T. Rowe Price Group, Inc. (NASDAQ:TROW) Director Freeman A. Hrabowski III sold 4,000 shares of the company’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $101.59, for a total transaction of $406,360.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

T. Rowe Price Group, Inc. (NASDAQ TROW) traded down $0.31 during midday trading on Friday, hitting $101.59. 1,276,700 shares of the stock were exchanged, compared to its average volume of 1,665,302. T. Rowe Price Group, Inc. has a one year low of $65.33 and a one year high of $104.40. The firm has a market cap of $24,691.39, a P/E ratio of 19.90, a P/E/G ratio of 1.87 and a beta of 1.32.

T. Rowe Price Group (NASDAQ:TROW) last posted its quarterly earnings data on Thursday, October 26th. The asset manager reported $1.56 EPS for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.20. T. Rowe Price Group had a net margin of 33.10% and a return on equity of 24.76%. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the company posted $1.17 EPS. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. equities analysts expect that T. Rowe Price Group, Inc. will post 5.29 earnings per share for the current fiscal 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 paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend is Wednesday, December 13th. T. Rowe Price Group’s dividend payout ratio is currently 37.38%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Good Life Advisors LLC increased its stake in shares of T. Rowe Price Group by 1.1% during the 2nd quarter. Good Life Advisors LLC now owns 4,650 shares of the asset manager’s stock valued at $359,000 after acquiring an additional 52 shares during the last quarter. GHP Investment Advisors Inc. increased its stake in shares of T. Rowe Price Group by 0.3% during the 2nd quarter. GHP Investment Advisors Inc. now owns 19,549 shares of the asset manager’s stock valued at $1,451,000 after acquiring an additional 53 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of T. Rowe Price Group by 1.5% during the 2nd quarter. Pacer Advisors Inc. now owns 5,259 shares of the asset manager’s stock valued at $390,000 after acquiring an additional 77 shares during the last quarter. Security National Bank of SO Dak increased its stake in shares of T. Rowe Price Group by 0.7% during the 2nd quarter. Security National Bank of SO Dak now owns 11,910 shares of the asset manager’s stock valued at $884,000 after acquiring an additional 85 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its stake 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 acquiring an additional 89 shares during the last quarter. 72.21% of the stock is owned by institutional investors.

A number of research analysts have issued reports on TROW shares. Jefferies Group restated a “buy” rating and issued a $96.00 target price on shares of T. Rowe Price Group in a report on Sunday, August 20th. Zacks Investment Research lowered shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a report on Monday, August 21st. Barclays started coverage on shares of T. Rowe Price Group in a report on Friday, September 8th. They issued an “underweight” rating and a $79.00 target price on the stock. Goldman Sachs Group upgraded shares of T. Rowe Price Group from a “neutral” rating to a “buy” rating and upped their target price for the company from $85.00 to $100.00 in a report on Thursday, September 28th. Finally, Morgan Stanley upgraded shares of T. Rowe Price Group from an “underweight” rating to an “equal” rating and upped their target price for the company from $77.00 to $93.00 in a report on Thursday, October 5th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. T. Rowe Price Group currently has a consensus rating of “Hold” and an average target price of $89.67.

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T. Rowe Price Group Company 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.

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

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