T. Rowe Price Group, Inc. $TROW Stock Holdings Lifted by Nordea Investment Management AB

Nordea Investment Management AB lifted its holdings in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 1,307.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 325,029 shares of the asset manager’s stock after buying an additional 301,934 shares during the period. Nordea Investment Management AB owned 0.15% of T. Rowe Price Group worth $33,377,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. TD Waterhouse Canada Inc. boosted its stake in T. Rowe Price Group by 66.7% in the second quarter. TD Waterhouse Canada Inc. now owns 250 shares of the asset manager’s stock valued at $25,000 after acquiring an additional 100 shares during the period. Root Financial Partners LLC bought a new position in shares of T. Rowe Price Group during the third quarter valued at approximately $30,000. Salomon & Ludwin LLC raised its position in shares of T. Rowe Price Group by 84.3% during the 3rd quarter. Salomon & Ludwin LLC now owns 317 shares of the asset manager’s stock worth $33,000 after purchasing an additional 145 shares during the period. Vermillion & White Wealth Management Group LLC raised its position in shares of T. Rowe Price Group by 120.0% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 319 shares of the asset manager’s stock worth $31,000 after purchasing an additional 174 shares during the period. Finally, Quent Capital LLC bought a new stake in shares of T. Rowe Price Group in the 3rd quarter worth approximately $39,000. Institutional investors and hedge funds own 73.39% of the company’s stock.

T. Rowe Price Group Stock Up 2.1%

Shares of TROW opened at $87.98 on Tuesday. The firm has a market capitalization of $19.14 billion, a PE ratio of 9.51, a P/E/G ratio of 3.61 and a beta of 1.54. The firm has a 50-day moving average price of $96.50 and a 200 day moving average price of $101.26. T. Rowe Price Group, Inc. has a 52-week low of $77.85 and a 52-week high of $118.22.

T. Rowe Price Group (NASDAQ:TROW) last released its quarterly earnings results on Wednesday, February 4th. The asset manager reported $2.44 EPS for the quarter, missing analysts’ consensus estimates of $2.47 by ($0.03). The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.92 billion. T. Rowe Price Group had a return on equity of 20.29% and a net margin of 28.53%.The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.12 earnings per share. On average, equities analysts expect that T. Rowe Price Group, Inc. will post 9.29 EPS for the current year.

T. Rowe Price Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 16th will be issued a dividend of $1.30 per share. The ex-dividend date of this dividend is Monday, March 16th. This is a positive change from T. Rowe Price Group’s previous quarterly dividend of $1.27. This represents a $5.20 annualized dividend and a yield of 5.9%. T. Rowe Price Group’s dividend payout ratio is presently 56.22%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on TROW shares. Argus upgraded T. Rowe Price Group to a “hold” rating in a research note on Thursday, February 5th. Morgan Stanley cut their target price on T. Rowe Price Group from $123.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 10th. Bank of America upped their price target on shares of T. Rowe Price Group from $85.00 to $86.00 in a research report on Wednesday, January 14th. Barclays set a $94.00 price objective on shares of T. Rowe Price Group in a report on Thursday, February 5th. Finally, BMO Capital Markets cut their price objective on shares of T. Rowe Price Group from $110.00 to $104.00 and set a “market perform” rating on the stock in a research report on Thursday, February 12th. Twelve investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, T. Rowe Price Group presently has an average rating of “Reduce” and a consensus target price of $101.69.

T. Rowe Price Group Profile

T. Rowe Price Group, Inc is a global investment management firm headquartered in Baltimore, Maryland, founded by Thomas Rowe Price Jr. in 1937. The company provides a broad range of investment products and services for individual investors, financial intermediaries, retirement plan sponsors and institutional clients. Its offerings are built around active investment management and in-house research across equity, fixed income and multi-asset strategies, reflecting a long history as a research-driven asset manager.

The firm’s product lineup includes mutual funds, separate accounts, collective investment trusts, target-date and target-risk funds, and managed account solutions, as well as services for defined contribution and defined benefit retirement plans.