T. Rowe Price Group, Inc. (NASDAQ:TROW) Shares Bought by NewSquare Capital LLC

NewSquare Capital LLC lifted its position in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 3.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 51,831 shares of the asset manager’s stock after purchasing an additional 1,821 shares during the quarter. NewSquare Capital LLC’s holdings in T. Rowe Price Group were worth $5,494,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Clear Harbor Asset Management LLC lifted its position in shares of T. Rowe Price Group by 3.2% during the fourth quarter. Clear Harbor Asset Management LLC now owns 3,240 shares of the asset manager’s stock worth $349,000 after purchasing an additional 100 shares in the last quarter. Caprock Group LLC lifted its position in shares of T. Rowe Price Group by 4.7% during the fourth quarter. Caprock Group LLC now owns 2,251 shares of the asset manager’s stock worth $242,000 after purchasing an additional 101 shares in the last quarter. Roundview Capital LLC lifted its position in shares of T. Rowe Price Group by 0.5% during the third quarter. Roundview Capital LLC now owns 22,279 shares of the asset manager’s stock worth $2,336,000 after purchasing an additional 105 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its position in shares of T. Rowe Price Group by 83.5% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 233 shares of the asset manager’s stock worth $25,000 after purchasing an additional 106 shares in the last quarter. Finally, Simplicity Solutions LLC lifted its position in shares of T. Rowe Price Group by 3.4% during the third quarter. Simplicity Solutions LLC now owns 3,391 shares of the asset manager’s stock worth $356,000 after purchasing an additional 112 shares in the last quarter. Hedge funds and other institutional investors own 73.39% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of T. Rowe Price Group from $94.00 to $103.00 and gave the company an “underweight” rating in a report on Tuesday, April 16th. UBS Group raised their target price on shares of T. Rowe Price Group from $100.00 to $109.00 and gave the company a “sell” rating in a report on Friday, April 12th. TD Cowen raised shares of T. Rowe Price Group from a “sell” rating to a “hold” rating and raised their target price for the company from $92.00 to $114.00 in a report on Monday, April 8th. StockNews.com cut shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Finally, Wells Fargo & Company raised their target price on shares of T. Rowe Price Group from $105.00 to $108.00 and gave the company an “underweight” rating in a report on Friday, February 9th. Four research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $112.67.

T. Rowe Price Group Price Performance

Shares of TROW traded up $0.44 during mid-day trading on Tuesday, reaching $111.94. 1,306,763 shares of the company’s stock were exchanged, compared to its average volume of 1,419,997. The stock has a market capitalization of $25.03 billion, a PE ratio of 14.37, a price-to-earnings-growth ratio of 2.04 and a beta of 1.40. The business’s fifty day simple moving average is $114.75 and its 200-day simple moving average is $106.89. T. Rowe Price Group, Inc. has a 52-week low of $87.43 and a 52-week high of $132.76.

T. Rowe Price Group (NASDAQ:TROW) last posted its quarterly earnings data on Thursday, February 8th. The asset manager reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.12. T. Rowe Price Group had a net margin of 27.69% and a return on equity of 18.41%. The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same period last year, the firm posted $1.74 EPS. T. Rowe Price Group’s quarterly revenue was up 6.5% on a year-over-year basis. Equities research analysts predict that T. Rowe Price Group, Inc. will post 8.36 earnings per share for the current year.

T. Rowe Price Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a $1.24 dividend. This represents a $4.96 dividend on an annualized basis and a yield of 4.43%. This is a positive change from T. Rowe Price Group’s previous quarterly dividend of $1.22. The ex-dividend date of this dividend was Thursday, March 14th. T. Rowe Price Group’s dividend payout ratio (DPR) is 63.92%.

Insider Activity at T. Rowe Price Group

In related news, insider Jessica M. Hiebler sold 1,138 shares of T. Rowe Price Group stock in a transaction on Friday, February 9th. The shares were sold at an average price of $107.13, for a total value of $121,913.94. Following the transaction, the insider now directly owns 14,113 shares in the company, valued at approximately $1,511,925.69. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other T. Rowe Price Group news, insider Jessica M. Hiebler sold 1,138 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $107.13, for a total value of $121,913.94. Following the completion of the sale, the insider now owns 14,113 shares of the company’s stock, valued at $1,511,925.69. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Freeman A. Hrabowski III sold 8,740 shares of T. Rowe Price Group stock in a transaction on Friday, March 8th. The stock was sold at an average price of $118.32, for a total value of $1,034,116.80. Following the transaction, the director now directly owns 21,073 shares of the company’s stock, valued at approximately $2,493,357.36. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.

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.