Colony Family Offices LLC Sells 202 Shares of T. Rowe Price Group, Inc. (NASDAQ:TROW)

Colony Family Offices LLC lessened its position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,484 shares of the asset manager’s stock after selling 202 shares during the period. Colony Family Offices LLC’s holdings in T. Rowe Price Group were worth $1,412,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Pathstone Holdings LLC boosted its position in T. Rowe Price Group by 3.4% in the third quarter. Pathstone Holdings LLC now owns 27,535 shares of the asset manager’s stock valued at $2,999,000 after buying an additional 894 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of T. Rowe Price Group by 82.0% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 70,441 shares of the asset manager’s stock valued at $7,673,000 after acquiring an additional 31,735 shares in the last quarter. Cerity Partners LLC boosted its holdings in shares of T. Rowe Price Group by 78.3% during the 3rd quarter. Cerity Partners LLC now owns 132,200 shares of the asset manager’s stock valued at $14,401,000 after acquiring an additional 58,058 shares in the last quarter. Larson Financial Group LLC grew its position in T. Rowe Price Group by 866.7% during the 3rd quarter. Larson Financial Group LLC now owns 348 shares of the asset manager’s stock worth $38,000 after acquiring an additional 312 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its position in T. Rowe Price Group by 11.0% in the third quarter. Daiwa Securities Group Inc. now owns 27,122 shares of the asset manager’s stock valued at $2,954,000 after purchasing an additional 2,688 shares during the last quarter. Institutional investors and hedge funds own 73.39% of the company’s stock.

T. Rowe Price Group Price Performance

Shares of TROW opened at $95.98 on Tuesday. T. Rowe Price Group, Inc. has a 1-year low of $91.37 and a 1-year high of $125.81. The company has a market capitalization of $21.37 billion, a P/E ratio of 10.48, a P/E/G ratio of 2.86 and a beta of 1.46. The firm’s 50 day simple moving average is $106.10 and its 200 day simple moving average is $111.18.

T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly earnings data on Wednesday, February 5th. The asset manager reported $2.12 EPS for the quarter, missing the consensus estimate of $2.20 by ($0.08). T. Rowe Price Group had a net margin of 29.61% and a return on equity of 20.83%. During the same period in the prior year, the business earned $1.72 EPS. On average, equities analysts anticipate that T. Rowe Price Group, Inc. will post 9.29 earnings per share for the current year.

T. Rowe Price Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $1.27 per share. This represents a $5.08 annualized dividend and a yield of 5.29%. This is a positive change from T. Rowe Price Group’s previous quarterly dividend of $1.24. The ex-dividend date of this dividend is Friday, March 14th. T. Rowe Price Group’s dividend payout ratio (DPR) is presently 55.46%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on TROW shares. Barclays decreased their price target on shares of T. Rowe Price Group from $113.00 to $105.00 and set an “underweight” rating for the company in a research report on Thursday, February 6th. Wells Fargo & Company lowered their target price on T. Rowe Price Group from $118.00 to $116.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. StockNews.com downgraded T. Rowe Price Group from a “buy” rating to a “hold” rating in a report on Sunday, February 2nd. Morgan Stanley decreased their price target on T. Rowe Price Group from $126.00 to $121.00 and set an “equal weight” rating for the company in a research note on Monday, February 24th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $113.00 target price (up from $111.00) on shares of T. Rowe Price Group in a report on Thursday, February 6th. Four equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat, T. Rowe Price Group has an average rating of “Hold” and a consensus price target of $114.09.

Insiders Place Their Bets

In other news, VP Arif Husain sold 4,112 shares of the company’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $109.27, for a total transaction of $449,318.24. Following the completion of the transaction, the vice president now directly owns 36,800 shares of the company’s stock, valued at approximately $4,021,136. This represents a 10.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.00% of the company’s stock.

T. Rowe Price Group Company Profile

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.