Donoghue Forlines LLC Grows Holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Donoghue Forlines LLC boosted its position in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 9.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,806 shares of the asset manager’s stock after buying an additional 1,122 shares during the quarter. Donoghue Forlines LLC’s holdings in T. Rowe Price Group were worth $1,448,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Avior Wealth Management LLC raised its position in shares of T. Rowe Price Group by 487.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,198 shares of the asset manager’s stock worth $135,000 after buying an additional 994 shares in the last quarter. Bill Few Associates Inc. lifted its position in T. Rowe Price Group by 7.2% in the fourth quarter. Bill Few Associates Inc. now owns 2,470 shares of the asset manager’s stock worth $279,000 after purchasing an additional 165 shares during the period. Mutual Advisors LLC boosted its stake in T. Rowe Price Group by 1.9% during the 4th quarter. Mutual Advisors LLC now owns 41,545 shares of the asset manager’s stock valued at $4,658,000 after purchasing an additional 779 shares in the last quarter. Wesbanco Bank Inc. acquired a new position in shares of T. Rowe Price Group during the 4th quarter valued at $207,000. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of T. Rowe Price Group by 3.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 188,439 shares of the asset manager’s stock valued at $21,311,000 after buying an additional 6,917 shares during the period. 73.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TROW has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered their target price on T. Rowe Price Group from $116.00 to $115.00 and set an “underweight” rating on the stock in a report on Monday, November 4th. Morgan Stanley boosted their target price on shares of T. Rowe Price Group from $129.00 to $132.00 and gave the stock an “equal weight” rating in a report on Friday, December 20th. TD Cowen reduced their price objective on shares of T. Rowe Price Group from $120.00 to $116.00 and set a “hold” rating for the company in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft increased their price objective on T. Rowe Price Group from $115.00 to $120.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of T. Rowe Price Group from $116.00 to $111.00 and set a “market perform” rating on the stock in a report on Monday, January 13th. Four investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to MarketBeat.com, T. Rowe Price Group presently has an average rating of “Hold” and an average target price of $115.82.

T. Rowe Price Group Stock Down 0.4 %

Shares of TROW opened at $113.10 on Thursday. The stock’s 50-day moving average price is $117.44 and its 200 day moving average price is $112.80. T. Rowe Price Group, Inc. has a 12-month low of $100.49 and a 12-month high of $125.81. The firm has a market capitalization of $25.13 billion, a price-to-earnings ratio of 12.35, a P/E/G ratio of 1.68 and a beta of 1.43.

T. Rowe Price Group (NASDAQ:TROW) last issued its earnings results on Friday, November 1st. The asset manager reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.21. T. Rowe Price Group had a return on equity of 20.35% and a net margin of 30.35%. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same period in the prior year, the company posted $2.17 earnings per share. T. Rowe Price Group’s revenue was up 6.9% on a year-over-year basis. Equities research analysts expect that T. Rowe Price Group, Inc. will post 9.45 EPS for the current year.

T. Rowe Price Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were given a dividend of $1.24 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.96 annualized dividend and a dividend yield of 4.39%. T. Rowe Price Group’s dividend payout ratio (DPR) is presently 54.27%.

Insider Activity at T. Rowe Price Group

In related news, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of T. Rowe Price Group stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $123.35, for a total transaction of $499,197.45. Following the completion of the transaction, the vice president now directly owns 119,577 shares of the company’s stock, valued at $14,749,822.95. This trade represents a 3.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.00% of the stock is owned by insiders.

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.