T. Rowe Price Group, Inc. (TROW) Shares Bought by Stephens Inc. AR

Stephens Inc. AR grew its holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 9.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 76,725 shares of the asset manager’s stock after purchasing an additional 6,923 shares during the quarter. Stephens Inc. AR’s holdings in T. Rowe Price Group were worth $5,694,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. Daiwa Securities Group Inc. grew its position in T. Rowe Price Group by 6.3% during the first quarter. Daiwa Securities Group Inc. now owns 6,750 shares of the asset manager’s stock worth $460,000 after buying an additional 400 shares in the last quarter. Gabelli Funds LLC grew its position in T. Rowe Price Group by 16.6% during the first quarter. Gabelli Funds LLC now owns 516,000 shares of the asset manager’s stock worth $35,165,000 after buying an additional 73,400 shares in the last quarter. British Columbia Investment Management Corp grew its position in T. Rowe Price Group by 47.4% during the first quarter. British Columbia Investment Management Corp now owns 256,180 shares of the asset manager’s stock worth $17,459,000 after buying an additional 82,409 shares in the last quarter. Bridgewater Associates LP grew its position in T. Rowe Price Group by 14.9% during the first quarter. Bridgewater Associates LP now owns 131,857 shares of the asset manager’s stock worth $8,986,000 after buying an additional 17,119 shares in the last quarter. Finally, Brookstone Capital Management grew its position in T. Rowe Price Group by 1.0% during the second quarter. Brookstone Capital Management now owns 79,190 shares of the asset manager’s stock worth $5,877,000 after buying an additional 803 shares in the last quarter. 74.20% of the stock is currently owned by institutional investors.

Shares of T. Rowe Price Group, Inc. (NASDAQ TROW) traded up 1.31% during trading on Monday, hitting $83.21. 310,989 shares of the stock traded hands. T. Rowe Price Group, Inc. has a 1-year low of $62.97 and a 1-year high of $85.42. The firm has a market capitalization of $20.00 billion, a price-to-earnings ratio of 14.29 and a beta of 1.24. The firm has a 50-day moving average of $83.14 and a 200-day moving average of $74.79.

T. Rowe Price Group (NASDAQ:TROW) last announced its earnings results on Tuesday, July 25th. The asset manager reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.01. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. T. Rowe Price Group had a net margin of 32.64% and a return on equity of 24.38%. T. Rowe Price Group’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.76 earnings per share. On average, equities analysts forecast that T. Rowe Price Group, Inc. will post $5.66 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, September 14th will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend is Wednesday, September 13th. T. Rowe Price Group’s dividend payout ratio (DPR) is presently 39.18%.

In related news, Director Anne M. Whittemore sold 8,326 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $82.03, for a total transaction of $682,981.78. Following the sale, the director now owns 28,982 shares of the company’s stock, valued at approximately $2,377,393.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jessica M. Hiebler sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $84.29, for a total transaction of $84,290.00. Following the sale, the insider now directly owns 8,461 shares in the company, valued at approximately $713,177.69. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,720 shares of company stock worth $1,630,701. 3.60% of the stock is owned by corporate insiders.

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A number of equities research analysts recently weighed in on TROW shares. ValuEngine raised T. Rowe Price Group from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. BidaskClub downgraded T. Rowe Price Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 1st. Zacks Investment Research raised T. Rowe Price Group from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a report on Wednesday, June 28th. Jefferies Group LLC set a $83.00 price objective on T. Rowe Price Group and gave the company a “buy” rating in a report on Tuesday, June 20th. Finally, Wells Fargo & Company reaffirmed a “market perform” rating on shares of T. Rowe Price Group in a report on Thursday, July 27th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $80.30.

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

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