T. Rowe Price Group, Inc. (NASDAQ:TROW) Stake Lessened by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC decreased its position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 33.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,809 shares of the asset manager’s stock after selling 2,939 shares during the period. Impact Partnership Wealth LLC’s holdings in T. Rowe Price Group were worth $633,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. MCF Advisors LLC raised its stake in shares of T. Rowe Price Group by 1.6% in the 1st quarter. MCF Advisors LLC now owns 5,953 shares of the asset manager’s stock worth $726,000 after buying an additional 92 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its position in T. Rowe Price Group by 7.4% in the second quarter. Massmutual Trust Co. FSB ADV now owns 1,328 shares of the asset manager’s stock worth $153,000 after acquiring an additional 92 shares in the last quarter. Paulson Wealth Management Inc. lifted its holdings in T. Rowe Price Group by 4.9% in the 1st quarter. Paulson Wealth Management Inc. now owns 2,028 shares of the asset manager’s stock valued at $247,000 after acquiring an additional 95 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of T. Rowe Price Group by 29.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 430 shares of the asset manager’s stock valued at $49,000 after purchasing an additional 99 shares in the last quarter. Finally, Private Wealth Partners LLC grew its stake in shares of T. Rowe Price Group by 3.1% in the 2nd quarter. Private Wealth Partners LLC now owns 3,300 shares of the asset manager’s stock worth $381,000 after purchasing an additional 100 shares during the last quarter. 73.39% of the stock is currently owned by institutional investors and hedge funds.

T. Rowe Price Group Stock Up 1.3 %

Shares of T. Rowe Price Group stock traded up $1.46 on Thursday, hitting $110.99. 75,471 shares of the company traded hands, compared to its average volume of 1,245,160. T. Rowe Price Group, Inc. has a 12-month low of $87.43 and a 12-month high of $122.27. The company has a market cap of $24.71 billion, a PE ratio of 12.93, a PEG ratio of 1.86 and a beta of 1.41. The company has a 50-day moving average price of $107.95 and a 200 day moving average price of $111.90.

T. Rowe Price Group (NASDAQ:TROW) last issued its earnings results on Friday, July 26th. The asset manager reported $2.26 EPS for the quarter, missing analysts’ consensus estimates of $2.27 by ($0.01). T. Rowe Price Group had a net margin of 28.66% and a return on equity of 19.90%. The firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter last year, the firm earned $2.02 EPS. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. Equities research analysts anticipate that T. Rowe Price Group, Inc. will post 9.09 EPS for the current year.

T. Rowe Price Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a dividend of $1.24 per share. This represents a $4.96 annualized dividend and a yield of 4.47%. The ex-dividend date of this dividend was Friday, September 13th. T. Rowe Price Group’s payout ratio is presently 58.56%.

Wall Street Analyst Weigh In

Several research firms recently commented on TROW. Morgan Stanley increased their target price on shares of 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. Barclays raised their price objective on T. Rowe Price Group from $99.00 to $101.00 and gave the stock an “underweight” rating in a research note on Monday, October 14th. The Goldman Sachs Group reduced their target price on T. Rowe Price Group from $106.00 to $102.00 and set a “sell” rating for the company in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft lifted their price target on T. Rowe Price Group from $112.00 to $113.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. Finally, Wells Fargo & Company boosted their price objective on T. Rowe Price Group from $109.00 to $112.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 9th. Four research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $113.00.

Insider Buying and Selling at T. Rowe Price Group

In other news, insider Jessica M. Hiebler sold 484 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $104.73, for a total transaction of $50,689.32. Following the transaction, the insider now owns 13,939 shares in the company, valued at $1,459,831.47. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, VP Andrew Justin Mackenzi Thomson sold 11,969 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 123,624 shares in the company, valued at approximately $12,712,255.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jessica M. Hiebler sold 484 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $104.73, for a total value of $50,689.32. Following the transaction, the insider now owns 13,939 shares in the company, valued at approximately $1,459,831.47. This trade represents 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.

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.