Trilogy Global Advisors LP cut its holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 47.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 189,781 shares of the asset manager’s stock after selling 170,109 shares during the quarter. Trilogy Global Advisors LP owned approximately 0.08% of T. Rowe Price Group worth $14,084,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in TROW. Russell Investments Group Ltd. grew its position in shares of T. Rowe Price Group by 11.2% in the first quarter. Russell Investments Group Ltd. now owns 40,642 shares of the asset manager’s stock valued at $2,771,000 after purchasing an additional 4,086 shares during the last quarter. Boston Partners acquired a new stake in shares of T. Rowe Price Group in the first quarter valued at approximately $557,000. Xact Kapitalforvaltning AB grew its position in shares of T. Rowe Price Group by 31.5% in the first quarter. Xact Kapitalforvaltning AB now owns 112,186 shares of the asset manager’s stock valued at $7,645,000 after purchasing an additional 26,861 shares during the last quarter. Pictet Asset Management Ltd. grew its position in shares of T. Rowe Price Group by 8.6% in the first quarter. Pictet Asset Management Ltd. now owns 255,638 shares of the asset manager’s stock valued at $17,422,000 after purchasing an additional 20,193 shares during the last quarter. Finally, MUFG Americas Holdings Corp grew its position in shares of T. Rowe Price Group by 47.5% in the first quarter. MUFG Americas Holdings Corp now owns 22,620 shares of the asset manager’s stock valued at $1,542,000 after purchasing an additional 7,280 shares during the last quarter. Institutional investors and hedge funds own 73.62% of the company’s stock.

In related news, insider David Oestreicher sold 10,394 shares of the company’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $83.07, for a total transaction of $863,429.58. Following the completion of the sale, the insider now directly owns 82,299 shares of the company’s stock, valued at approximately $6,836,577.93. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Anne M. Whittemore sold 8,326 shares of the company’s 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 sale, the director now directly owns 28,982 shares of the company’s stock, valued at $2,377,393.46. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,720 shares of company stock valued at $1,630,701. 3.60% of the stock is owned by insiders.

T. Rowe Price Group, Inc. (NASDAQ:TROW) traded up 0.13% during midday trading on Tuesday, reaching $85.46. 269,707 shares of the company traded hands. The stock has a market capitalization of $20.54 billion, a price-to-earnings ratio of 14.67 and a beta of 1.24. The firm has a 50 day moving average of $83.39 and a 200-day moving average of $75.33. T. Rowe Price Group, Inc. has a 12 month low of $62.97 and a 12 month high of $85.77.

T. Rowe Price Group (NASDAQ:TROW) last posted its earnings results on Tuesday, July 25th. The asset manager reported $1.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.01. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. T. Rowe Price Group had a net margin of 32.64% and a return on equity of 24.38%. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.76 earnings per share. Analysts forecast that T. Rowe Price Group, Inc. will post $5.65 EPS for the current fiscal year.

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

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Several analysts have recently commented on TROW shares. Barclays PLC assumed coverage on shares of T. Rowe Price Group in a research report on Friday, September 8th. They issued an “underweight” rating and a $79.00 price target on the stock. Jefferies Group LLC restated a “buy” rating and set a $96.00 target price on shares of T. Rowe Price Group in a research report on Sunday, August 20th. Zacks Investment Research upgraded shares of T. Rowe Price Group from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a research report on Tuesday, September 12th. Credit Suisse Group raised their target price on shares of T. Rowe Price Group from $70.00 to $90.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 26th. Finally, Citigroup Inc. raised their target price on shares of T. Rowe Price Group from $73.50 to $90.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 26th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $81.30.

T. Rowe Price Group Profile

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.

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

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