T. Rowe Price Group, Inc. $TROW Shares Acquired by PYA Waltman Capital LLC

PYA Waltman Capital LLC grew its holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 44.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,817 shares of the asset manager’s stock after acquiring an additional 6,372 shares during the period. PYA Waltman Capital LLC’s holdings in T. Rowe Price Group were worth $2,131,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. TD Private Client Wealth LLC grew its stake in shares of T. Rowe Price Group by 91.8% during the fourth quarter. TD Private Client Wealth LLC now owns 257 shares of the asset manager’s stock worth $26,000 after purchasing an additional 123 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of T. Rowe Price Group by 540.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 282 shares of the asset manager’s stock worth $29,000 after purchasing an additional 238 shares in the last quarter. Canton Hathaway LLC acquired a new position in shares of T. Rowe Price Group during the fourth quarter worth $31,000. Sound Income Strategies LLC grew its stake in shares of T. Rowe Price Group by 170.3% during the fourth quarter. Sound Income Strategies LLC now owns 300 shares of the asset manager’s stock worth $32,000 after purchasing an additional 189 shares in the last quarter. Finally, Motiv8 Investments LLC acquired a new position in shares of T. Rowe Price Group during the fourth quarter worth $35,000. Institutional investors and hedge funds own 73.39% of the company’s stock.

T. Rowe Price Group Stock Performance

Shares of NASDAQ:TROW opened at $109.64 on Monday. The company has a 50-day simple moving average of $100.82 and a 200-day simple moving average of $99.62. T. Rowe Price Group, Inc. has a one year low of $85.22 and a one year high of $118.22. The stock has a market capitalization of $23.49 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 5.61 and a beta of 1.50.

T. Rowe Price Group (NASDAQ:TROW) last announced its earnings results on Thursday, April 30th. The asset manager reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.15. The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.85 billion. T. Rowe Price Group had a net margin of 28.28% and a return on equity of 20.60%. The business’s revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.23 earnings per share. As a group, research analysts forecast that T. Rowe Price Group, Inc. will post 9.63 EPS for the current fiscal year.

T. Rowe Price Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Monday, June 15th. T. Rowe Price Group’s dividend payout ratio is currently 55.73%.

Insider Transactions at T. Rowe Price Group

In related news, VP Stephon A. Jackson sold 3,000 shares of the stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $102.56, for a total transaction of $307,680.00. Following the completion of the transaction, the vice president directly owned 83,883 shares of the company’s stock, valued at $8,603,040.48. This represents a 3.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

TROW has been the subject of a number of analyst reports. Keefe, Bruyette & Woods boosted their target price on shares of T. Rowe Price Group from $95.00 to $107.00 and gave the stock a “market perform” rating in a research note on Friday, May 1st. Evercore boosted their target price on shares of T. Rowe Price Group from $106.00 to $111.00 in a research note on Monday, June 8th. BMO Capital Markets boosted their price target on shares of T. Rowe Price Group from $98.00 to $110.00 and gave the company a “market perform” rating in a research report on Monday, May 4th. Morgan Stanley set a $105.00 price target on shares of T. Rowe Price Group in a research report on Monday, April 27th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of T. Rowe Price Group in a research report on Friday, May 8th. Eleven equities research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $100.08.

T. Rowe Price Group Company Profile

T. Rowe Price Group, Inc is a global investment management firm headquartered in Baltimore, Maryland, founded by Thomas Rowe Price Jr. in 1937. The company provides a broad range of investment products and services for individual investors, financial intermediaries, retirement plan sponsors and institutional clients. Its offerings are built around active investment management and in-house research across equity, fixed income and multi-asset strategies, reflecting a long history as a research-driven asset manager.

The firm’s product lineup includes mutual funds, separate accounts, collective investment trusts, target-date and target-risk funds, and managed account solutions, as well as services for defined contribution and defined benefit retirement plans.