Yousif Capital Management LLC Sells 4,246 Shares of T. Rowe Price Group, Inc. (NASDAQ:TROW)

Yousif Capital Management LLC trimmed its holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 4.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 85,755 shares of the asset manager’s stock after selling 4,246 shares during the quarter. Yousif Capital Management LLC’s holdings in T. Rowe Price Group were worth $9,235,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Simmons Bank boosted its position in T. Rowe Price Group by 23.0% in the 3rd quarter. Simmons Bank now owns 3,503 shares of the asset manager’s stock valued at $367,000 after buying an additional 656 shares during the period. L. Roy Papp & Associates LLP grew its stake in T. Rowe Price Group by 5.8% in the fourth quarter. L. Roy Papp & Associates LLP now owns 158,875 shares of the asset manager’s stock worth $17,109,000 after purchasing an additional 8,773 shares in the last quarter. Nordea Investment Management AB grew its stake in T. Rowe Price Group by 3.5% in the fourth quarter. Nordea Investment Management AB now owns 317,349 shares of the asset manager’s stock worth $34,299,000 after purchasing an additional 10,680 shares in the last quarter. Vest Financial LLC grew its stake in T. Rowe Price Group by 48.8% in the fourth quarter. Vest Financial LLC now owns 280,552 shares of the asset manager’s stock worth $30,213,000 after purchasing an additional 92,059 shares in the last quarter. Finally, Cullen Investment Group LTD. bought a new position in T. Rowe Price Group in the fourth quarter worth approximately $953,000. 73.39% of the stock is owned by institutional investors.

Insider Activity at T. Rowe Price Group

In other news, insider Jessica M. Hiebler sold 1,138 shares of the stock in a transaction dated Friday, February 9th. The shares were 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 directly owns 14,113 shares in the company, valued at $1,511,925.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other T. Rowe Price Group news, insider Jessica M. Hiebler sold 1,138 shares of the stock in a transaction dated Friday, February 9th. The shares were 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 in the company, valued at approximately $1,511,925.69. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Freeman A. Hrabowski III sold 8,740 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $118.32, for a total transaction of $1,034,116.80. Following the completion of the sale, the director now 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 owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on TROW shares. Morgan Stanley increased their price target on T. Rowe Price Group from $114.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 17th. TD Cowen upgraded shares of T. Rowe Price Group from a “sell” rating to a “hold” rating and increased their target price for the stock from $92.00 to $114.00 in a report on Monday, April 8th. JPMorgan Chase & Co. increased their target price on shares of T. Rowe Price Group from $94.00 to $103.00 and gave the stock an “underweight” rating in a report on Tuesday, April 16th. UBS Group increased their target price on shares of T. Rowe Price Group from $100.00 to $109.00 and gave the stock a “sell” rating in a report on Friday, April 12th. Finally, Citigroup increased their price objective on shares of T. Rowe Price Group from $110.00 to $125.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. Four investment analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $112.67.

T. Rowe Price Group Stock Up 0.1 %

Shares of NASDAQ TROW opened at $111.20 on Thursday. The firm has a market cap of $24.87 billion, a price-to-earnings ratio of 14.31, a price-to-earnings-growth ratio of 2.10 and a beta of 1.40. The company’s 50-day simple moving average is $114.98 and its 200-day simple moving average is $106.98. 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 (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.12. T. Rowe Price Group had a return on equity of 18.41% and a net margin of 27.69%. The company had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same period in the previous year, the firm posted $1.74 EPS. T. Rowe Price Group’s revenue was up 6.5% compared to the same quarter last year. Equities research analysts anticipate that T. Rowe Price Group, Inc. will post 8.36 EPS for the current fiscal 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 paid a $1.24 dividend. This is an increase from T. Rowe Price Group’s previous quarterly dividend of $1.22. This represents a $4.96 annualized dividend and a yield of 4.46%. The ex-dividend date was Thursday, March 14th. T. Rowe Price Group’s dividend payout ratio is currently 63.92%.

About T. Rowe Price Group

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.