Epoch Investment Partners Inc. lessened its holdings in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 7.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 529,280 shares of the asset manager’s stock after selling 45,681 shares during the period. Epoch Investment Partners Inc.’s holdings in T. Rowe Price Group were worth $104,782,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of TROW. Ameriprise Financial Inc. raised its holdings in shares of T. Rowe Price Group by 29.5% during the first quarter. Ameriprise Financial Inc. now owns 3,763,844 shares of the asset manager’s stock worth $646,366,000 after purchasing an additional 857,716 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of T. Rowe Price Group by 297.4% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 453,981 shares of the asset manager’s stock worth $89,875,000 after purchasing an additional 339,743 shares during the last quarter. Natixis increased its holdings in T. Rowe Price Group by 1,848.4% in the second quarter. Natixis now owns 280,201 shares of the asset manager’s stock valued at $55,471,000 after buying an additional 265,820 shares in the last quarter. GenTrust LLC increased its holdings in T. Rowe Price Group by 200.0% in the first quarter. GenTrust LLC now owns 116,336 shares of the asset manager’s stock valued at $19,939,000 after buying an additional 232,672 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in T. Rowe Price Group by 20.1% in the second quarter. Bank of Montreal Can now owns 1,377,136 shares of the asset manager’s stock valued at $272,674,000 after buying an additional 230,104 shares in the last quarter. 71.04% of the stock is owned by hedge funds and other institutional investors.
In other news, CEO William J. Stromberg sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, August 5th. The shares were sold at an average price of $211.17, for a total value of $1,689,360.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Jessica M. Hiebler sold 1,150 shares of the company’s stock in a transaction that occurred on Tuesday, August 3rd. The stock was sold at an average price of $207.70, for a total transaction of $238,855.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,817 shares of company stock worth $3,622,239. Company insiders own 1.00% of the company’s stock.
NASDAQ:TROW traded up $4.73 on Thursday, hitting $196.07. The stock had a trading volume of 15,873 shares, compared to its average volume of 1,052,447. The stock has a market cap of $44.50 billion, a price-to-earnings ratio of 15.08, a PEG ratio of 1.86 and a beta of 1.18. The company has a fifty day moving average price of $210.58 and a two-hundred day moving average price of $197.96. T. Rowe Price Group, Inc. has a 1-year low of $124.94 and a 1-year high of $224.55.
T. Rowe Price Group (NASDAQ:TROW) last posted its earnings results on Thursday, July 29th. The asset manager reported $3.31 earnings per share for the quarter, beating the consensus estimate of $3.20 by $0.11. The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.91 billion. T. Rowe Price Group had a net margin of 41.93% and a return on equity of 35.82%. Analysts forecast that T. Rowe Price Group, Inc. will post 12.92 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 29th. Stockholders of record on Wednesday, September 15th were issued a $1.08 dividend. The ex-dividend date was Tuesday, September 14th. This represents a $4.32 annualized dividend and a dividend yield of 2.20%. T. Rowe Price Group’s dividend payout ratio is currently 45.09%.
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.
Recommended Story: Intrinsic Value and Stock Selection
Want to see what other hedge funds are holding TROW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for T. Rowe Price Group, Inc. (NASDAQ:TROW).
Receive News & Ratings for T. Rowe Price Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for T. Rowe Price Group and related companies with MarketBeat.com's FREE daily email newsletter.