Capital City Trust Co. FL Purchases 337 Shares of T. Rowe Price Group, Inc. (NASDAQ:TROW)

Capital City Trust Co. FL grew its position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROWGet Rating) by 0.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 37,816 shares of the asset manager’s stock after acquiring an additional 337 shares during the period. T. Rowe Price Group accounts for approximately 1.4% of Capital City Trust Co. FL’s holdings, making the stock its 22nd largest holding. Capital City Trust Co. FL’s holdings in T. Rowe Price Group were worth $4,296,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. grew its position in T. Rowe Price Group by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 20,183,563 shares of the asset manager’s stock worth $3,051,553,000 after acquiring an additional 625,340 shares during the last quarter. BlackRock Inc. lifted its holdings in T. Rowe Price Group by 4.8% in the 1st quarter. BlackRock Inc. now owns 19,713,986 shares of the asset manager’s stock worth $2,980,558,000 after buying an additional 904,707 shares during the period. State Street Corp lifted its holdings in T. Rowe Price Group by 2.0% in the 1st quarter. State Street Corp now owns 12,340,755 shares of the asset manager’s stock worth $1,865,799,000 after buying an additional 237,127 shares during the period. JPMorgan Chase & Co. lifted its holdings in T. Rowe Price Group by 10.5% in the 1st quarter. JPMorgan Chase & Co. now owns 9,442,430 shares of the asset manager’s stock worth $1,427,600,000 after buying an additional 900,933 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in T. Rowe Price Group by 7.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,729,424 shares of the asset manager’s stock worth $563,852,000 after buying an additional 273,205 shares during the period. 74.94% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on TROW shares. Morgan Stanley dropped their price objective on T. Rowe Price Group from $124.00 to $123.00 and set an “equal weight” rating for the company in a report on Friday, July 29th. BMO Capital Markets dropped their price objective on T. Rowe Price Group from $135.00 to $115.00 in a report on Monday, August 1st. The Goldman Sachs Group dropped their price objective on T. Rowe Price Group from $118.00 to $100.00 and set a “sell” rating for the company in a report on Wednesday, June 29th. Deutsche Bank Aktiengesellschaft raised their target price on T. Rowe Price Group from $120.00 to $138.00 and gave the company a “hold” rating in a research note on Friday, August 12th. Finally, UBS Group lowered their target price on T. Rowe Price Group from $88.00 to $84.00 and set a “sell” rating for the company in a research note on Friday, July 29th. Five equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $132.30.

T. Rowe Price Group Trading Down 2.1 %

Shares of NASDAQ:TROW opened at $107.71 on Friday. The stock has a fifty day simple moving average of $121.51 and a two-hundred day simple moving average of $126.67. The stock has a market capitalization of $24.31 billion, a price-to-earnings ratio of 10.40, a PEG ratio of 2.26 and a beta of 1.29. T. Rowe Price Group, Inc. has a 12-month low of $104.72 and a 12-month high of $223.36.

T. Rowe Price Group (NASDAQ:TROWGet Rating) last announced its quarterly earnings data on Thursday, July 28th. The asset manager reported $1.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.85). The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.68 billion. T. Rowe Price Group had a net margin of 33.26% and a return on equity of 28.18%. The firm’s quarterly revenue was down 20.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.31 EPS. As a group, equities research analysts predict that T. Rowe Price Group, Inc. will post 8.24 EPS for the current year.

T. Rowe Price Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Thursday, September 15th will be paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date is Wednesday, September 14th. T. Rowe Price Group’s payout ratio is 46.33%.

Insider Buying and Selling at T. Rowe Price Group

In other T. Rowe Price Group news, insider Jessica M. Hiebler sold 959 shares of T. Rowe Price Group stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $124.57, for a total transaction of $119,462.63. Following the completion of the transaction, the insider now owns 12,183 shares in the company, valued at $1,517,636.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other T. Rowe Price Group news, VP Andrew Justin Mackenzi Thomson sold 11,891 shares of T. Rowe Price Group stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $126.91, for a total value of $1,509,086.81. Following the completion of the sale, the vice president now owns 136,410 shares of the company’s stock, valued at approximately $17,311,793.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jessica M. Hiebler sold 959 shares of T. Rowe Price Group stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $124.57, for a total value of $119,462.63. Following the completion of the sale, the insider now directly owns 12,183 shares of the company’s stock, valued at approximately $1,517,636.31. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

T. Rowe Price Group Profile

(Get Rating)

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.

See Also

Want to see what other hedge funds are holding TROW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for T. Rowe Price Group, Inc. (NASDAQ:TROWGet Rating).

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

Receive News & Ratings for T. Rowe Price Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for T. Rowe Price Group and related companies with MarketBeat.com's FREE daily email newsletter.