of NASDAQ:TROW opened at $97.48 on Wednesday. T. Rowe Price Group, Inc. has a 12-month low of $77.85 and a 12-month high of $125.81. The business has a 50 day moving average of $103.62 and a 200-day moving average of $101.51. The stock has a market cap of $21.27 billion, a PE ratio of 10.89, a P/E/G ratio of 5.61 and a beta of 1.51.

T. Rowe Price Group (NASDAQ:TROW) last announced its earnings results on Friday, October 31st. The asset manager reported $2.81 earnings per share for the quarter, topping analysts’ consensus estimates of $2.55 by $0.26. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. T. Rowe Price Group had a return on equity of 19.77% and a net margin of 28.72%.The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.57 earnings per share. Equities research analysts expect that T. Rowe Price Group, Inc. will post 9.29 earnings per share for the current year.

T. Rowe Price Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 15th will be given a dividend of $1.27 per share. The ex-dividend date is Monday, December 15th. This represents a $5.08 annualized dividend and a yield of 5.2%. T. Rowe Price Group’s dividend payout ratio (DPR) is presently 55.34%.

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.