British Columbia Investment Management Corp decreased its stake in shares of T. Rowe Price Group Inc. (NASDAQ:TROW) by 19.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 163,004 shares of the company’s stock after selling 39,842 shares during the period. British Columbia Investment Management Corp owned 0.07% of T. Rowe Price Group worth $10,840,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in the stock. Raymond James Trust N.A. increased its stake in shares of T. Rowe Price Group by 21.8% in the third quarter. Raymond James Trust N.A. now owns 4,849 shares of the company’s stock valued at $322,000 after buying an additional 867 shares during the last quarter. Dynamic Advisors Solutions LLC purchased a new stake in shares of T. Rowe Price Group during the third quarter valued at approximately $342,000. Oregon Public Employees Retirement Fund increased its stake in shares of T. Rowe Price Group by 7.2% in the third quarter. Oregon Public Employees Retirement Fund now owns 59,818 shares of the company’s stock valued at $3,978,000 after buying an additional 4,029 shares during the last quarter. Liberty Capital Management Inc. increased its stake in shares of T. Rowe Price Group by 14.2% in the third quarter. Liberty Capital Management Inc. now owns 26,530 shares of the company’s stock valued at $1,766,000 after buying an additional 3,295 shares during the last quarter. Finally, McQueen Ball & Associates Inc. increased its stake in shares of T. Rowe Price Group by 0.8% in the third quarter. McQueen Ball & Associates Inc. now owns 3,238 shares of the company’s stock valued at $215,000 after buying an additional 26 shares during the last quarter. Hedge funds and other institutional investors own 71.44% of the company’s stock.

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

T. Rowe Price Group Inc. (NASDAQ:TROW) traded up 0.20% during midday trading on Friday, reaching $74.43. 490,432 shares of the company’s stock traded hands. The company has a market capitalization of $18.12 billion, a price-to-earnings ratio of 16.79 and a beta of 1.21. The firm’s 50-day moving average is $67.72 and its 200-day moving average is $70.23. T. Rowe Price Group Inc. has a 1-year low of $62.97 and a 1-year high of $79.00.

T. Rowe Price Group (NASDAQ:TROW) last issued its earnings results on Thursday, October 27th. The company reported $1.17 EPS for the quarter, missing the Zacks’ consensus estimate of $1.18 by $0.01. The business earned $1.10 billion during the quarter, compared to analyst estimates of $1.08 billion. T. Rowe Price Group had a net margin of 26.71% and a return on equity of 24.78%. T. Rowe Price Group’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the company earned $1.06 earnings per share. Analysts forecast that T. Rowe Price Group Inc. will post $4.38 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 29th. Stockholders of record on Thursday, December 15th will be given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date of this dividend is Tuesday, December 13th. T. Rowe Price Group’s dividend payout ratio (DPR) is 49.54%.

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A number of analysts have issued reports on the stock. Barclays PLC reduced their price target on shares of T. Rowe Price Group from $78.00 to $76.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 9th. Deutsche Bank AG lifted their price target on shares of T. Rowe Price Group from $71.00 to $74.00 and gave the company a “hold” rating in a report on Friday, September 9th. UBS AG upgraded shares of T. Rowe Price Group from a “neutral” rating to a “buy” rating and lifted their price target for the company from $66.00 to $82.00 in a report on Thursday, November 10th. Zacks Investment Research upgraded shares of T. Rowe Price Group from a “sell” rating to a “hold” rating in a report on Friday, October 7th. Finally, Jefferies Group reduced their price target on shares of T. Rowe Price Group from $83.00 to $80.00 and set a “buy” rating on the stock in a report on Tuesday, October 11th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $75.00.

T. Rowe Price Group Company Profile

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.

5 Day Chart for NASDAQ:TROW

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