Fjarde AP Fonden Fourth Swedish National Pension Fund Has $4.27 Million Stock Position in T. Rowe Price Group, Inc. $TROW

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 13.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 44,277 shares of the asset manager’s stock after buying an additional 5,400 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in T. Rowe Price Group were worth $4,273,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Zions Bancorporation National Association UT bought a new stake in shares of T. Rowe Price Group in the 1st quarter worth approximately $27,000. Hexagon Capital Partners LLC lifted its position in T. Rowe Price Group by 44.8% in the first quarter. Hexagon Capital Partners LLC now owns 365 shares of the asset manager’s stock worth $34,000 after purchasing an additional 113 shares during the period. Curio Wealth LLC lifted its position in T. Rowe Price Group by 20,700.0% in the second quarter. Curio Wealth LLC now owns 416 shares of the asset manager’s stock worth $40,000 after purchasing an additional 414 shares during the period. Cromwell Holdings LLC lifted its position in T. Rowe Price Group by 3,483.3% in the second quarter. Cromwell Holdings LLC now owns 430 shares of the asset manager’s stock worth $41,000 after purchasing an additional 418 shares during the period. Finally, Chilton Capital Management LLC bought a new position in T. Rowe Price Group in the first quarter worth $41,000. Institutional investors own 73.39% of the company’s stock.

T. Rowe Price Group Price Performance

T. Rowe Price Group stock opened at $102.13 on Friday. The company has a market capitalization of $22.44 billion, a PE ratio of 11.41, a price-to-earnings-growth ratio of 5.61 and a beta of 1.50. T. Rowe Price Group, Inc. has a one year low of $77.85 and a one year high of $125.81. The business has a 50 day simple moving average of $105.19 and a 200 day simple moving average of $100.03.

T. Rowe Price Group (NASDAQ:TROW) last issued its quarterly earnings data on Friday, August 1st. The asset manager reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.09. T. Rowe Price Group had a return on equity of 19.77% and a net margin of 28.72%.The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the previous year, the company posted $2.26 EPS. The business’s revenue for the quarter was down .6% compared to the same quarter last year. Equities analysts anticipate that T. Rowe Price Group, Inc. will post 9.29 earnings per share for the current fiscal year.

T. Rowe Price Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 15th will be issued a $1.27 dividend. This represents a $5.08 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Monday, December 15th. T. Rowe Price Group’s payout ratio is currently 56.76%.

Insider Activity

In related news, Director Robert F. Maclellan sold 3,090 shares of T. Rowe Price Group stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $105.01, for a total value of $324,480.90. Following the completion of the transaction, the director directly owned 47,335 shares of the company’s stock, valued at $4,970,648.35. The trade was a 6.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

TROW has been the subject of several research reports. Jefferies Financial Group raised their target price on T. Rowe Price Group from $104.00 to $106.00 and gave the stock a “hold” rating in a research report on Tuesday, October 7th. Bank of America raised their target price on T. Rowe Price Group from $91.00 to $97.00 and gave the stock an “underperform” rating in a research report on Thursday, October 2nd. The Goldman Sachs Group raised their target price on T. Rowe Price Group from $91.00 to $92.00 and gave the stock a “sell” rating in a research report on Friday, October 3rd. Keefe, Bruyette & Woods raised their target price on T. Rowe Price Group from $112.00 to $115.00 and gave the stock a “hold” rating in a research report on Monday, October 13th. Finally, Zacks Research upgraded T. Rowe Price Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $107.62.

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.