T. Rowe Price Group Inc (TROW) Stake Boosted by Private Advisor Group LLC

Private Advisor Group LLC boosted its position in T. Rowe Price Group Inc (NASDAQ:TROW) by 14.1% during the first quarter, Holdings Channel reports. The firm owned 8,279 shares of the asset manager’s stock after buying an additional 1,020 shares during the period. Private Advisor Group LLC’s holdings in T. Rowe Price Group were worth $570,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Quadrant Capital Group LLC increased its position in shares of T. Rowe Price Group by 1.4% in the first quarter. Quadrant Capital Group LLC now owns 1,660 shares of the asset manager’s stock worth $107,000 after buying an additional 23 shares during the period. Mosaic Family Wealth LLC increased its position in shares of T. Rowe Price Group by 13.7% in the third quarter. Mosaic Family Wealth LLC now owns 1,823 shares of the asset manager’s stock worth $121,000 after buying an additional 220 shares during the period. SRS Capital Advisors Inc. purchased a new position in shares of T. Rowe Price Group during the fourth quarter worth about $123,000. Duncker Streett & Co. Inc. increased its position in shares of T. Rowe Price Group by 57.9% in the first quarter. Duncker Streett & Co. Inc. now owns 2,472 shares of the asset manager’s stock worth $168,000 after buying an additional 906 shares during the period. Finally, Mycio Wealth Partners LLC purchased a new position in shares of T. Rowe Price Group during the first quarter worth about $207,000. Hedge funds and other institutional investors own 71.35% of the company’s stock.

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

T. Rowe Price Group Inc (TROW) opened at 73.27 on Friday. The company’s 50 day moving average is $71.08 and its 200-day moving average is $71.86. The firm has a market cap of $17.68 billion, a P/E ratio of 14.35 and a beta of 1.29. T. Rowe Price Group Inc has a 52-week low of $62.97 and a 52-week high of $78.95.

T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly earnings data on Tuesday, April 25th. The asset manager reported $1.18 EPS for the quarter, missing the consensus estimate of $1.20 by $0.02. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.10 billion. T. Rowe Price Group had a net margin of 35.96% and a return on equity of 30.23%. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.15 EPS. On average, equities analysts predict that T. Rowe Price Group Inc will post $5.17 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 29th. Shareholders of record on Thursday, June 15th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 3.11%. The ex-dividend date is Tuesday, June 13th. T. Rowe Price Group’s dividend payout ratio is currently 46.06%.

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TROW has been the topic of a number of recent analyst reports. TheStreet upgraded shares of T. Rowe Price Group from a “c+” rating to a “b-” rating in a research report on Friday, April 28th. Jefferies Group LLC restated a “buy” rating and issued a $84.00 price target on shares of T. Rowe Price Group in a research report on Monday, March 27th. ValuEngine downgraded shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Deutsche Bank AG restated a “hold” rating and issued a $71.00 price target (down previously from $74.00) on shares of T. Rowe Price Group in a research report on Monday, May 1st. Finally, Argus downgraded shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $73.18.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:TROW”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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