HighPoint Advisor Group LLC grew its stake in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 172.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,264 shares of the asset manager’s stock after buying an additional 9,661 shares during the period. HighPoint Advisor Group LLC’s holdings in T. Rowe Price Group were worth $1,444,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. lifted 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 valued at $118,000 after buying an additional 103 shares in the last quarter. Quadrant Capital Group LLC lifted 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 valued at $121,000 after buying an additional 89 shares in the last quarter. Sun Life Financial INC lifted 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 valued at $131,000 after buying an additional 1,755 shares in the last quarter. Mckinley Capital Management LLC Delaware purchased a new position in shares of T. Rowe Price Group during the 2nd quarter valued at about $152,000. Finally, Mosaic Family Wealth LLC lifted its holdings in T. Rowe Price Group by 7.1% in the 2nd quarter. Mosaic Family Wealth LLC now owns 2,107 shares of the asset manager’s stock worth $156,000 after purchasing an additional 140 shares in the last quarter. 72.28% of the stock is currently owned by hedge funds and other institutional investors.

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In other news, Director Anne M. Whittemore sold 4,163 shares of the business’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 transaction, the director now owns 29,070 shares of the company’s stock, valued at approximately $2,634,904.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jessica M. Hiebler sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $84.29, for a total value of $84,290.00. Following the transaction, the insider now directly owns 8,461 shares in the company, valued at approximately $713,177.69. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,204 shares of company stock worth $1,640,922. Corporate insiders own 3.60% of the company’s stock.

T. Rowe Price Group, Inc. (NASDAQ TROW) traded up $0.92 during trading hours on Tuesday, reaching $94.33. The company’s stock had a trading volume of 315,119 shares, compared to its average volume of 1,686,925. T. Rowe Price Group, Inc. has a 1-year low of $65.33 and a 1-year high of $97.35. The company has a market cap of $22,672.95, a P/E ratio of 18.27, a price-to-earnings-growth ratio of 1.72 and a beta of 1.29.

T. Rowe Price Group (NASDAQ:TROW) last released its quarterly earnings data on Thursday, October 26th. The asset manager reported $1.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.20. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.22 billion. T. Rowe Price Group had a return on equity of 24.76% and a net margin of 33.10%. The company’s revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.17 EPS. equities analysts forecast that T. Rowe Price Group, Inc. will post 5.29 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 14th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 2.42%. The ex-dividend date is Wednesday, December 13th. T. Rowe Price Group’s dividend payout ratio is currently 37.38%.

TROW has been the topic of a number of research analyst reports. Barclays PLC initiated coverage on T. Rowe Price Group in a report on Friday, September 8th. They issued an “underweight” rating and a $79.00 price target on the stock. Jefferies Group LLC reissued a “buy” rating and issued a $96.00 price target on shares of T. Rowe Price Group in a report on Sunday, August 20th. Morgan Stanley raised T. Rowe Price Group from an “underweight” rating to an “equal” rating and boosted their price target for the stock from $77.00 to $93.00 in a report on Thursday, October 5th. Zacks Investment Research raised T. Rowe Price Group from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a report on Tuesday, September 26th. Finally, Goldman Sachs Group, Inc. (The) raised T. Rowe Price Group from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $85.00 to $100.00 in a report on Thursday, September 28th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $89.50.

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.

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

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