T. Rowe Price Group, Inc. (NASDAQ:TROW) Shares Sold by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. lessened its holdings in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 0.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,696 shares of the asset manager’s stock after selling 137 shares during the quarter. GHP Investment Advisors Inc.’s holdings in T. Rowe Price Group were worth $3,540,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Lynx Investment Advisory acquired a new stake in shares of T. Rowe Price Group during the second quarter worth about $29,000. Family Firm Inc. acquired a new stake in T. Rowe Price Group in the second quarter valued at approximately $36,000. Versant Capital Management Inc raised its holdings in T. Rowe Price Group by 660.5% in the second quarter. Versant Capital Management Inc now owns 327 shares of the asset manager’s stock valued at $38,000 after acquiring an additional 284 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in T. Rowe Price Group by 93.6% in the first quarter. EverSource Wealth Advisors LLC now owns 331 shares of the asset manager’s stock valued at $40,000 after acquiring an additional 160 shares in the last quarter. Finally, Riverview Trust Co raised its holdings in T. Rowe Price Group by 136.4% in the second quarter. Riverview Trust Co now owns 357 shares of the asset manager’s stock valued at $41,000 after acquiring an additional 206 shares in the last quarter. Institutional investors and hedge funds own 73.39% of the company’s stock.

Insider Transactions at T. Rowe Price Group

In related news, VP Andrew Justin Mackenzi Thomson sold 11,969 shares of T. Rowe Price Group stock in a transaction on Friday, September 6th. The shares were sold at an average price of $102.83, for a total value of $1,230,772.27. Following the transaction, the vice president now directly owns 123,624 shares in the company, valued at approximately $12,712,255.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Jessica M. Hiebler sold 1,401 shares of T. Rowe Price Group stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $115.85, for a total value of $162,305.85. Following the transaction, the insider now directly owns 14,198 shares in the company, valued at approximately $1,644,838.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Andrew Justin Mackenzi Thomson sold 11,969 shares of T. Rowe Price Group stock in a transaction on Friday, September 6th. The shares were 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 owns 123,624 shares in the company, valued at $12,712,255.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,370 shares of company stock worth $1,627,078. Insiders own 2.00% of the company’s stock.

T. Rowe Price Group Trading Down 0.3 %

Shares of TROW opened at $104.56 on Friday. The firm has a market cap of $23.35 billion, a PE ratio of 12.42, a price-to-earnings-growth ratio of 1.66 and a beta of 1.41. The company’s 50 day simple moving average is $109.60 and its 200-day simple moving average is $113.48. T. Rowe Price Group, Inc. has a 12-month low of $87.43 and a 12-month high of $122.27.

T. Rowe Price Group (NASDAQ:TROW) last announced its earnings results on Friday, July 26th. The asset manager reported $2.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.27 by ($0.01). The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.79 billion. T. Rowe Price Group had a return on equity of 19.90% and a net margin of 28.66%. The business’s revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the business posted $2.02 earnings per share. As a group, equities research analysts forecast that T. Rowe Price Group, Inc. will post 9 EPS for the current fiscal year.

T. Rowe Price Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be given a dividend of $1.24 per share. The ex-dividend date is Friday, September 13th. This represents a $4.96 dividend on an annualized basis and a dividend yield of 4.74%. T. Rowe Price Group’s dividend payout ratio (DPR) is presently 58.91%.

Analyst Upgrades and Downgrades

TROW has been the topic of several analyst reports. StockNews.com cut shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a report on Monday, July 29th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $120.00 target price (down previously from $121.00) on shares of T. Rowe Price Group in a report on Monday, July 29th. Evercore ISI reduced their target price on shares of T. Rowe Price Group from $115.00 to $108.00 and set an “in-line” rating on the stock in a report on Thursday, September 5th. Barclays started coverage on shares of T. Rowe Price Group in a report on Tuesday, August 27th. They set an “underweight” rating and a $99.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of T. Rowe Price Group from $112.00 to $113.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. Three analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $113.30.

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.