NBT Bank N A NY lessened its stake in T. Rowe Price Group, Inc. (NASDAQ:TROW – Get Rating) by 2.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,656 shares of the asset manager’s stock after selling 904 shares during the quarter. NBT Bank N A NY’s holdings in T. Rowe Price Group were worth $3,780,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Zullo Investment Group Inc. grew its position in shares of T. Rowe Price Group by 164.6% during the 3rd quarter. Zullo Investment Group Inc. now owns 254 shares of the asset manager’s stock worth $27,000 after buying an additional 158 shares during the period. Beacon Capital Management LLC grew its position in shares of T. Rowe Price Group by 61.3% during the 4th quarter. Beacon Capital Management LLC now owns 250 shares of the asset manager’s stock worth $27,000 after buying an additional 95 shares during the period. Eisler Capital UK Ltd. acquired a new stake in shares of T. Rowe Price Group during the 3rd quarter worth approximately $29,000. Asset Dedication LLC grew its position in shares of T. Rowe Price Group by 173.8% during the 4th quarter. Asset Dedication LLC now owns 293 shares of the asset manager’s stock worth $32,000 after buying an additional 186 shares during the period. Finally, Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new stake in shares of T. Rowe Price Group during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 76.58% of the company’s stock.
Insider Buying and Selling
In related news, insider Jessica M. Hiebler sold 1,881 shares of the business’s stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $106.66, for a total transaction of $200,627.46. Following the transaction, the insider now directly owns 11,628 shares in the company, valued at $1,240,242.48. The sale was disclosed in a filing with the SEC, which is available through this link. 2.10% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
T. Rowe Price Group Stock Up 1.8 %
Shares of TROW stock traded up $1.88 during trading on Friday, reaching $105.97. The company’s stock had a trading volume of 523,246 shares, compared to its average volume of 1,552,605. The business has a fifty day moving average price of $108.95 and a 200-day moving average price of $113.97. The company has a market cap of $23.80 billion, a price-to-earnings ratio of 17.34, a price-to-earnings-growth ratio of 2.61 and a beta of 1.30. T. Rowe Price Group, Inc. has a one year low of $93.53 and a one year high of $134.64.
T. Rowe Price Group (NASDAQ:TROW – Get Rating) last announced its quarterly earnings data on Tuesday, May 2nd. The asset manager reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.07. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.54 billion. T. Rowe Price Group had a net margin of 22.90% and a return on equity of 17.92%. The firm’s revenue for the quarter was down 17.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.62 earnings per share. Research analysts anticipate that T. Rowe Price Group, Inc. will post 6.63 EPS for the current year.
T. Rowe Price Group Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 29th. Investors of record on Thursday, June 15th will be issued a dividend of $1.22 per share. The ex-dividend date of this dividend is Wednesday, June 14th. This represents a $4.88 dividend on an annualized basis and a yield of 4.61%. T. Rowe Price Group’s payout ratio is 79.87%.
T. Rowe Price Group Company Profile
T. Rowe Price Group, Inc engages in the provision of investment management services. The company was founded by Thomas Rowe Price Jr. in 1937 and is headquartered in Baltimore, MD.
- Get a free copy of the StockNews.com research report on T. Rowe Price Group (TROW)
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