Global X Japan Co. Ltd. decreased its position in T. Rowe Price Group, Inc. (NASDAQ:TROW – Free Report) by 2.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,689 shares of the asset manager’s stock after selling 101 shares during the quarter. Global X Japan Co. Ltd.’s holdings in T. Rowe Price Group were worth $402,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Ashton Thomas Private Wealth LLC bought a new stake in shares of T. Rowe Price Group in the 1st quarter valued at approximately $1,008,000. Envestnet Portfolio Solutions Inc. grew its stake in shares of T. Rowe Price Group by 52.4% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 65,534 shares of the asset manager’s stock valued at $7,990,000 after buying an additional 22,533 shares in the last quarter. Norden Group LLC bought a new stake in shares of T. Rowe Price Group in the 1st quarter valued at approximately $8,437,000. Forsta AP Fonden grew its stake in shares of T. Rowe Price Group by 32.3% in the 2nd quarter. Forsta AP Fonden now owns 70,100 shares of the asset manager’s stock valued at $8,083,000 after buying an additional 17,100 shares in the last quarter. Finally, Mizuho Markets Americas LLC grew its stake in shares of T. Rowe Price Group by 90.0% in the 1st quarter. Mizuho Markets Americas LLC now owns 90,688 shares of the asset manager’s stock valued at $11,057,000 after buying an additional 42,949 shares in the last quarter. Institutional investors own 73.39% of the company’s stock.
T. Rowe Price Group Trading Down 1.0 %
Shares of NASDAQ TROW opened at $112.92 on Wednesday. The business has a fifty day simple moving average of $107.88 and a 200 day simple moving average of $111.92. The firm has a market capitalization of $25.22 billion, a price-to-earnings ratio of 13.41, a PEG ratio of 1.93 and a beta of 1.41. T. Rowe Price Group, Inc. has a one year low of $87.43 and a one year high of $122.27.
T. Rowe Price Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a dividend of $1.24 per share. The ex-dividend date was Friday, September 13th. This represents a $4.96 annualized dividend and a yield of 4.39%. T. Rowe Price Group’s dividend payout ratio is currently 58.91%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on the company. Morgan Stanley boosted their price target on T. Rowe Price Group from $125.00 to $127.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $120.00 target price (down previously from $121.00) on shares of T. Rowe Price Group in a research report on Monday, July 29th. Barclays upped their target price on T. Rowe Price Group from $99.00 to $101.00 and gave the stock an “underweight” rating in a research report on Monday, October 14th. Evercore ISI upped their target price on T. Rowe Price Group from $108.00 to $109.00 and gave the stock an “in-line” rating in a research report on Friday, October 4th. Finally, Wells Fargo & Company upped their target price on T. Rowe Price Group from $109.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. Four investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $113.00.
Get Our Latest Analysis on TROW
Insiders Place Their Bets
In other T. Rowe Price Group news, VP Andrew Justin Mackenzi Thomson sold 11,969 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $102.83, for a total transaction of $1,230,772.27. Following the completion of the transaction, the vice president now directly owns 123,624 shares in the company, valued at $12,712,255.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Jessica M. Hiebler sold 484 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $104.73, for a total transaction of $50,689.32. Following the sale, the insider now owns 13,939 shares in the company, valued at approximately $1,459,831.47. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Andrew Justin Mackenzi Thomson sold 11,969 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $102.83, for a total value of $1,230,772.27. Following the sale, the vice president now owns 123,624 shares in the company, valued at $12,712,255.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.
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.
See Also
- Five stocks we like better than T. Rowe Price Group
- What is the S&P/TSX Index?
- Short Sellers Eye Palantir: Should You Buy the Dip?
- Which Wall Street Analysts are the Most Accurate?
- Is This NVIDIA Backed Robotics Stock a Buy As It Nears Expansion?
- How to Use the MarketBeat Excel Dividend Calculator
- Bet on These 3 High-Yield Stocks as Natural Gas Demand Grows
Want to see what other hedge funds are holding TROW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for T. Rowe Price Group, Inc. (NASDAQ:TROW – Free Report).
Receive News & Ratings for T. Rowe Price Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for T. Rowe Price Group and related companies with MarketBeat.com's FREE daily email newsletter.