CreativeOne Wealth LLC Has $2.25 Million Holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW)

CreativeOne Wealth LLC grew its holdings in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 57.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,664 shares of the asset manager’s stock after purchasing an additional 7,561 shares during the quarter. CreativeOne Wealth LLC’s holdings in T. Rowe Price Group were worth $2,251,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Blueshift Asset Management LLC grew its stake in T. Rowe Price Group by 127.6% in the 3rd quarter. Blueshift Asset Management LLC now owns 4,429 shares of the asset manager’s stock valued at $482,000 after buying an additional 2,483 shares during the last quarter. Bridgewater Associates LP boosted its holdings in T. Rowe Price Group by 794.1% during the third quarter. Bridgewater Associates LP now owns 15,879 shares of the asset manager’s stock valued at $1,730,000 after acquiring an additional 14,103 shares during the period. RBO & Co. LLC grew its position in shares of T. Rowe Price Group by 5.0% in the third quarter. RBO & Co. LLC now owns 82,435 shares of the asset manager’s stock valued at $8,980,000 after purchasing an additional 3,960 shares during the last quarter. Townsquare Capital LLC increased its position in T. Rowe Price Group by 6.6% in the 3rd quarter. Townsquare Capital LLC now owns 4,839 shares of the asset manager’s stock worth $527,000 after buying an additional 299 shares during the period. Finally, Brooklyn Investment Group bought a new position in T. Rowe Price Group during the third quarter valued at about $43,000. 73.39% of the stock is currently owned by institutional investors.

T. Rowe Price Group Trading Up 0.2 %

NASDAQ:TROW opened at $124.16 on Thursday. The stock has a 50 day simple moving average of $113.18 and a 200 day simple moving average of $112.69. T. Rowe Price Group, Inc. has a 1-year low of $96.50 and a 1-year high of $124.83. The stock has a market cap of $27.58 billion, a P/E ratio of 13.58, a PEG ratio of 1.73 and a beta of 1.41.

T. Rowe Price Group (NASDAQ:TROW) last released its earnings results on Friday, November 1st. The asset manager reported $2.57 EPS for the quarter, beating the consensus estimate of $2.36 by $0.21. T. Rowe Price Group had a net margin of 30.35% and a return on equity of 20.35%. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period last year, the firm earned $2.17 EPS. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. As a group, sell-side analysts forecast that T. Rowe Price Group, Inc. will post 9.39 EPS for the current year.

T. Rowe Price Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a dividend of $1.24 per share. This represents a $4.96 annualized dividend and a dividend yield of 3.99%. The ex-dividend date is Friday, December 13th. T. Rowe Price Group’s dividend payout ratio (DPR) is currently 54.27%.

Analysts Set New Price Targets

TROW has been the subject of a number of recent research reports. Morgan Stanley upped their target price on T. Rowe Price Group from $127.00 to $129.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Evercore ISI raised their price objective 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. Deutsche Bank Aktiengesellschaft upped their target price on shares of T. Rowe Price Group from $115.00 to $120.00 and gave the company a “hold” rating in a research note on Monday, November 11th. TD Cowen reduced their price objective on T. Rowe Price Group from $120.00 to $116.00 and set a “hold” rating on the stock in a report on Monday, November 4th. Finally, JPMorgan Chase & Co. lowered their target price on T. Rowe Price Group from $116.00 to $115.00 and set an “underweight” rating for the company in a research note on Monday, November 4th. Four analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $115.55.

Insider Buying and Selling at T. Rowe Price Group

In related news, VP Andrew Justin Mackenzi Thomson sold 11,969 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $12,712,255.92. The trade was a 8.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jessica M. Hiebler sold 484 shares of the firm’s 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 completion of the transaction, the insider now directly owns 13,939 shares in the company, valued at $1,459,831.47. This trade represents a 3.36 % decrease in their ownership of the stock. 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.