T. Rowe Price Group Inc (TROW) Position Raised by Tandem Investment Advisors Inc.

Tandem Investment Advisors Inc. boosted its position in T. Rowe Price Group Inc (NASDAQ:TROW) by 17.4% in the first quarter, HoldingsChannel.com reports. The firm owned 150,768 shares of the asset manager’s stock after acquiring an additional 22,301 shares during the quarter. T. Rowe Price Group makes up about 3.3% of Tandem Investment Advisors Inc.’s holdings, making the stock its 11th largest position. Tandem Investment Advisors Inc.’s holdings in T. Rowe Price Group were worth $15,095,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Reilly Financial Advisors LLC grew its stake in T. Rowe Price Group by 66.3% in the 4th quarter. Reilly Financial Advisors LLC now owns 296 shares of the asset manager’s stock worth $27,000 after acquiring an additional 118 shares during the period. Ruggie Capital Group bought a new stake in shares of T. Rowe Price Group during the 4th quarter valued at about $28,000. Financial Gravity Companies Inc. bought a new position in T. Rowe Price Group in the 4th quarter worth about $30,000. Pearl River Capital LLC bought a new position in T. Rowe Price Group in the 4th quarter worth about $31,000. Finally, Rational Advisors LLC grew its position in T. Rowe Price Group by 306.7% in the 4th quarter. Rational Advisors LLC now owns 366 shares of the asset manager’s stock worth $34,000 after purchasing an additional 276 shares during the last quarter. Hedge funds and other institutional investors own 72.65% of the company’s stock.

NASDAQ TROW traded down $0.87 on Monday, hitting $105.03. The stock had a trading volume of 12,287 shares, compared to its average volume of 1,162,606. T. Rowe Price Group Inc has a one year low of $84.59 and a one year high of $127.43. The stock has a market cap of $24.79 billion, a price-to-earnings ratio of 14.68, a price-to-earnings-growth ratio of 1.79 and a beta of 1.04.

T. Rowe Price Group (NASDAQ:TROW) last posted its quarterly earnings data on Wednesday, January 30th. The asset manager reported $1.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.66 by ($0.25). The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.33 billion. T. Rowe Price Group had a net margin of 33.95% and a return on equity of 29.16%. The company’s revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the business earned $1.52 earnings per share. As a group, equities research analysts anticipate that T. Rowe Price Group Inc will post 6.73 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.76 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from T. Rowe Price Group’s previous quarterly dividend of $0.70. This represents a $3.04 annualized dividend and a dividend yield of 2.89%. T. Rowe Price Group’s dividend payout ratio (DPR) is 42.52%.

Several research analysts have commented on TROW shares. Citigroup decreased their target price on shares of T. Rowe Price Group from $105.00 to $101.00 and set a “neutral” rating for the company in a research report on Wednesday, December 19th. Goldman Sachs Group cut shares of T. Rowe Price Group from a “buy” rating to a “neutral” rating and set a $93.00 target price for the company. in a research report on Friday, January 4th. Morgan Stanley decreased their target price on shares of T. Rowe Price Group from $105.00 to $98.00 and set an “equal weight” rating for the company in a research report on Friday, January 4th. Zacks Investment Research cut shares of T. Rowe Price Group from a “hold” rating to a “sell” rating in a research report on Thursday, January 10th. Finally, Credit Suisse Group decreased their target price on shares of T. Rowe Price Group from $115.00 to $107.00 and set an “outperform” rating for the company in a research report on Monday, January 14th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $105.33.

In related news, VP Christopher D. Alderson sold 104,465 shares of the stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $96.94, for a total transaction of $10,126,837.10. Following the completion of the sale, the vice president now directly owns 401,164 shares of the company’s stock, valued at $38,888,838.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Edward C. Bernard sold 10,000 shares of the stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $97.15, for a total transaction of $971,500.00. Following the sale, the insider now directly owns 651,532 shares of the company’s stock, valued at $63,296,333.80. The disclosure for this sale can be found here. Insiders sold 117,082 shares of company stock valued at $11,361,948 over the last quarter. Insiders own 3.10% of the company’s stock.

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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.

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

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