T. Rowe Price Group, Inc. (NASDAQ:TROW) Stock Position Increased by Quent Capital LLC

Quent Capital LLC boosted its position in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 37.2% during the 4th quarter, HoldingsChannel reports. The firm owned 690 shares of the asset manager’s stock after buying an additional 187 shares during the quarter. Quent Capital LLC’s holdings in T. Rowe Price Group were worth $78,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of TROW. Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of T. Rowe Price Group by 437.7% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,597 shares of the asset manager’s stock worth $174,000 after buying an additional 1,300 shares in the last quarter. Exchange Traded Concepts LLC bought a new stake in shares of T. Rowe Price Group during the 3rd quarter worth about $105,000. Creative Planning raised its position in shares of T. Rowe Price Group by 0.3% during the 3rd quarter. Creative Planning now owns 55,324 shares of the asset manager’s stock worth $6,026,000 after buying an additional 177 shares in the last quarter. Brady Family Wealth LLC raised its position in shares of T. Rowe Price Group by 0.6% during the 3rd quarter. Brady Family Wealth LLC now owns 22,009 shares of the asset manager’s stock worth $2,397,000 after buying an additional 125 shares in the last quarter. Finally, Bourne Lent Asset Management Inc. raised its position in shares of T. Rowe Price Group by 1.1% during the 3rd quarter. Bourne Lent Asset Management Inc. now owns 9,067 shares of the asset manager’s stock worth $988,000 after buying an additional 100 shares in the last quarter. 73.39% of the stock is currently owned by institutional investors.

T. Rowe Price Group Price Performance

T. Rowe Price Group stock opened at $106.92 on Thursday. The firm’s 50 day simple moving average is $115.21 and its 200-day simple moving average is $112.48. The company has a market cap of $23.75 billion, a P/E ratio of 11.67, a price-to-earnings-growth ratio of 1.70 and a beta of 1.44. T. Rowe Price Group, Inc. has a fifty-two week low of $100.49 and a fifty-two week high of $125.81.

T. Rowe Price Group (NASDAQ:TROW) last released its earnings results on Wednesday, February 5th. The asset manager reported $2.12 earnings per share for the quarter, missing the consensus estimate of $2.20 by ($0.08). T. Rowe Price Group had a return on equity of 20.91% and a net margin of 29.61%. During the same quarter in the previous year, the company earned $1.72 earnings per share. On average, analysts expect that T. Rowe Price Group, Inc. will post 9.36 EPS for the current fiscal year.

T. Rowe Price Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a $1.27 dividend. This is an increase from T. Rowe Price Group’s previous quarterly dividend of $1.24. This represents a $5.08 annualized dividend and a dividend yield of 4.75%. The ex-dividend date of this dividend is Friday, March 14th. T. Rowe Price Group’s dividend payout ratio (DPR) is 54.15%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Evercore ISI boosted their price target on shares of T. Rowe Price Group from $112.00 to $113.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. Barclays dropped their price target on shares of T. Rowe Price Group from $113.00 to $105.00 and set an “underweight” rating on the stock in a research report on Thursday, February 6th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $113.00 price target (up from $111.00) on shares of T. Rowe Price Group in a research report on Thursday, February 6th. StockNews.com downgraded shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a report on Sunday, February 2nd. Finally, JPMorgan Chase & Co. dropped their target price on shares of 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. Four research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $115.09.

Insider Activity at T. Rowe Price Group

In related news, VP Arif Husain sold 4,112 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $109.27, for a total transaction of $449,318.24. Following the transaction, the vice president now directly owns 36,800 shares of the company’s stock, valued at approximately $4,021,136. The trade was a 10.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $123.35, for a total transaction of $499,197.45. Following the transaction, the vice president now directly owns 119,577 shares in the company, valued at $14,749,822.95. The trade was a 3.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.

T. Rowe Price Group 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.