T. Rowe Price Group, Inc. (NASDAQ:TROW) Shares Purchased by Strategic Blueprint LLC

Strategic Blueprint LLC lifted its holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 5.6% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,415 shares of the asset manager’s stock after purchasing an additional 182 shares during the period. Strategic Blueprint LLC’s holdings in T. Rowe Price Group were worth $676,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in TROW. Aspire Private Capital LLC grew its holdings in T. Rowe Price Group by 812.5% during the 1st quarter. Aspire Private Capital LLC now owns 146 shares of the asset manager’s stock worth $25,000 after acquiring an additional 130 shares in the last quarter. Arkadios Wealth Advisors acquired a new position in T. Rowe Price Group during the 2nd quarter worth approximately $29,000. Red Door Wealth Management LLC acquired a new position in T. Rowe Price Group during the 2nd quarter worth approximately $38,000. Sound Income Strategies LLC grew its holdings in T. Rowe Price Group by 984.2% during the 2nd quarter. Sound Income Strategies LLC now owns 206 shares of the asset manager’s stock worth $41,000 after acquiring an additional 187 shares in the last quarter. Finally, Stonebridge Capital Advisors LLC acquired a new position in T. Rowe Price Group during the 1st quarter worth approximately $38,000. Hedge funds and other institutional investors own 71.04% of the company’s stock.

TROW stock opened at $211.22 on Friday. The company has a fifty day moving average price of $212.78 and a 200 day moving average price of $195.66. T. Rowe Price Group, Inc. has a 12 month low of $122.62 and a 12 month high of $224.55. The company has a market cap of $47.93 billion, a price-to-earnings ratio of 16.64, a price-to-earnings-growth ratio of 1.86 and a beta of 1.18.

T. Rowe Price Group (NASDAQ:TROW) last released its quarterly earnings results on Thursday, July 29th. The asset manager reported $3.31 EPS for the quarter, beating the consensus estimate of $3.20 by $0.11. T. Rowe Price Group had a net margin of 41.93% and a return on equity of 35.82%. The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.91 billion. As a group, research analysts anticipate that T. Rowe Price Group, Inc. will post 12.92 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 29th. Investors of record on Wednesday, September 15th will be given a $1.08 dividend. The ex-dividend date of this dividend is Tuesday, September 14th. This represents a $4.32 annualized dividend and a yield of 2.05%. T. Rowe Price Group’s dividend payout ratio (DPR) is 45.09%.

In other T. Rowe Price Group news, insider Jessica M. Hiebler sold 1,150 shares of the company’s stock in a transaction on Tuesday, August 3rd. The shares were sold at an average price of $207.70, for a total transaction of $238,855.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William J. Stromberg sold 8,000 shares of the company’s stock in a transaction on Thursday, August 5th. The stock was sold at an average price of $211.17, for a total transaction of $1,689,360.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,817 shares of company stock valued at $3,622,239. 1.00% of the stock is owned by insiders.

Several research firms have commented on TROW. Zacks Investment Research upgraded shares of T. Rowe Price Group from a “hold” rating to a “buy” rating and set a $229.00 price target for the company in a report on Thursday, August 12th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of T. Rowe Price Group from $171.00 to $185.00 and gave the stock a “hold” rating in a report on Monday, July 12th. They noted that the move was a valuation call. Citigroup upped their target price on shares of T. Rowe Price Group from $137.00 to $145.00 and gave the company a “sell” rating in a report on Monday, July 12th. upped their target price on shares of T. Rowe Price Group from $137.00 to $145.00 and gave the company a “sell” rating in a report on Monday, July 12th. Finally, Jefferies Financial Group began coverage on shares of T. Rowe Price Group in a report on Friday, September 10th. They issued a “buy” rating and a $245.00 target price for the company. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $183.62.

T. Rowe Price Group Company Profile

T. Rowe Price Group, Inc is a financial services holding company, which engages in the provision of investment management services through its subsidiaries. It provides an array of company sponsored U.S. mutual funds, other sponsored pooled investment vehicles, sub advisory services, separate account management, recordkeeping, and related services to individuals, advisors, institutions, financial intermediaries, and retirement plan sponsors.

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

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