JLB & Associates Inc. trimmed its stake in shares of T. Rowe Price Group Inc (NASDAQ:TROW) by 7.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,013 shares of the asset manager’s stock after selling 402 shares during the quarter. JLB & Associates Inc.’s holdings in T. Rowe Price Group were worth $462,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in TROW. Vanguard Group Inc boosted its position in shares of T. Rowe Price Group by 2.2% in the third quarter. Vanguard Group Inc now owns 21,212,245 shares of the asset manager’s stock valued at $2,315,952,000 after acquiring an additional 457,683 shares during the period. Vanguard Group Inc. boosted its position in shares of T. Rowe Price Group by 2.2% in the third quarter. Vanguard Group Inc. now owns 21,212,245 shares of the asset manager’s stock valued at $2,315,952,000 after acquiring an additional 457,683 shares during the period. Janus Henderson Group PLC boosted its position in shares of T. Rowe Price Group by 25.0% in the third quarter. Janus Henderson Group PLC now owns 2,247,254 shares of the asset manager’s stock valued at $245,355,000 after acquiring an additional 449,322 shares during the period. Bank of America Corp DE boosted its position in shares of T. Rowe Price Group by 10.2% in the second quarter. Bank of America Corp DE now owns 2,545,305 shares of the asset manager’s stock valued at $295,485,000 after acquiring an additional 236,487 shares during the period. Finally, MERIAN GLOBAL INVESTORS UK Ltd boosted its position in shares of T. Rowe Price Group by 9.6% in the third quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 2,297,776 shares of the asset manager’s stock valued at $250,871,000 after acquiring an additional 201,553 shares during the period. 71.32% of the stock is owned by hedge funds and other institutional investors.

TROW traded down $2.14 on Friday, hitting $90.15. 1,010,207 shares of the stock were exchanged, compared to its average volume of 1,565,345. T. Rowe Price Group Inc has a 12 month low of $84.59 and a 12 month high of $127.43. The stock has a market capitalization of $22.30 billion, a price-to-earnings ratio of 16.60, a P/E/G ratio of 1.17 and a beta of 1.12.

T. Rowe Price Group (NASDAQ:TROW) last issued its earnings results on Thursday, October 25th. The asset manager reported $2.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.93 by $0.37. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.38 billion. T. Rowe Price Group had a return on equity of 29.52% and a net margin of 33.98%. During the same quarter in the previous year, the firm earned $1.56 earnings per share. Sell-side analysts anticipate that T. Rowe Price Group Inc will post 7.38 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 28th. Shareholders of record on Friday, December 14th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.11%. The ex-dividend date was Thursday, December 13th. T. Rowe Price Group’s payout ratio is 51.57%.

A number of equities research analysts have recently issued reports on the stock. UBS Group reduced their target price on shares of T. Rowe Price Group from $127.00 to $121.00 and set a “neutral” rating for the company in a research report on Monday, October 8th. Deutsche Bank upped their price objective on shares of T. Rowe Price Group from $118.00 to $119.00 and gave the stock a “hold” rating in a research report on Thursday, September 27th. Morgan Stanley upped their price objective on shares of T. Rowe Price Group from $116.00 to $118.00 and gave the stock a “hold” rating in a research report on Tuesday, October 9th. Zacks Investment Research raised shares of T. Rowe Price Group from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a research report on Thursday, October 11th. Finally, Citigroup cut their price objective on shares of T. Rowe Price Group from $113.00 to $105.00 and set a “hold” rating for the company in a research report on Monday, October 29th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. T. Rowe Price Group presently has an average rating of “Hold” and a consensus price target of $105.40.

In other T. Rowe Price Group news, VP Christopher D. Alderson sold 5,681 shares of the business’s stock in a transaction dated Monday, December 10th. The stock was sold at an average price of $92.22, for a total transaction of $523,901.82. Following the completion of the transaction, the vice president now owns 118,818 shares of the company’s stock, valued at $10,957,395.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.10% of the stock is currently owned by insiders.

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T. Rowe Price Group Profile

T. Rowe Price Group, Inc is a publicly owned investment manager. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. It launches and manages equity and fixed income mutual funds. The firm invests in the public equity and fixed income markets across the globe.

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

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