T. Rowe Price Group, Inc. $TROW Shares Purchased by Bill Few Associates Inc.

Bill Few Associates Inc. grew its stake in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 4.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,577 shares of the asset manager’s stock after purchasing an additional 107 shares during the quarter. Bill Few Associates Inc.’s holdings in T. Rowe Price Group were worth $249,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Zions Bancorporation National Association UT acquired a new stake in shares of T. Rowe Price Group in the 1st quarter valued at about $27,000. Hexagon Capital Partners LLC raised its stake in shares of T. Rowe Price Group by 44.8% in the 1st quarter. Hexagon Capital Partners LLC now owns 365 shares of the asset manager’s stock valued at $34,000 after purchasing an additional 113 shares in the last quarter. Smallwood Wealth Investment Management LLC acquired a new stake in shares of T. Rowe Price Group in the 1st quarter valued at about $39,000. Chilton Capital Management LLC acquired a new stake in shares of T. Rowe Price Group in the 1st quarter valued at about $41,000. Finally, Cromwell Holdings LLC raised its stake in shares of T. Rowe Price Group by 3,483.3% in the 2nd quarter. Cromwell Holdings LLC now owns 430 shares of the asset manager’s stock valued at $41,000 after purchasing an additional 418 shares in the last quarter. Institutional investors and hedge funds own 73.39% of the company’s stock.

Insider Buying and Selling

In other T. Rowe Price Group news, Director Robert F. Maclellan sold 3,090 shares of the company’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $105.01, for a total value of $324,480.90. Following the completion of the transaction, the director owned 47,335 shares in the company, valued at approximately $4,970,648.35. This represents a 6.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.60% of the company’s stock.

T. Rowe Price Group Trading Down 4.3%

NASDAQ TROW opened at $101.43 on Monday. T. Rowe Price Group, Inc. has a 52 week low of $77.85 and a 52 week high of $125.81. The stock has a market cap of $22.29 billion, a price-to-earnings ratio of 11.33, a price-to-earnings-growth ratio of 6.51 and a beta of 1.50. The company has a 50-day moving average price of $105.82 and a two-hundred day moving average price of $98.49.

T. Rowe Price Group (NASDAQ:TROW) last posted its earnings results on Friday, August 1st. The asset manager reported $2.24 EPS for the quarter, topping the consensus estimate of $2.15 by $0.09. T. Rowe Price Group had a net margin of 28.72% and a return on equity of 19.77%. The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter in the prior year, the firm earned $2.26 EPS. T. Rowe Price Group’s quarterly revenue was down .6% on a year-over-year basis. As a group, equities research analysts expect that T. Rowe Price Group, Inc. will post 9.29 earnings per share for the current fiscal year.

T. Rowe Price Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 15th were given a $1.27 dividend. The ex-dividend date was Monday, September 15th. This represents a $5.08 annualized dividend and a yield of 5.0%. T. Rowe Price Group’s dividend payout ratio is 56.76%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group upped their target price on shares of T. Rowe Price Group from $91.00 to $92.00 and gave the company a “sell” rating in a research note on Friday, October 3rd. JPMorgan Chase & Co. upped their target price on shares of T. Rowe Price Group from $98.00 to $102.00 and gave the company an “underweight” rating in a research note on Monday, August 4th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of T. Rowe Price Group from $109.00 to $114.00 and gave the stock a “hold” rating in a research note on Thursday. Barclays reiterated an “underweight” rating and set a $95.00 price objective (up previously from $91.00) on shares of T. Rowe Price Group in a research note on Monday, August 4th. Finally, Wells Fargo & Company increased their price objective on shares of T. Rowe Price Group from $98.00 to $108.00 and gave the stock an “equal weight” rating in a research note on Friday, July 11th. One analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $106.15.

About T. Rowe Price Group

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.