Central Bank & Trust Co. boosted its position in shares of T. Rowe Price Group Inc (NASDAQ:TROW) by 761.6% in the fourth quarter, HoldingsChannel reports. The firm owned 34,543 shares of the asset manager’s stock after acquiring an additional 30,534 shares during the period. Central Bank & Trust Co.’s holdings in T. Rowe Price Group were worth $3,625,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Riverhead Capital Management LLC grew its holdings in shares of T. Rowe Price Group by 5.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,907 shares of the asset manager’s stock valued at $364,000 after acquiring an additional 271 shares in the last quarter. Norinchukin Bank The grew its holdings in shares of T. Rowe Price Group by 11.4% in the 2nd quarter. Norinchukin Bank The now owns 9,527 shares of the asset manager’s stock valued at $707,000 after acquiring an additional 972 shares in the last quarter. Nationwide Fund Advisors grew its holdings in shares of T. Rowe Price Group by 22.0% in the 2nd quarter. Nationwide Fund Advisors now owns 141,992 shares of the asset manager’s stock valued at $10,537,000 after acquiring an additional 25,566 shares in the last quarter. Amalgamated Bank grew its holdings in shares of T. Rowe Price Group by 47.7% in the 2nd quarter. Amalgamated Bank now owns 26,693 shares of the asset manager’s stock valued at $1,981,000 after acquiring an additional 8,616 shares in the last quarter. Finally, Laurion Capital Management LP bought a new position in shares of T. Rowe Price Group in the 2nd quarter valued at about $445,000. Hedge funds and other institutional investors own 72.33% of the company’s stock.

Shares of T. Rowe Price Group Inc (NASDAQ:TROW) traded down $0.88 during trading hours on Tuesday, reaching $114.47. 1,756,527 shares of the company traded hands, compared to its average volume of 1,368,860. T. Rowe Price Group Inc has a twelve month low of $65.33 and a twelve month high of $117.64. The firm has a market cap of $27,750.00, a P/E ratio of 18.73, a P/E/G ratio of 1.60 and a beta of 1.32.

T. Rowe Price Group (NASDAQ:TROW) last issued its earnings results on Thursday, October 26th. The asset manager reported $1.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the business posted $1.17 EPS. T. Rowe Price Group’s revenue was up 11.8% on a year-over-year basis. research analysts expect that T. Rowe Price Group Inc will post 5.32 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Thursday, December 14th were paid a $0.57 dividend. The ex-dividend date was Wednesday, December 13th. This represents a $2.28 annualized dividend and a yield of 1.99%. T. Rowe Price Group’s dividend payout ratio (DPR) is currently 37.32%.

Several equities analysts have recently weighed in on TROW shares. Zacks Investment Research cut T. Rowe Price Group from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. Jefferies Group restated a “buy” rating and issued a $104.00 price objective (up previously from $96.00) on shares of T. Rowe Price Group in a report on Tuesday, October 10th. Citigroup raised their price objective on T. Rowe Price Group from $94.00 to $95.00 and gave the company a “neutral” rating in a report on Friday, October 27th. UBS Group raised their price objective on T. Rowe Price Group from $69.00 to $72.00 and gave the company a “sell” rating in a report on Friday, October 27th. Finally, Barclays raised their price objective on T. Rowe Price Group from $79.00 to $84.00 and gave the company an “underweight” rating in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. T. Rowe Price Group currently has an average rating of “Hold” and an average target price of $98.70.

In other T. Rowe Price Group news, CEO William J. Stromberg sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $97.09, for a total transaction of $2,912,700.00. Following the completion of the sale, the chief executive officer now directly owns 534,077 shares in the company, valued at $51,853,535.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kenneth V. Moreland sold 14,419 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $97.07, for a total transaction of $1,399,652.33. Following the sale, the chief financial officer now owns 125,264 shares of the company’s stock, valued at $12,159,376.48. The disclosure for this sale can be found here. Insiders sold a total of 204,980 shares of company stock valued at $20,776,729 over the last quarter. 3.60% of the stock is currently owned by company insiders.

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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.

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

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