7,454 T. Rowe Price Group, Inc. $TROW Shares Sold by Vise Technologies Inc.

Vise Technologies Inc. decreased its position in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 21.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 27,625 shares of the asset manager’s stock after selling 7,454 shares during the period. Vise Technologies Inc.’s holdings in T. Rowe Price Group were worth $2,874,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of TROW. Cidel Asset Management Inc. lifted its holdings in shares of T. Rowe Price Group by 4.5% in the 3rd quarter. Cidel Asset Management Inc. now owns 4,066 shares of the asset manager’s stock worth $423,000 after buying an additional 174 shares during the period. Unison Advisors LLC increased its stake in shares of T. Rowe Price Group by 1.1% during the third quarter. Unison Advisors LLC now owns 18,639 shares of the asset manager’s stock valued at $1,939,000 after buying an additional 201 shares during the period. International Assets Investment Management LLC increased its stake in shares of T. Rowe Price Group by 250.8% during the third quarter. International Assets Investment Management LLC now owns 25,000 shares of the asset manager’s stock valued at $2,601,000 after buying an additional 17,873 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al raised its holdings in shares of T. Rowe Price Group by 59.9% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 654,000 shares of the asset manager’s stock valued at $68,049,000 after acquiring an additional 244,900 shares in the last quarter. Finally, Soltis Investment Advisors LLC raised its holdings in shares of T. Rowe Price Group by 112.0% in the third quarter. Soltis Investment Advisors LLC now owns 5,191 shares of the asset manager’s stock valued at $540,000 after acquiring an additional 2,742 shares in the last quarter. Institutional investors own 73.39% of the company’s stock.

T. Rowe Price Group Stock Up 6.0%

Shares of TROW opened at $112.57 on Thursday. The company has a market cap of $24.01 billion, a price-to-earnings ratio of 11.38, a price-to-earnings-growth ratio of 4.07 and a beta of 1.43. T. Rowe Price Group, Inc. has a twelve month low of $85.22 and a twelve month high of $122.00. The company has a 50 day moving average of $105.41 and a two-hundred day moving average of $103.74.

T. Rowe Price Group (NASDAQ:TROW) last released its quarterly earnings results on Thursday, October 29th. The asset manager reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.63 by $0.23. T. Rowe Price Group had a net margin of 28.40% and a return on equity of 20.63%. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period in the previous year, the company earned $2.81 earnings per share. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, sell-side analysts expect that T. Rowe Price Group, Inc. will post 10.29 EPS for the current year.

T. Rowe Price Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 29th. Investors of record on Wednesday, December 16th will be paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 4.6%. The ex-dividend date is Wednesday, December 16th. T. Rowe Price Group’s payout ratio is 52.58%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of T. Rowe Price Group from $106.00 to $107.00 and gave the stock an “underweight” rating in a research note on Friday, October 30th. Weiss Ratings upgraded shares of T. Rowe Price Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, September 4th. BMO Capital Markets cut their price objective on shares of T. Rowe Price Group from $120.00 to $110.00 and set a “market perform” rating on the stock in a report on Tuesday, October 13th. TD Cowen reduced their price objective on shares of T. Rowe Price Group from $109.00 to $96.00 and set a “hold” rating for the company in a research note on Friday, October 30th. Finally, Evercore set a $109.00 target price on T. Rowe Price Group in a report on Friday, October 9th. One investment analyst has rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $102.83.

Insiders Place Their Bets

In related news, VP Joshua Nelson sold 10,000 shares of the company’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $111.82, for a total transaction of $1,118,200.00. Following the transaction, the vice president directly owned 71,328 shares of the company’s stock, valued at $7,975,896.96. This represents a 12.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 1.60% of the stock is currently owned by company insiders.

About T. Rowe Price Group

T. Rowe Price Group, Inc is a global investment management firm headquartered in Baltimore, Maryland. Founded in 1937 by Thomas Rowe Price Jr., the company provides investment strategies and advisory services to individual investors, retirement plans, financial intermediaries, institutions and other clients.

The company offers a range of actively managed and multi-asset investment products, including mutual funds, exchange-traded funds, separately managed accounts and other portfolio solutions.