T. Rowe Price Group, Inc. (TROW) Position Lowered by Autus Asset Management LLC

Autus Asset Management LLC lowered its stake in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 4.7% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,290 shares of the asset manager’s stock after selling 600 shares during the period. Autus Asset Management LLC’s holdings in T. Rowe Price Group were worth $838,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. State Street Corp boosted its stake in T. Rowe Price Group by 12.4% in the fourth quarter. State Street Corp now owns 14,733,079 shares of the asset manager’s stock valued at $1,108,811,000 after buying an additional 1,630,497 shares in the last quarter. Thomaspartners Inc. boosted its stake in T. Rowe Price Group by 11.2% in the third quarter. Thomaspartners Inc. now owns 1,788,918 shares of the asset manager’s stock valued at $118,963,000 after buying an additional 180,840 shares in the last quarter. Brown Advisory Inc. boosted its stake in T. Rowe Price Group by 1.5% in the fourth quarter. Brown Advisory Inc. now owns 1,630,029 shares of the asset manager’s stock valued at $122,678,000 after buying an additional 23,457 shares in the last quarter. Bahl & Gaynor Inc. boosted its stake in T. Rowe Price Group by 9.1% in the third quarter. Bahl & Gaynor Inc. now owns 1,574,383 shares of the asset manager’s stock valued at $104,696,000 after buying an additional 130,816 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in T. Rowe Price Group by 21.6% in the first quarter. American Century Companies Inc. now owns 1,529,137 shares of the asset manager’s stock valued at $104,211,000 after buying an additional 271,593 shares in the last quarter. Institutional investors and hedge funds own 71.24% of the company’s stock.

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

T. Rowe Price Group, Inc. (NASDAQ TROW) traded up 0.14% during trading on Friday, hitting $73.35. 2,073,935 shares of the stock were exchanged. The stock has a market cap of $17.70 billion, a price-to-earnings ratio of 14.37 and a beta of 1.27. The firm’s 50 day moving average price is $71.43 and its 200-day moving average price is $71.85. T. Rowe Price Group, Inc. has a 1-year low of $62.97 and a 1-year high of $78.95.

T. Rowe Price Group (NASDAQ:TROW) last released its quarterly earnings data on Tuesday, April 25th. The asset manager reported $1.18 EPS for the quarter, missing the consensus estimate of $1.20 by $0.02. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.10 billion. T. Rowe Price Group had a net margin of 29.59% and a return on equity of 24.24%. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.15 EPS. On average, analysts anticipate that T. Rowe Price Group, Inc. will post $5.17 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 29th. Stockholders of record on Thursday, June 15th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend is Tuesday, June 13th. T. Rowe Price Group’s payout ratio is presently 44.88%.

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TROW has been the subject of several research reports. ValuEngine cut shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Argus lowered shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. BidaskClub raised shares of T. Rowe Price Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Jefferies Group LLC reaffirmed a “buy” rating and set a $84.00 price objective on shares of T. Rowe Price Group in a research report on Monday, March 27th. Finally, Morgan Stanley lowered shares of T. Rowe Price Group to a “sell” rating in a research report on Saturday, March 18th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $73.18.

T. Rowe Price Group Company Profile

T. Rowe Price Group, Inc is a financial services holding company. The Company provides global investment management services through its subsidiaries to investors across the world. The Company provides an array of Company sponsored the United States mutual funds, other sponsored pooled investment vehicles, sub advisory services, separate account management, recordkeeping, and related services to individuals, advisors, institutions, financial intermediaries and retirement plan sponsors.

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