Smithbridge Asset Management Inc. DE increased its position in T. Rowe Price Group Inc. (NASDAQ:TROW) by 1.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 36,135 shares of the company’s stock after buying an additional 400 shares during the period. T. Rowe Price Group makes up about 2.2% of Smithbridge Asset Management Inc. DE’s investment portfolio, making the stock its 19th largest position. Smithbridge Asset Management Inc. DE’s holdings in T. Rowe Price Group were worth $2,403,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the company. Fenimore Asset Management Inc. boosted its stake in T. Rowe Price Group by 11.0% in the third quarter. Fenimore Asset Management Inc. now owns 491,250 shares of the company’s stock valued at $32,668,000 after buying an additional 48,575 shares in the last quarter. Schroder Investment Management Group raised its position in shares of T. Rowe Price Group by 28.6% in the second quarter. Schroder Investment Management Group now owns 1,023,736 shares of the company’s stock worth $74,702,000 after buying an additional 227,458 shares during the last quarter. Dean Investment Associates LLC raised its position in shares of T. Rowe Price Group by 94.3% in the second quarter. Dean Investment Associates LLC now owns 17,555 shares of the company’s stock worth $1,281,000 after buying an additional 8,521 shares during the last quarter. BlackRock Advisors LLC raised its position in shares of T. Rowe Price Group by 1.9% in the second quarter. BlackRock Advisors LLC now owns 247,307 shares of the company’s stock worth $18,046,000 after buying an additional 4,571 shares during the last quarter. Finally, First Manhattan Co. raised its position in shares of T. Rowe Price Group by 219.9% in the second quarter. First Manhattan Co. now owns 110,673 shares of the company’s stock worth $8,075,000 after buying an additional 76,073 shares during the last quarter. Institutional investors and hedge funds own 69.82% of the company’s stock.

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

Shares of T. Rowe Price Group Inc. (NASDAQ:TROW) traded up 0.31% on Tuesday, hitting $73.38. The stock had a trading volume of 1,079,629 shares. T. Rowe Price Group Inc. has a 12-month low of $62.97 and a 12-month high of $79.00. The stock has a 50 day moving average of $67.91 and a 200 day moving average of $70.13. The firm has a market cap of $17.86 billion, a price-to-earnings ratio of 16.56 and a beta of 1.21.

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

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 29th. Shareholders of record on Thursday, December 15th will be paid a $0.54 dividend. The ex-dividend date is Tuesday, December 13th. This represents a $2.16 annualized dividend and a yield of 2.94%. T. Rowe Price Group’s payout ratio is currently 49.54%.

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A number of equities analysts recently commented on TROW shares. Zacks Investment Research raised T. Rowe Price Group from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research note on Tuesday, October 25th. Jefferies Group dropped their price target on T. Rowe Price Group from $83.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday, October 11th. Citigroup Inc. reissued a “neutral” rating on shares of T. Rowe Price Group in a research note on Sunday, October 30th. UBS AG raised T. Rowe Price Group from a “neutral” rating to a “buy” rating and increased their price target for the company from $66.00 to $82.00 in a research note on Thursday, November 10th. Finally, Barclays PLC lowered their price objective on T. Rowe Price Group from $72.00 to $68.00 and set an “equal weight” rating for the company in a research note on Thursday, October 13th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $75.00.

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.

5 Day Chart for NASDAQ:TROW

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