Toronto Dominion Bank increased its holdings in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 11.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 91,796 shares of the asset manager’s stock after buying an additional 9,392 shares during the quarter. Toronto Dominion Bank’s holdings in T. Rowe Price Group were worth $8,321,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Alpha Cubed Investments LLC acquired a new stake in T. Rowe Price Group during the 3rd quarter worth $256,000. JPMorgan Chase & Co. raised its stake in T. Rowe Price Group by 1.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 11,756,348 shares of the asset manager’s stock worth $872,439,000 after buying an additional 156,326 shares during the period. Reliance Trust Co. of Delaware acquired a new stake in T. Rowe Price Group during the 3rd quarter worth $304,000. Ffcm LLC raised its stake in T. Rowe Price Group by 6.4% during the 2nd quarter. Ffcm LLC now owns 37,660 shares of the asset manager’s stock worth $2,795,000 after buying an additional 2,261 shares during the period. Finally, OLD Point Trust & Financial Services N A raised its stake in T. Rowe Price Group by 11.6% during the 3rd quarter. OLD Point Trust & Financial Services N A now owns 15,334 shares of the asset manager’s stock worth $1,390,000 after buying an additional 1,600 shares during the period. 72.28% of the stock is currently owned by institutional investors and hedge funds.

TROW has been the subject of a number of research reports. Credit Suisse Group increased their target price on T. Rowe Price Group from $70.00 to $90.00 and gave the stock a “neutral” rating in a report on Wednesday, July 26th. Citigroup Inc. increased their target price on T. Rowe Price Group from $73.50 to $90.00 and gave the stock a “neutral” rating in a report on Wednesday, July 26th. Wells Fargo & Company reiterated a “market perform” rating on shares of T. Rowe Price Group in a report on Thursday, July 27th. BidaskClub cut T. Rowe Price Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 1st. Finally, ValuEngine upgraded T. Rowe Price Group from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. T. Rowe Price Group currently has an average rating of “Hold” and an average price target of $89.50.

In related news, insider Jessica M. Hiebler sold 1,000 shares of T. Rowe Price Group stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $84.29, for a total transaction of $84,290.00. Following the completion of the transaction, the insider now owns 8,461 shares in the company, valued at $713,177.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kenneth V. Moreland sold 13,041 shares of T. Rowe Price Group stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $90.43, for a total value of $1,179,297.63. Following the transaction, the chief financial officer now owns 135,028 shares of the company’s stock, valued at approximately $12,210,582.04. The disclosure for this sale can be found here. Insiders sold a total of 18,204 shares of company stock valued at $1,640,922 in the last 90 days. 3.60% of the stock is owned by corporate insiders.

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T. Rowe Price Group, Inc. (NASDAQ TROW) opened at $95.53 on Friday. The firm has a market capitalization of $23,150.00, a PE ratio of 18.43, a PEG ratio of 1.73 and a beta of 1.28. T. Rowe Price Group, Inc. has a 1-year low of $65.33 and a 1-year high of $97.35.

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

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 14th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 2.39%. The ex-dividend date is Wednesday, December 13th. T. Rowe Price Group’s payout ratio is 37.32%.

T. Rowe Price Group 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.

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

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