Ameritas Investment Partners Inc. Has $661,000 Stake in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Ameritas Investment Partners Inc. decreased its holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 3.0% during the first quarter, Holdings Channel.com reports. The firm owned 5,422 shares of the asset manager’s stock after selling 167 shares during the period. Ameritas Investment Partners Inc.’s holdings in T. Rowe Price Group were worth $661,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in TROW. Fisher Asset Management LLC raised its position in T. Rowe Price Group by 6.7% during the fourth quarter. Fisher Asset Management LLC now owns 1,752,005 shares of the asset manager’s stock valued at $188,674,000 after acquiring an additional 109,653 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of T. Rowe Price Group by 21.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,352,683 shares of the asset manager’s stock worth $145,685,000 after acquiring an additional 236,697 shares during the last quarter. First Trust Advisors LP boosted its stake in T. Rowe Price Group by 1.3% during the fourth quarter. First Trust Advisors LP now owns 1,173,858 shares of the asset manager’s stock worth $126,413,000 after buying an additional 15,504 shares in the last quarter. Confluence Investment Management LLC acquired a new stake in T. Rowe Price Group during the first quarter worth $130,386,000. Finally, UBS Group AG boosted its stake in T. Rowe Price Group by 473.3% during the fourth quarter. UBS Group AG now owns 975,226 shares of the asset manager’s stock worth $105,022,000 after buying an additional 805,106 shares in the last quarter. Institutional investors and hedge funds own 73.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. UBS Group lifted their price objective on T. Rowe Price Group from $100.00 to $109.00 and gave the company a “sell” rating in a report on Friday, April 12th. Keefe, Bruyette & Woods lifted their price objective on T. Rowe Price Group from $120.00 to $121.00 and gave the stock a “market perform” rating in a research report on Friday, July 12th. StockNews.com upgraded T. Rowe Price Group from a “hold” rating to a “buy” rating in a research report on Wednesday, July 10th. TD Cowen boosted their target price on T. Rowe Price Group from $121.00 to $123.00 and gave the stock a “hold” rating in a research report on Monday, July 8th. Finally, Morgan Stanley boosted their price objective on T. Rowe Price Group from $114.00 to $125.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 17th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $113.50.

T. Rowe Price Group Trading Down 1.9 %

NASDAQ TROW traded down $2.27 during trading hours on Wednesday, hitting $114.74. 580,116 shares of the company’s stock were exchanged, compared to its average volume of 1,285,252. The stock has a 50-day simple moving average of $116.59 and a 200 day simple moving average of $113.99. T. Rowe Price Group, Inc. has a 1-year low of $87.43 and a 1-year high of $132.76. The firm has a market cap of $25.62 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 1.69 and a beta of 1.42.

T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly earnings data on Friday, April 26th. The asset manager reported $2.38 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.34. The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.71 billion. T. Rowe Price Group had a return on equity of 19.70% and a net margin of 29.09%. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.69 earnings per share. On average, sell-side analysts anticipate that T. Rowe Price Group, Inc. will post 8.97 earnings per share for the current fiscal year.

T. Rowe Price Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Friday, June 14th were issued a dividend of $1.24 per share. The ex-dividend date was Friday, June 14th. This represents a $4.96 dividend on an annualized basis and a yield of 4.32%. T. Rowe Price Group’s dividend payout ratio (DPR) is currently 58.91%.

Insider Buying and Selling at T. Rowe Price Group

In other news, Director Robert F. Maclellan sold 3,043 shares of T. Rowe Price Group stock in a transaction on Monday, April 29th. The stock was sold at an average price of $113.08, for a total value of $344,102.44. Following the completion of the transaction, the director now directly owns 34,635 shares in the company, valued at $3,916,525.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Robert F. Maclellan sold 3,043 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $113.08, for a total value of $344,102.44. Following the completion of the transaction, the director now directly owns 34,635 shares in the company, valued at approximately $3,916,525.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Dorothy C. Sawyer sold 2,000 shares of the company’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $117.00, for a total value of $234,000.00. Following the completion of the transaction, the vice president now owns 34,710 shares of the company’s stock, valued at $4,061,070. The disclosure for this sale can be found here. Insiders have sold a total of 6,444 shares of company stock worth $740,408 over the last ninety days. 2.00% of the stock is currently owned by company insiders.

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.