Nicholas Company Inc. maintained its stake in T. Rowe Price Group, Inc. (NASDAQ:TROW) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,000 shares of the asset manager’s stock at the close of the second quarter. Nicholas Company Inc.’s holdings in T. Rowe Price Group were worth $1,335,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Gabelli Funds LLC lifted its position in T. Rowe Price Group by 16.6% during the first quarter. Gabelli Funds LLC now owns 516,000 shares of the asset manager’s stock worth $35,165,000 after buying an additional 73,400 shares in the last quarter. British Columbia Investment Management Corp lifted its position in T. Rowe Price Group by 47.4% during the first quarter. British Columbia Investment Management Corp now owns 256,180 shares of the asset manager’s stock worth $17,459,000 after buying an additional 82,409 shares in the last quarter. JPMorgan Chase & Co. lifted its position in T. Rowe Price Group by 1.3% during the second quarter. JPMorgan Chase & Co. now owns 11,756,348 shares of the asset manager’s stock worth $872,439,000 after buying an additional 156,326 shares in the last quarter. Ffcm LLC lifted its position in T. Rowe Price Group by 6.4% during the second quarter. Ffcm LLC now owns 37,660 shares of the asset manager’s stock worth $2,795,000 after buying an additional 2,261 shares in the last quarter. Finally, Bridgewater Associates LP lifted its position in T. Rowe Price Group by 14.9% during the first quarter. Bridgewater Associates LP now owns 131,857 shares of the asset manager’s stock worth $8,986,000 after buying an additional 17,119 shares in the last quarter. Hedge funds and other institutional investors own 73.62% of the company’s stock.

In other T. Rowe Price Group news, Director Anne M. Whittemore sold 8,326 shares of the stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $82.03, for a total transaction of $682,981.78. Following the transaction, the director now owns 28,982 shares of the company’s stock, valued at approximately $2,377,393.46. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider David Oestreicher sold 10,394 shares of the stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $83.07, for a total value of $863,429.58. Following the transaction, the insider now directly owns 82,299 shares in the company, valued at approximately $6,836,577.93. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,720 shares of company stock worth $1,630,701. Corporate insiders own 3.60% of the company’s stock.

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Shares of T. Rowe Price Group, Inc. (TROW) opened at 85.35 on Tuesday. The stock has a market cap of $20.51 billion, a P/E ratio of 14.65 and a beta of 1.24. T. Rowe Price Group, Inc. has a 52-week low of $62.97 and a 52-week high of $85.46. The firm has a 50-day moving average price of $83.39 and a 200-day moving average price of $75.33.

T. Rowe Price Group (NASDAQ:TROW) last issued its quarterly earnings results on Tuesday, July 25th. The asset manager reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.01. T. Rowe Price Group had a return on equity of 24.38% and a net margin of 32.64%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the company posted $0.76 EPS. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. On average, analysts anticipate that T. Rowe Price Group, Inc. will post $5.65 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, September 14th will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date is Wednesday, September 13th. T. Rowe Price Group’s dividend payout ratio is presently 39.18%.

A number of brokerages recently commented on TROW. Zacks Investment Research downgraded T. Rowe Price Group from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Barclays PLC began coverage on T. Rowe Price Group in a research report on Friday, September 8th. They set an “underweight” rating and a $79.00 price objective on the stock. Jefferies Group LLC reiterated a “buy” rating and set a $96.00 price objective on shares of T. Rowe Price Group in a research report on Sunday, August 20th. BidaskClub upgraded T. Rowe Price Group from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 14th. Finally, ValuEngine upgraded T. Rowe Price Group from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. T. Rowe Price Group has a consensus rating of “Hold” and an average price target of $81.30.

About T. Rowe Price Group

T. Rowe Price Group, Inc is a financial services holding company. The Company provides global investment management services through its subsidiaries to investors across the world. The Company provides an array of Company sponsored the United States mutual funds, other sponsored pooled investment vehicles, sub advisory services, separate account management, recordkeeping, and related services to individuals, advisors, institutions, financial intermediaries and retirement plan sponsors.

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

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