Chicago Equity Partners LLC Has $514,000 Holdings in T. Rowe Price Group, Inc. (TROW)

Chicago Equity Partners LLC continued to hold its stake in T. Rowe Price Group, Inc. (NASDAQ:TROW) during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,930 shares of the asset manager’s stock at the close of the second quarter. Chicago Equity Partners LLC’s holdings in T. Rowe Price Group were worth $514,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. BlackRock Inc. raised its holdings in shares of T. Rowe Price Group by 1,722.6% during the 1st quarter. BlackRock Inc. now owns 16,378,787 shares of the asset manager’s stock worth $1,116,214,000 after acquiring an additional 15,480,155 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of T. Rowe Price Group by 6.7% during the 1st quarter. JPMorgan Chase & Co. now owns 11,600,022 shares of the asset manager’s stock worth $790,542,000 after acquiring an additional 728,477 shares during the period. Geode Capital Management LLC raised its holdings in shares of T. Rowe Price Group by 8.8% during the 1st quarter. Geode Capital Management LLC now owns 2,818,756 shares of the asset manager’s stock worth $191,869,000 after acquiring an additional 228,194 shares during the period. American Century Companies Inc. raised its holdings in shares of T. Rowe Price Group by 66.4% during the 2nd quarter. American Century Companies Inc. now owns 2,544,655 shares of the asset manager’s stock worth $188,839,000 after acquiring an additional 1,015,518 shares during the period. Finally, Thomaspartners Inc. raised its holdings in shares of T. Rowe Price Group by 12.6% during the 1st quarter. Thomaspartners Inc. now owns 2,208,621 shares of the asset manager’s stock worth $150,518,000 after acquiring an additional 246,695 shares during the period. Institutional investors own 74.20% of the company’s stock.

Shares of T. Rowe Price Group, Inc. (NASDAQ TROW) opened at 84.86 on Wednesday. The company’s 50 day moving average price is $83.14 and its 200-day moving average price is $74.87. T. Rowe Price Group, Inc. has a 12 month low of $62.97 and a 12 month high of $85.42. The firm has a market capitalization of $20.40 billion, a P/E ratio of 14.57 and a beta of 1.24.

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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, September 14th will be given a dividend of $0.57 per share. The ex-dividend date is Wednesday, September 13th. This represents a $2.28 annualized dividend and a yield of 2.69%. T. Rowe Price Group’s dividend payout ratio (DPR) is presently 39.18%.

Several research firms have recently commented on TROW. UBS AG reiterated a “sell” rating and set a $63.00 price target (up previously from $62.00) on shares of T. Rowe Price Group in a report on Friday, July 14th. Citigroup Inc. lifted their price target on T. Rowe Price Group from $73.50 to $90.00 and gave the stock a “neutral” rating in a report on Wednesday, July 26th. Zacks Investment Research upgraded T. Rowe Price Group from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a report on Wednesday, June 28th. BidaskClub lowered T. Rowe Price Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 1st. Finally, Credit Suisse Group lifted their price target on T. Rowe Price Group from $70.00 to $90.00 and gave the stock a “neutral” rating in a report on Wednesday, July 26th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $81.30.

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In related news, insider Jessica M. Hiebler sold 1,000 shares of the stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $84.29, for a total transaction of $84,290.00. Following the transaction, the insider now directly owns 8,461 shares in the company, valued at $713,177.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Anne M. Whittemore sold 8,326 shares of the stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $82.03, for a total value of $682,981.78. Following the transaction, the director now owns 28,982 shares in the company, valued at $2,377,393.46. The disclosure for this sale can be found here. Insiders have sold 19,720 shares of company stock worth $1,630,701 over the last quarter. 3.60% of the stock is currently owned by company insiders.

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.

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

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