Flinton Capital Management LLC grew its stake in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 6.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,448 shares of the asset manager’s stock after acquiring an additional 288 shares during the period. Flinton Capital Management LLC’s holdings in T. Rowe Price Group were worth $330,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of T. Rowe Price Group by 1.7% during the second quarter. Vanguard Group Inc. now owns 16,576,728 shares of the asset manager’s stock worth $1,230,159,000 after acquiring an additional 282,162 shares in the last quarter. BlackRock Inc. lifted its position in shares of T. Rowe Price Group by 0.4% during the second quarter. BlackRock Inc. now owns 16,440,056 shares of the asset manager’s stock worth $1,220,017,000 after acquiring an additional 61,269 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of 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 acquiring an additional 156,326 shares in the last quarter. Capital World Investors lifted its position in shares of T. Rowe Price Group by 235.0% during the second quarter. Capital World Investors now owns 10,512,236 shares of the asset manager’s stock worth $780,113,000 after acquiring an additional 7,373,953 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of T. Rowe Price Group by 8.8% during the first quarter. Geode Capital Management LLC now owns 2,818,756 shares of the asset manager’s stock worth $191,869,000 after acquiring an additional 228,194 shares in the last quarter. Hedge funds and other institutional investors own 73.62% of the company’s stock.

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Several research firms have issued reports on TROW. Jefferies Group LLC restated a “buy” rating and set a $104.00 target price (up previously from $96.00) on shares of T. Rowe Price Group in a research report on Tuesday. Morgan Stanley upgraded T. Rowe Price Group from an “underweight” rating to an “equal” rating and increased their price objective for the stock from $77.00 to $93.00 in a research report on Thursday, October 5th. Goldman Sachs Group, Inc. (The) upgraded T. Rowe Price Group from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $85.00 to $100.00 in a research report on Thursday, September 28th. Zacks Investment Research upgraded T. Rowe Price Group from a “hold” rating to a “buy” rating and set a $98.00 price objective on the stock in a research report on Tuesday, September 26th. Finally, Barclays PLC began coverage on T. Rowe Price Group in a research report on Friday, September 8th. They issued an “underweight” rating and a $79.00 price objective on the stock. Three analysts have rated the stock with a sell rating, six have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. T. Rowe Price Group has an average rating of “Hold” and an average price target of $86.18.

In other T. Rowe Price Group news, insider David Oestreicher sold 10,394 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $83.07, for a total value of $863,429.58. Following the sale, the insider now owns 82,299 shares in the company, valued at approximately $6,836,577.93. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Anne M. Whittemore sold 8,326 shares of the business’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 completion of the sale, the director now owns 28,982 shares in the company, valued at approximately $2,377,393.46. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,924 shares of company stock worth $3,187,333. Corporate insiders own 3.60% of the company’s stock.

T. Rowe Price Group, Inc. (TROW) opened at 92.85 on Thursday. T. Rowe Price Group, Inc. has a 1-year low of $62.97 and a 1-year high of $92.89. The company has a market cap of $22.32 billion, a PE ratio of 15.94 and a beta of 1.25. The company has a 50-day moving average price of $86.47 and a 200-day moving average price of $77.63.

T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly earnings results on Tuesday, July 25th. The asset manager reported $1.28 EPS for the quarter, topping the consensus estimate of $1.27 by $0.01. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. T. Rowe Price Group had a net margin of 32.64% and a return on equity of 24.38%. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.76 EPS. On average, analysts expect that T. Rowe Price Group, Inc. will post $5.72 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 28th. Shareholders of record on Thursday, September 14th were paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend was Wednesday, September 13th. T. Rowe Price Group’s payout ratio is currently 39.18%.

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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