1,893 Shares in T. Rowe Price Group Inc (NASDAQ:TROW) Acquired by Haverford Trust Co.

Haverford Trust Co. acquired a new position in T. Rowe Price Group Inc (NASDAQ:TROW) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 1,893 shares of the asset manager’s stock, valued at approximately $216,000.

A number of other hedge funds have also modified their holdings of the stock. Daiwa Securities Group Inc. grew its holdings in T. Rowe Price Group by 10.4% in the 3rd quarter. Daiwa Securities Group Inc. now owns 10,390 shares of the asset manager’s stock worth $1,187,000 after buying an additional 981 shares in the last quarter. Manchester Capital Management LLC boosted its stake in T. Rowe Price Group by 13,527.1% during the 3rd quarter. Manchester Capital Management LLC now owns 181,785 shares of the asset manager’s stock valued at $20,769,000 after purchasing an additional 180,451 shares in the last quarter. Provident Trust Co. boosted its stake in T. Rowe Price Group by 4.4% during the 3rd quarter. Provident Trust Co. now owns 1,902,913 shares of the asset manager’s stock valued at $217,408,000 after purchasing an additional 80,000 shares in the last quarter. Bartlett & Co. LLC boosted its stake in T. Rowe Price Group by 77.0% during the 3rd quarter. Bartlett & Co. LLC now owns 50,312 shares of the asset manager’s stock valued at $5,748,000 after purchasing an additional 21,892 shares in the last quarter. Finally, Huntington National Bank boosted its stake in T. Rowe Price Group by 2.9% during the 3rd quarter. Huntington National Bank now owns 30,275 shares of the asset manager’s stock valued at $3,459,000 after purchasing an additional 842 shares in the last quarter. 69.58% of the stock is owned by institutional investors and hedge funds.

In other T. Rowe Price Group news, VP W. Sharps Robert sold 19,064 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $118.50, for a total transaction of $2,259,084.00. Following the transaction, the vice president now directly owns 467,715 shares in the company, valued at $55,424,227.50. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.10% of the stock is owned by company insiders.

Shares of TROW traded down $0.80 during trading hours on Friday, hitting $119.58. 1,004,900 shares of the company were exchanged, compared to its average volume of 1,179,848. T. Rowe Price Group Inc has a one year low of $84.59 and a one year high of $121.80. The firm has a fifty day simple moving average of $113.17 and a 200-day simple moving average of $109.56. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.60 and a quick ratio of 3.60. The company has a market capitalization of $27.84 billion, a PE ratio of 16.72, a PEG ratio of 1.76 and a beta of 1.04.

T. Rowe Price Group (NASDAQ:TROW) last posted its earnings results on Thursday, October 24th. The asset manager reported $2.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.98 by $0.15. T. Rowe Price Group had a return on equity of 28.84% and a net margin of 35.28%. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period last year, the company earned $1.99 earnings per share. The business’s revenue was up 2.3% compared to the same quarter last year. Sell-side analysts expect that T. Rowe Price Group Inc will post 7.86 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be issued a dividend of $0.76 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $3.04 annualized dividend and a yield of 2.54%. T. Rowe Price Group’s dividend payout ratio (DPR) is currently 42.52%.

A number of equities analysts have issued reports on TROW shares. ValuEngine lowered T. Rowe Price Group from a “hold” rating to a “sell” rating in a research note on Monday, September 16th. Deutsche Bank decreased their price target on T. Rowe Price Group from $115.00 to $112.00 and set a “hold” rating for the company in a research note on Friday, August 9th. BMO Capital Markets started coverage on T. Rowe Price Group in a research note on Monday, October 7th. They set a “market perform” rating and a $101.00 price target for the company. Credit Suisse Group set a $135.00 price target on T. Rowe Price Group and gave the company a “buy” rating in a research note on Friday, September 13th. Finally, Morgan Stanley increased their price target on T. Rowe Price Group from $117.00 to $122.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. T. Rowe Price Group has a consensus rating of “Hold” and an average target price of $110.54.

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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