T. Rowe Price Group, Inc. $TROW Shares Bought by Versor Investments LP

Versor Investments LP grew its holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 144.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,302 shares of the asset manager’s stock after buying an additional 4,899 shares during the quarter. Versor Investments LP’s holdings in T. Rowe Price Group were worth $850,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in TROW. Woodline Partners LP increased its position in shares of T. Rowe Price Group by 41.0% in the first quarter. Woodline Partners LP now owns 18,809 shares of the asset manager’s stock valued at $1,728,000 after buying an additional 5,467 shares in the last quarter. Focus Partners Wealth increased its position in shares of T. Rowe Price Group by 10.6% in the first quarter. Focus Partners Wealth now owns 13,054 shares of the asset manager’s stock valued at $1,199,000 after buying an additional 1,250 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of T. Rowe Price Group by 44.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,546 shares of the asset manager’s stock valued at $149,000 after buying an additional 478 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of T. Rowe Price Group in the second quarter valued at approximately $931,000. Finally, Daiwa Securities Group Inc. increased its position in shares of T. Rowe Price Group by 5.4% in the second quarter. Daiwa Securities Group Inc. now owns 33,245 shares of the asset manager’s stock valued at $3,208,000 after buying an additional 1,703 shares in the last quarter. 73.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Evercore cut their price objective on T. Rowe Price Group from $106.00 to $104.00 in a research report on Monday. Argus upgraded T. Rowe Price Group to a “hold” rating in a research report on Thursday, February 5th. Zacks Research cut T. Rowe Price Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 14th. TD Cowen boosted their price target on T. Rowe Price Group from $93.00 to $94.00 and gave the stock a “hold” rating in a research report on Friday, May 1st. Finally, Morgan Stanley set a $105.00 price target on T. Rowe Price Group in a research report on Monday, April 27th. Ten research analysts have rated the stock with a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, T. Rowe Price Group presently has an average rating of “Reduce” and a consensus price target of $99.54.

T. Rowe Price Group Stock Performance

Shares of TROW opened at $102.84 on Wednesday. T. Rowe Price Group, Inc. has a one year low of $85.22 and a one year high of $118.22. The stock has a market capitalization of $22.04 billion, a price-to-earnings ratio of 11.02, a PEG ratio of 4.58 and a beta of 1.51. The stock has a 50 day moving average price of $94.01 and a 200 day moving average price of $99.21.

T. Rowe Price Group (NASDAQ:TROW) last issued its quarterly earnings results on Thursday, April 30th. The asset manager reported $2.52 EPS for the quarter, topping the consensus estimate of $2.37 by $0.15. T. Rowe Price Group had a return on equity of 20.60% and a net margin of 28.28%.The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same period in the previous year, the business earned $2.23 earnings per share. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. On average, analysts predict that T. Rowe Price Group, Inc. will post 9.61 earnings per share for the current year.

T. Rowe Price Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 15th will be paid a dividend of $1.30 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $5.20 dividend on an annualized basis and a yield of 5.1%. T. Rowe Price Group’s payout ratio is 55.73%.

T. Rowe Price Group Company Profile

T. Rowe Price Group, Inc is a global investment management firm headquartered in Baltimore, Maryland, founded by Thomas Rowe Price Jr. in 1937. The company provides a broad range of investment products and services for individual investors, financial intermediaries, retirement plan sponsors and institutional clients. Its offerings are built around active investment management and in-house research across equity, fixed income and multi-asset strategies, reflecting a long history as a research-driven asset manager.

The firm’s product lineup includes mutual funds, separate accounts, collective investment trusts, target-date and target-risk funds, and managed account solutions, as well as services for defined contribution and defined benefit retirement plans.