Vaughan David Investments LLC IL Decreases Holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Vaughan David Investments LLC IL reduced its position in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 2.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,920 shares of the asset manager’s stock after selling 100 shares during the period. Vaughan David Investments LLC IL’s holdings in T. Rowe Price Group were worth $443,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Horizon Advisory Services Inc. purchased a new position in T. Rowe Price Group in the fourth quarter worth about $308,000. Addison Advisors LLC lifted its stake in shares of T. Rowe Price Group by 67.4% in the 4th quarter. Addison Advisors LLC now owns 231 shares of the asset manager’s stock worth $26,000 after purchasing an additional 93 shares during the period. Rothschild Investment LLC boosted its holdings in shares of T. Rowe Price Group by 1.9% in the fourth quarter. Rothschild Investment LLC now owns 9,828 shares of the asset manager’s stock worth $1,111,000 after buying an additional 187 shares during the last quarter. IFP Advisors Inc grew its position in T. Rowe Price Group by 3.2% during the fourth quarter. IFP Advisors Inc now owns 3,792 shares of the asset manager’s stock valued at $429,000 after buying an additional 119 shares during the period. Finally, South Dakota Investment Council purchased a new stake in T. Rowe Price Group during the fourth quarter valued at approximately $158,000. Institutional investors own 73.39% of the company’s stock.

Insiders Place Their Bets

In other news, VP Arif Husain sold 4,112 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $109.27, for a total transaction of $449,318.24. Following the completion of the transaction, the vice president now directly owns 36,800 shares in the company, valued at approximately $4,021,136. This represents a 10.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of the business’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $123.35, for a total transaction of $499,197.45. Following the completion of the sale, the vice president now owns 119,577 shares in the company, valued at $14,749,822.95. This represents a 3.27 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

TROW has been the topic of several analyst reports. JPMorgan Chase & Co. dropped their price target on shares of T. Rowe Price Group from $116.00 to $115.00 and set an “underweight” rating on the stock in a research note on Monday, November 4th. StockNews.com downgraded T. Rowe Price Group from a “buy” rating to a “hold” rating in a research report on Sunday, February 2nd. Morgan Stanley cut their price target on T. Rowe Price Group from $126.00 to $121.00 and set an “equal weight” rating for the company in a report on Monday. Wells Fargo & Company decreased their price objective on T. Rowe Price Group from $118.00 to $116.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Finally, Evercore ISI boosted their price objective on T. Rowe Price Group from $112.00 to $113.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. Four analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to MarketBeat.com, T. Rowe Price Group has an average rating of “Hold” and an average target price of $114.09.

T. Rowe Price Group Trading Down 0.3 %

NASDAQ:TROW opened at $106.23 on Wednesday. The stock has a 50-day moving average price of $112.31 and a 200 day moving average price of $112.43. The stock has a market capitalization of $23.65 billion, a P/E ratio of 11.60, a P/E/G 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.

T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly earnings data on Wednesday, February 5th. The asset manager reported $2.12 earnings per share (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 previous year, the business earned $1.72 EPS. On average, research 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 business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $1.27 dividend. This is an increase from T. Rowe Price Group’s previous quarterly dividend of $1.24. This represents a $5.08 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date is Friday, March 14th. T. Rowe Price Group’s payout ratio is currently 55.46%.

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.