Quadrant Capital Group LLC Has $121,000 Holdings in T. Rowe Price Group, Inc. (TROW)

Quadrant Capital Group LLC boosted its holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 5.4% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,749 shares of the asset manager’s stock after buying an additional 89 shares during the period. Quadrant Capital Group LLC’s holdings in T. Rowe Price Group were worth $121,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. increased its stake in T. Rowe Price Group by 1.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 11,756,348 shares of the asset manager’s stock worth $872,439,000 after buying an additional 156,326 shares in the last quarter. Ffcm LLC increased its stake in T. Rowe Price Group by 6.4% in the 2nd quarter. Ffcm LLC now owns 37,660 shares of the asset manager’s stock worth $2,795,000 after buying an additional 2,261 shares in the last quarter. Aviva PLC increased its stake in T. Rowe Price Group by 1.9% in the 2nd quarter. Aviva PLC now owns 147,815 shares of the asset manager’s stock worth $10,969,000 after buying an additional 2,760 shares in the last quarter. AXA increased its stake in T. Rowe Price Group by 68.6% in the 2nd quarter. AXA now owns 624,107 shares of the asset manager’s stock worth $46,315,000 after buying an additional 253,900 shares in the last quarter. Finally, Bridgewater Associates LP increased its stake in T. Rowe Price Group by 14.9% in the 1st 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. Institutional investors and hedge funds own 73.62% of the company’s stock.

Shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) traded up 0.73% on Thursday, hitting $93.53. 138,917 shares of the company were exchanged. The stock has a market capitalization of $22.48 billion, a PE ratio of 16.06 and a beta of 1.25. T. Rowe Price Group, Inc. has a 52-week low of $62.97 and a 52-week high of $93.86. The firm’s 50-day moving average is $86.47 and its 200-day moving average is $77.63.

T. Rowe Price Group (NASDAQ:TROW) last posted its quarterly earnings results on Tuesday, July 25th. The asset manager reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.01. T. Rowe Price Group had a net margin of 32.64% and a return on equity of 24.38%. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the prior year, the company posted $0.76 EPS. The business’s revenue for the quarter was up 12.1% on a year-over-year basis. Equities research analysts predict that T. Rowe Price Group, Inc. will post $5.72 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 28th. Stockholders of record on Thursday, September 14th were paid a $0.57 dividend. The ex-dividend date was Wednesday, September 13th. This represents a $2.28 annualized dividend and a dividend yield of 2.46%. T. Rowe Price Group’s dividend payout ratio (DPR) is 39.18%.

In other news, CFO Kenneth V. Moreland sold 13,041 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $90.43, for a total value of $1,179,297.63. Following the completion of the sale, the chief financial officer now owns 135,028 shares of the company’s stock, valued at approximately $12,210,582.04. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jessica M. Hiebler sold 1,000 shares of the stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $84.29, for a total transaction of $84,290.00. Following the completion of the sale, the insider now directly owns 8,461 shares of the company’s stock, valued at approximately $713,177.69. The disclosure for this sale can be found here. In the last three months, insiders sold 36,924 shares of company stock valued at $3,187,333. Corporate insiders own 3.60% of the company’s stock.

A number of equities research analysts have issued reports on the company. UBS AG reiterated a “sell” rating and issued a $63.00 price target (up previously from $62.00) on shares of T. Rowe Price Group in a research note on Friday, July 14th. Citigroup Inc. increased their price target on T. Rowe Price Group from $73.50 to $90.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 26th. Morgan Stanley upgraded T. Rowe Price Group from an “underweight” rating to an “equal” rating and increased their price target for the stock from $77.00 to $93.00 in a research note on Thursday, October 5th. BidaskClub lowered T. Rowe Price Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 1st. Finally, Goldman Sachs Group, Inc. (The) upgraded T. Rowe Price Group from a “neutral” rating to a “buy” rating and increased their price target for the stock from $85.00 to $100.00 in a research note on Thursday, September 28th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. T. Rowe Price Group has a consensus rating of “Hold” and an average price target of $86.18.

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About T. Rowe Price Group

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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