Boston Trust Walden Corp Has $67.41 Million Stake in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Boston Trust Walden Corp lessened its position in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 5.9% in the third quarter, Holdings Channel.com reports. The firm owned 618,827 shares of the asset manager’s stock after selling 38,469 shares during the quarter. Boston Trust Walden Corp’s holdings in T. Rowe Price Group were worth $67,409,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Forsta AP Fonden lifted its holdings in shares of T. Rowe Price Group by 68.0% during the third quarter. Forsta AP Fonden now owns 117,800 shares of the asset manager’s stock worth $12,832,000 after purchasing an additional 47,700 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in T. Rowe Price Group by 14.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 157,068 shares of the asset manager’s stock worth $17,201,000 after buying an additional 19,482 shares during the period. Capital Management Associates Inc acquired a new position in T. Rowe Price Group during the 3rd quarter worth about $515,000. Ballentine Partners LLC bought a new stake in shares of T. Rowe Price Group in the 3rd quarter valued at about $285,000. Finally, Nicholson Wealth Management Group LLC acquired a new stake in shares of T. Rowe Price Group in the third quarter valued at about $635,000. 73.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other T. Rowe Price Group news, VP Andrew Justin Mackenzi Thomson sold 11,969 shares of the firm’s 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 transaction, the vice president now directly owns 123,624 shares in the company, valued at approximately $12,712,255.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Jessica M. Hiebler sold 484 shares of the firm’s 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 completion of the sale, the insider now directly owns 13,939 shares of the company’s stock, valued at $1,459,831.47. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 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 trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TROW. JPMorgan Chase & Co. upped their target price on T. Rowe Price Group from $102.00 to $107.00 and gave the company an “underweight” rating in a report on Tuesday, July 23rd. The Goldman Sachs Group decreased their price objective on shares of T. Rowe Price Group from $106.00 to $102.00 and set a “sell” rating for the company in a research report on Thursday, October 3rd. Evercore ISI boosted their target price on shares of T. Rowe Price Group from $108.00 to $109.00 and gave the company an “in-line” rating in a report on Friday, October 4th. TD Cowen decreased their price target on T. Rowe Price Group from $123.00 to $118.00 and set a “hold” rating for the company in a report on Monday, July 29th. Finally, StockNews.com downgraded T. Rowe Price Group from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Four equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to MarketBeat.com, T. Rowe Price Group currently has a consensus rating of “Hold” and a consensus target price of $113.00.

T. Rowe Price Group Price Performance

Shares of NASDAQ:TROW traded down $0.68 during trading on Friday, reaching $111.33. 863,146 shares of the stock were exchanged, compared to its average volume of 1,248,162. The stock has a fifty day moving average of $108.08 and a two-hundred day moving average of $111.86. T. Rowe Price Group, Inc. has a 1-year low of $87.43 and a 1-year high of $122.27. The firm has a market cap of $24.86 billion, a price-to-earnings ratio of 13.22, a price-to-earnings-growth ratio of 1.86 and a beta of 1.41.

T. Rowe Price Group (NASDAQ:TROW) last posted its earnings results on Friday, July 26th. The asset manager reported $2.26 earnings per share for the quarter, missing analysts’ consensus estimates of $2.27 by ($0.01). The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.79 billion. T. Rowe Price Group had a return on equity of 19.90% and a net margin of 28.66%. The company’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.02 EPS. Sell-side analysts forecast that T. Rowe Price Group, Inc. will post 9.09 EPS for the current year.

T. Rowe Price Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a $1.24 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $4.96 dividend on an annualized basis and a dividend yield of 4.46%. T. Rowe Price Group’s dividend payout ratio is presently 58.91%.

T. Rowe Price Group Company 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.