Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 30,000 Shares of T. Rowe Price Group, Inc. (NASDAQ:TROW)

Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 37.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,377 shares of the asset manager’s stock after selling 30,000 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in T. Rowe Price Group were worth $5,697,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of TROW. Private Advisor Group LLC lifted its position in shares of T. Rowe Price Group by 10.4% during the third quarter. Private Advisor Group LLC now owns 12,060 shares of the asset manager’s stock worth $1,314,000 after acquiring an additional 1,134 shares in the last quarter. Ballentine Partners LLC bought a new stake in shares of T. Rowe Price Group during the 3rd quarter valued at $285,000. Insight Folios Inc lifted its holdings in T. Rowe Price Group by 3.6% during the 3rd quarter. Insight Folios Inc now owns 2,612 shares of the asset manager’s stock worth $285,000 after purchasing an additional 90 shares in the last quarter. Smithbridge Asset Management Inc. DE boosted its stake in T. Rowe Price Group by 5.4% in the 3rd quarter. Smithbridge Asset Management Inc. DE now owns 36,774 shares of the asset manager’s stock worth $4,006,000 after purchasing an additional 1,879 shares during the period. Finally, TCI Wealth Advisors Inc. grew its holdings in T. Rowe Price Group by 4.5% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 2,834 shares of the asset manager’s stock valued at $309,000 after buying an additional 121 shares in the last quarter. Institutional investors own 73.39% of the company’s stock.

Insider Buying and Selling at T. Rowe Price Group

In other T. Rowe Price Group news, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $123.35, for a total value of $499,197.45. Following the completion of the sale, the vice president now owns 119,577 shares in the company, valued at approximately $14,749,822.95. The trade was a 3.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Arif Husain sold 4,112 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $109.27, for a total value of $449,318.24. Following the sale, the vice president now directly owns 36,800 shares of the company’s stock, valued at approximately $4,021,136. This trade represents a 10.05 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

T. Rowe Price Group Trading Up 0.3 %

Shares of T. Rowe Price Group stock opened at $106.57 on Tuesday. The firm has a market capitalization of $23.73 billion, a PE ratio of 11.63, a price-to-earnings-growth ratio of 2.86 and a beta of 1.44. T. Rowe Price Group, Inc. has a 12 month low of $100.49 and a 12 month high of $125.81. The business’s 50-day moving average price is $112.54 and its 200-day moving average price is $112.43.

T. Rowe Price Group (NASDAQ:TROW) last issued its quarterly earnings results on Wednesday, February 5th. The asset manager reported $2.12 EPS for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.08). T. Rowe Price Group had a net margin of 29.61% and a return on equity of 20.83%. During the same quarter in the prior year, the firm earned $1.72 EPS. As a group, analysts predict that T. Rowe Price Group, Inc. will post 9.29 earnings per share for the current fiscal year.

T. Rowe Price Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $1.27 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from T. Rowe Price Group’s previous quarterly dividend of $1.24. This represents a $5.08 annualized dividend and a yield of 4.77%. T. Rowe Price Group’s payout ratio is currently 55.46%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TROW. Evercore ISI increased their price target on shares of T. Rowe Price Group from $112.00 to $113.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $113.00 target price (up from $111.00) on shares of T. Rowe Price Group in a research note on Thursday, February 6th. Morgan Stanley reduced their price target on shares of T. Rowe Price Group from $126.00 to $121.00 and set an “equal weight” rating for the company in a research report on Monday. TD Cowen lowered their price objective on T. Rowe Price Group from $120.00 to $116.00 and set a “hold” rating on the stock in a research report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on T. Rowe Price Group from $115.00 to $120.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Four equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, T. Rowe Price Group currently has an average rating of “Hold” and an average target price of $114.09.

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.