T. Rowe Price Group, Inc. (NASDAQ:TROW) Director Anne M. Whittemore sold 4,163 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $90.64, for a total transaction of $377,334.32. Following the sale, the director now owns 29,070 shares of the company’s stock, valued at $2,634,904.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

T. Rowe Price Group, Inc. (NASDAQ TROW) opened at 91.75 on Friday. The stock has a 50 day moving average of $85.39 and a 200-day moving average of $76.89. The company has a market cap of $22.05 billion, a price-to-earnings ratio of 15.75 and a beta of 1.25. T. Rowe Price Group, Inc. has a 52-week low of $62.97 and a 52-week high of $92.38.

T. Rowe Price Group (NASDAQ:TROW) last released its quarterly earnings data on Tuesday, July 25th. The asset manager reported $1.28 EPS for the quarter, beating the 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 return on equity of 24.38% and a net margin of 32.64%. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.76 EPS. On average, analysts forecast that T. Rowe Price Group, Inc. will post $5.68 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Stockholders of record on Thursday, September 14th were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 2.49%. The ex-dividend date was Wednesday, September 13th. T. Rowe Price Group’s payout ratio is presently 39.18%.

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Several research firms recently commented on TROW. Morgan Stanley upgraded shares of T. Rowe Price Group from an “underweight” rating to an “equal” rating and raised their price target for the stock from $77.00 to $93.00 in a report on Thursday. Goldman Sachs Group, Inc. (The) upgraded shares of T. Rowe Price Group from a “neutral” rating to a “buy” rating and raised their price target for the stock from $85.00 to $100.00 in a report on Thursday, September 28th. Zacks Investment Research upgraded shares of T. Rowe Price Group from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a report on Tuesday, September 26th. Citigroup Inc. raised their price target on shares of T. Rowe Price Group from $73.50 to $90.00 and gave the stock a “neutral” rating in a report on Wednesday, July 26th. Finally, BidaskClub upgraded shares of T. Rowe Price Group from a “buy” rating to a “strong-buy” rating in a report on Monday, August 14th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $85.45.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ffcm LLC boosted its holdings in shares of T. Rowe Price Group by 6.4% in the 2nd quarter. Ffcm LLC now owns 37,660 shares of the asset manager’s stock valued at $2,795,000 after buying an additional 2,261 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of T. Rowe Price Group by 1.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 11,756,348 shares of the asset manager’s stock valued at $872,439,000 after buying an additional 156,326 shares during the last quarter. Aviva PLC boosted its holdings in shares of T. Rowe Price Group by 1.9% in the 2nd quarter. Aviva PLC now owns 147,815 shares of the asset manager’s stock valued at $10,969,000 after buying an additional 2,760 shares during the last quarter. AXA boosted its holdings in shares of T. Rowe Price Group by 68.6% in the 2nd quarter. AXA now owns 624,107 shares of the asset manager’s stock valued at $46,315,000 after buying an additional 253,900 shares during the last quarter. Finally, Bridgewater Associates LP boosted its holdings in shares of T. Rowe Price Group by 14.9% in the 1st quarter. Bridgewater Associates LP now owns 131,857 shares of the asset manager’s stock valued at $8,986,000 after buying an additional 17,119 shares during the last quarter. 73.62% of the stock is owned by institutional investors.

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.

Insider Buying and Selling by Quarter for T. Rowe Price Group (NASDAQ:TROW)

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