SC&H Financial Advisors Inc. Takes Position in T. Rowe Price Group, Inc. (NASDAQ:TROW)

SC&H Financial Advisors Inc. bought a new stake in T. Rowe Price Group, Inc. (NASDAQ:TROWGet Rating) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,779 shares of the asset manager’s stock, valued at approximately $350,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. King Luther Capital Management Corp boosted its stake in shares of T. Rowe Price Group by 4.6% in the 3rd quarter. King Luther Capital Management Corp now owns 1,063 shares of the asset manager’s stock valued at $209,000 after purchasing an additional 47 shares during the last quarter. Ancora Advisors LLC boosted its stake in T. Rowe Price Group by 4.2% during the 3rd quarter. Ancora Advisors LLC now owns 1,177 shares of the asset manager’s stock worth $232,000 after acquiring an additional 47 shares during the last quarter. 44 Wealth Management LLC boosted its stake in T. Rowe Price Group by 4.9% during the 4th quarter. 44 Wealth Management LLC now owns 1,281 shares of the asset manager’s stock worth $252,000 after acquiring an additional 60 shares during the last quarter. IFP Advisors Inc boosted its stake in T. Rowe Price Group by 3.7% during the 4th quarter. IFP Advisors Inc now owns 1,885 shares of the asset manager’s stock worth $372,000 after acquiring an additional 67 shares during the last quarter. Finally, 55I LLC raised its holdings in T. Rowe Price Group by 5.4% during the 4th quarter. 55I LLC now owns 1,347 shares of the asset manager’s stock worth $265,000 after buying an additional 69 shares during the period. 71.80% of the stock is currently owned by institutional investors.

Shares of TROW opened at $123.49 on Tuesday. The company’s fifty day simple moving average is $139.11 and its 200 day simple moving average is $165.91. T. Rowe Price Group, Inc. has a 1-year low of $112.65 and a 1-year high of $224.55. The company has a market cap of $28.07 billion, a price-to-earnings ratio of 9.80, a PEG ratio of 1.89 and a beta of 1.34.

T. Rowe Price Group (NASDAQ:TROWGet Rating) last released its quarterly earnings data on Thursday, April 28th. The asset manager reported $2.62 EPS for the quarter, missing analysts’ consensus estimates of $2.76 by ($0.14). T. Rowe Price Group had a return on equity of 33.38% and a net margin of 37.64%. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the firm earned $3.01 earnings per share. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, analysts predict that T. Rowe Price Group, Inc. will post 10.93 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 29th. Shareholders of record on Wednesday, June 15th will be given a dividend of $1.20 per share. The ex-dividend date is Tuesday, June 14th. This represents a $4.80 dividend on an annualized basis and a yield of 3.89%. T. Rowe Price Group’s dividend payout ratio (DPR) is 38.83%.

TROW has been the topic of several research analyst reports. BMO Capital Markets dropped their target price on shares of T. Rowe Price Group from $204.00 to $160.00 and set an “outperform” rating on the stock in a report on Monday, May 2nd. StockNews.com initiated coverage on shares of T. Rowe Price Group in a report on Thursday, March 31st. They set a “hold” rating on the stock. Citigroup lowered their price objective on shares of T. Rowe Price Group from $110.00 to $90.00 in a report on Friday, April 29th. Jefferies Financial Group reiterated a “hold” rating and issued a $156.00 price objective on shares of T. Rowe Price Group in a report on Monday, April 11th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of T. Rowe Price Group from $159.00 to $145.00 and set a “hold” rating on the stock in a report on Thursday, April 7th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $170.00.

In other news, VP Andrew Justin Mackenzi Thomson sold 8,216 shares of the business’s stock in a transaction dated Tuesday, February 22nd. The shares were sold at an average price of $142.92, for a total value of $1,174,230.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jessica M. Hiebler sold 1,260 shares of the business’s stock in a transaction dated Monday, February 28th. The shares were sold at an average price of $143.65, for a total value of $180,999.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,206 shares of company stock valued at $1,446,480. Company insiders own 2.00% of the company’s stock.

T. Rowe Price Group Profile (Get Rating)

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.

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Institutional Ownership by Quarter for T. Rowe Price Group (NASDAQ:TROW)

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