Fenimore Asset Management Inc. increased its stake in shares of T. Rowe Price Group Inc. (NASDAQ:TROW) by 11.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 491,250 shares of the company’s stock after buying an additional 48,575 shares during the period. T. Rowe Price Group makes up about 1.6% of Fenimore Asset Management Inc.’s portfolio, making the stock its 25th largest position. Fenimore Asset Management Inc. owned 0.20% of T. Rowe Price Group worth $32,668,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of T. Rowe Price Group by 2.2% in the second quarter. Vanguard Group Inc. now owns 16,984,709 shares of the company’s stock valued at $1,239,376,000 after buying an additional 362,416 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of T. Rowe Price Group by 1.3% in the second quarter. JPMorgan Chase & Co. now owns 11,341,487 shares of the company’s stock valued at $827,589,000 after buying an additional 141,941 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of T. Rowe Price Group by 1.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 6,649,826 shares of the company’s stock valued at $485,238,000 after buying an additional 126,349 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of T. Rowe Price Group by 4.2% in the second quarter. Ameriprise Financial Inc. now owns 4,608,429 shares of the company’s stock valued at $336,259,000 after buying an additional 186,943 shares during the last quarter. Finally, Generation Investment Management LLP raised its position in shares of T. Rowe Price Group by 4.3% in the second quarter. Generation Investment Management LLP now owns 3,887,714 shares of the company’s stock valued at $283,686,000 after buying an additional 161,664 shares during the last quarter. 69.64% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for T. Rowe Price Group (NASDAQ:TROW)

T. Rowe Price Group Inc. (NASDAQ:TROW) traded up 0.06% during midday trading on Wednesday, reaching $65.99. 1,258,989 shares of the company traded hands. The stock’s 50 day moving average is $67.55 and its 200 day moving average is $71.85. T. Rowe Price Group Inc. has a one year low of $63.57 and a one year high of $79.00. The company has a market capitalization of $16.40 billion, a price-to-earnings ratio of 15.90 and a beta of 1.17.

T. Rowe Price Group (NASDAQ:TROW) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.04. The business had revenue of $1,000 million for the quarter, compared to the consensus estimate of $1.03 billion. T. Rowe Price Group had a net margin of 25.77% and a return on equity of 22.25%. The company’s revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.24 earnings per share. On average, equities analysts anticipate that T. Rowe Price Group Inc. will post $4.24 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 29th. Shareholders of record on Thursday, September 15th were issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 3.28%. The ex-dividend date was Tuesday, September 13th. T. Rowe Price Group’s dividend payout ratio (DPR) is presently 52.17%.

Several equities analysts have recently weighed in on TROW shares. Deutsche Bank AG lowered shares of T. Rowe Price Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from $79.00 to $75.00 in a research report on Wednesday, July 20th. TheStreet lowered shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a research report on Tuesday, July 26th. Barclays PLC dropped their price objective on shares of T. Rowe Price Group from $78.00 to $76.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 9th. Zacks Investment Research lowered shares of T. Rowe Price Group from a “hold” rating to a “sell” rating in a research report on Tuesday, September 27th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of T. Rowe Price Group from $81.00 to $75.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 27th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $75.71.

About T. Rowe Price Group

T. Rowe Price Group, Inc is a financial services holding company. The Company provides global investment management services to individual and institutional investors in the sponsored T. Rowe Price mutual funds distributed in the United States and other investment portfolios. It operates through investment advisory business segment.

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