T. Rowe Price Group, Inc. $TROW Stock Holdings Decreased by Forsta AP Fonden

Forsta AP Fonden decreased its stake in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 49.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 59,400 shares of the asset manager’s stock after selling 57,800 shares during the period. Forsta AP Fonden’s holdings in T. Rowe Price Group were worth $5,732,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of TROW. TFG Advisers LLC lifted its holdings in T. Rowe Price Group by 3.6% during the 2nd quarter. TFG Advisers LLC now owns 2,779 shares of the asset manager’s stock worth $268,000 after buying an additional 97 shares during the last quarter. Bill Few Associates Inc. raised its position in shares of T. Rowe Price Group by 4.3% during the 2nd quarter. Bill Few Associates Inc. now owns 2,577 shares of the asset manager’s stock valued at $249,000 after acquiring an additional 107 shares in the last quarter. Cooper Financial Group raised its position in shares of T. Rowe Price Group by 5.2% during the 1st quarter. Cooper Financial Group now owns 2,234 shares of the asset manager’s stock valued at $205,000 after acquiring an additional 110 shares in the last quarter. Associated Banc Corp lifted its stake in T. Rowe Price Group by 0.5% during the first quarter. Associated Banc Corp now owns 24,864 shares of the asset manager’s stock worth $2,284,000 after purchasing an additional 114 shares during the last quarter. Finally, Dakota Wealth Management boosted its holdings in T. Rowe Price Group by 4.7% in the second quarter. Dakota Wealth Management now owns 2,537 shares of the asset manager’s stock worth $245,000 after purchasing an additional 114 shares during the period. 73.39% of the stock is currently owned by institutional investors and hedge funds.

T. Rowe Price Group Trading Down 1.9%

TROW opened at $101.72 on Friday. T. Rowe Price Group, Inc. has a twelve month low of $77.85 and a twelve month high of $125.81. The stock has a market cap of $22.20 billion, a PE ratio of 11.37, a price-to-earnings-growth ratio of 5.61 and a beta of 1.51. The business’s 50 day moving average is $104.02 and its 200-day moving average is $101.23.

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, beating the consensus estimate of $2.55 by $0.26. T. Rowe Price Group had a return on equity of 19.77% and a net margin of 28.72%.The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the previous year, the business earned $2.57 EPS. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, analysts forecast 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 announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 15th will be given a $1.27 dividend. This represents a $5.08 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Monday, December 15th. T. Rowe Price Group’s dividend payout ratio is currently 55.34%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of T. Rowe Price Group from $112.00 to $113.00 and gave the stock a “hold” rating in a research report on Friday. Keefe, Bruyette & Woods lifted their target price on T. Rowe Price Group from $115.00 to $117.00 and gave the company a “market perform” rating in a research note on Monday, November 3rd. JPMorgan Chase & Co. upped their target price on T. Rowe Price Group from $109.00 to $111.00 and gave the company an “underweight” rating in a report on Monday, November 3rd. TD Cowen raised their price target on T. Rowe Price Group from $108.00 to $112.00 and gave the stock a “hold” rating in a report on Monday, November 3rd. Finally, Citigroup boosted their price objective on T. Rowe Price Group from $105.00 to $107.00 in a research report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $109.38.

Insider Transactions at T. Rowe Price Group

In other T. Rowe Price Group news, Director Robert F. Maclellan sold 3,090 shares of the firm’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $105.01, for a total transaction of $324,480.90. Following the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.00% of the stock is owned by corporate 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.