Mn Services Vermogensbeheer B.V. Buys 1,400 Shares of T. Rowe Price Group, Inc. (NASDAQ:TROW)

Mn Services Vermogensbeheer B.V. boosted its stake in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 1.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 87,133 shares of the asset manager’s stock after purchasing an additional 1,400 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in T. Rowe Price Group were worth $9,854,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. New York Life Investment Management LLC increased its stake in shares of T. Rowe Price Group by 0.6% in the fourth quarter. New York Life Investment Management LLC now owns 29,746 shares of the asset manager’s stock worth $3,364,000 after purchasing an additional 177 shares in the last quarter. Simmons Bank increased its stake in shares of T. Rowe Price Group by 12.0% in the fourth quarter. Simmons Bank now owns 9,713 shares of the asset manager’s stock worth $1,098,000 after purchasing an additional 1,041 shares in the last quarter. Checchi Capital Advisers LLC increased its stake in shares of T. Rowe Price Group by 11.1% in the fourth quarter. Checchi Capital Advisers LLC now owns 2,419 shares of the asset manager’s stock worth $274,000 after purchasing an additional 241 shares in the last quarter. Los Angeles Capital Management LLC increased its stake in shares of T. Rowe Price Group by 70.0% in the fourth quarter. Los Angeles Capital Management LLC now owns 490,059 shares of the asset manager’s stock worth $55,421,000 after purchasing an additional 201,802 shares in the last quarter. Finally, Amalgamated Bank increased its stake in shares of T. Rowe Price Group by 0.9% in the fourth quarter. Amalgamated Bank now owns 44,661 shares of the asset manager’s stock worth $5,051,000 after purchasing an additional 391 shares in the last quarter. Institutional investors own 73.39% of the company’s stock.

Insider Transactions at T. Rowe Price Group

In other news, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $123.35, for a total value of $499,197.45. Following the completion of the sale, the vice president now owns 119,577 shares of the company’s stock, valued at approximately $14,749,822.95. This represents a 3.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Arif Husain sold 4,112 shares of the company’s stock in a transaction 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 completion of the sale, the vice president now directly owns 36,800 shares of the company’s stock, valued at $4,021,136. This trade represents a 10.05 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

TROW has been the subject of several recent research reports. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $113.00 target price (up previously from $111.00) on shares of T. Rowe Price Group in a research note on Thursday, February 6th. TD Cowen reduced their target price 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 boosted their price objective on shares of T. Rowe Price Group from $115.00 to $120.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Barclays reduced their price objective on shares of T. Rowe Price Group from $113.00 to $105.00 and set an “underweight” rating for the company in a research note on Thursday, February 6th. Finally, Morgan Stanley reduced their price objective on shares of 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. Four equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $114.09.

T. Rowe Price Group Price Performance

TROW stock opened at $105.72 on Friday. T. Rowe Price Group, Inc. has a one year low of $100.49 and a one year high of $125.81. The stock has a market cap of $23.54 billion, a PE ratio of 11.54, a P/E/G ratio of 2.86 and a beta of 1.44. The firm has a 50 day simple moving average of $111.75 and a two-hundred day simple moving average of $112.33.

T. Rowe Price Group (NASDAQ:TROW) last released its quarterly earnings results on Wednesday, February 5th. The asset manager reported $2.12 EPS for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.08). T. Rowe Price Group had a return on equity of 20.83% and a net margin of 29.61%. During the same quarter in the previous year, the firm posted $1.72 earnings per share. On average, research analysts expect that T. Rowe Price Group, Inc. will post 9.29 EPS for the current fiscal year.

T. Rowe Price Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $1.27 dividend. This represents a $5.08 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from T. Rowe Price Group’s previous quarterly dividend of $1.24. T. Rowe Price Group’s payout ratio is currently 55.46%.

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.