Roundview Capital LLC lessened its stake in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 71.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,454 shares of the asset manager’s stock after selling 16,315 shares during the period. Roundview Capital LLC’s holdings in T. Rowe Price Group were worth $479,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TROW. Russell Investments Group Ltd. boosted its stake in 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 acquiring an additional 4,086 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in T. Rowe Price Group by 10.7% in the first quarter. UBS Asset Management Americas Inc. now owns 1,374,372 shares of the asset manager’s stock valued at $93,663,000 after acquiring an additional 132,516 shares in the last quarter. Tdam USA Inc. boosted its stake in T. Rowe Price Group by 2.6% in the first quarter. Tdam USA Inc. now owns 3,209 shares of the asset manager’s stock valued at $219,000 after acquiring an additional 80 shares in the last quarter. Wedbush Securities Inc. boosted its stake in T. Rowe Price Group by 8.0% in the first quarter. Wedbush Securities Inc. now owns 8,589 shares of the asset manager’s stock valued at $585,000 after acquiring an additional 635 shares in the last quarter. Finally, Lafayette Investments Inc. boosted its stake in T. Rowe Price Group by 1.2% in the first quarter. Lafayette Investments Inc. now owns 87,345 shares of the asset manager’s stock valued at $5,953,000 after acquiring an additional 1,077 shares in the last quarter. 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 business’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $82.03, for a total transaction of $682,981.78. Following the completion of the transaction, the director now directly owns 28,982 shares of the company’s stock, valued at approximately $2,377,393.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jessica M. Hiebler sold 1,000 shares of the business’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $84.29, for a total transaction of $84,290.00. Following the transaction, the insider now directly owns 8,461 shares of the company’s stock, valued at $713,177.69. The disclosure for this sale can be found here. Insiders have sold a total of 19,720 shares of company stock valued at $1,630,701 over the last three months. 3.60% of the stock is currently owned by company insiders.

Shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) traded up 0.84% during midday trading on Friday, hitting $86.69. 708,273 shares of the stock traded hands. The stock has a market cap of $20.84 billion, a price-to-earnings ratio of 14.88 and a beta of 1.24. T. Rowe Price Group, Inc. has a one year low of $62.97 and a one year high of $86.77. The firm has a 50-day moving average price of $83.46 and a 200 day moving average price of $75.43.

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

The company also recently announced 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 yield of 2.63%. The ex-dividend date of this dividend is Wednesday, September 13th. T. Rowe Price Group’s payout ratio is 39.18%.

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Several equities analysts have issued reports on the stock. Zacks Investment Research downgraded shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a research note on Wednesday, September 13th. Barclays PLC assumed coverage on shares of T. Rowe Price Group in a research note on Friday, September 8th. They issued an “underweight” rating and a $79.00 price objective for the company. Jefferies Group LLC restated a “buy” rating and issued a $96.00 price objective on shares of T. Rowe Price Group in a research note on Sunday, August 20th. BidaskClub upgraded shares of T. Rowe Price Group from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 14th. Finally, ValuEngine upgraded shares of T. Rowe Price Group from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Four analysts have rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $81.30.

T. Rowe Price Group Company 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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