Fulton Bank N.A. purchased a new stake in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,322 shares of the asset manager’s stock, valued at approximately $210,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. boosted its position in shares of T. Rowe Price Group by 6.9% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,593 shares of the asset manager’s stock worth $118,000 after purchasing an additional 103 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of T. Rowe Price Group by 5.4% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,749 shares of the asset manager’s stock worth $121,000 after purchasing an additional 89 shares in the last quarter. Sun Life Financial INC boosted its position in shares of T. Rowe Price Group by 19,500.0% during the 2nd quarter. Sun Life Financial INC now owns 1,764 shares of the asset manager’s stock worth $131,000 after purchasing an additional 1,755 shares in the last quarter. FNY Partners Fund LP bought a new position in shares of T. Rowe Price Group during the 1st quarter worth about $147,000. Finally, Mckinley Capital Management LLC Delaware bought a new position in shares of T. Rowe Price Group during the 2nd quarter worth about $152,000. 73.62% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Anne M. Whittemore sold 8,326 shares of the business’s stock in a transaction that occurred on 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 $2,377,393.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anne M. Whittemore sold 4,163 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $90.64, for a total transaction of $377,334.32. Following the transaction, the director now directly owns 29,070 shares of the company’s stock, valued at $2,634,904.80. 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. Insiders own 3.60% of the company’s stock.

T. Rowe Price Group, Inc. (TROW) traded up 0.91% during midday trading on Friday, reaching $96.50. 245,650 shares of the company’s stock traded hands. The firm has a market cap of $23.19 billion, a PE ratio of 16.57 and a beta of 1.25. The firm’s 50-day moving average is $88.44 and its 200 day moving average is $78.72. T. Rowe Price Group, Inc. has a 52-week low of $62.97 and a 52-week high of $97.35.

T. Rowe Price Group (NASDAQ:TROW) last issued its earnings results on Tuesday, July 25th. The asset manager reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.01. The firm had revenue of $1.17 billion for 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 business’s revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.76 earnings per share. Equities research analysts expect that T. Rowe Price Group, Inc. will post $5.79 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 28th. Stockholders of record on Thursday, September 14th were paid a $0.57 dividend. The ex-dividend date of this dividend was Wednesday, September 13th. This represents a $2.28 annualized dividend and a dividend yield of 2.38%. T. Rowe Price Group’s dividend payout ratio is presently 39.18%.

A number of equities analysts have recently issued reports on TROW shares. Jefferies Group LLC reissued a “buy” rating and set a $104.00 price objective (up previously from $96.00) on shares of T. Rowe Price Group in a research report on Tuesday, October 10th. ValuEngine raised shares of T. Rowe Price Group from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Zacks Investment Research cut shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Wells Fargo & Co reaffirmed a “market perform” rating on shares of T. Rowe Price Group in a research report on Thursday, July 27th. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $71.00 price target (up previously from $70.00) on shares of T. Rowe Price Group in a research report on Tuesday, July 18th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. T. Rowe Price Group presently has a consensus rating of “Hold” and an average price target of $87.60.

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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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