T. Rowe Price Group, Inc. $TROW Shares Bought by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. raised its position in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 546.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 18,081 shares of the asset manager’s stock after acquiring an additional 15,283 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in T. Rowe Price Group were worth $1,851,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. TD Private Client Wealth LLC grew its position in T. Rowe Price Group by 91.8% in the 4th quarter. TD Private Client Wealth LLC now owns 257 shares of the asset manager’s stock valued at $26,000 after acquiring an additional 123 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in T. Rowe Price Group by 540.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 282 shares of the asset manager’s stock valued at $29,000 after acquiring an additional 238 shares in the last quarter. Canton Hathaway LLC acquired a new position in T. Rowe Price Group in the 4th quarter valued at about $31,000. Sound Income Strategies LLC grew its position in T. Rowe Price Group by 170.3% in the 4th quarter. Sound Income Strategies LLC now owns 300 shares of the asset manager’s stock valued at $32,000 after acquiring an additional 189 shares in the last quarter. Finally, TD Waterhouse Canada Inc. grew its position in T. Rowe Price Group by 92.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 386 shares of the asset manager’s stock valued at $40,000 after acquiring an additional 185 shares in the last quarter. 73.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Keefe, Bruyette & Woods lifted their target price on T. Rowe Price Group from $95.00 to $107.00 and gave the company a “market perform” rating in a research report on Friday, May 1st. TD Cowen lifted their target price on T. Rowe Price Group from $93.00 to $94.00 and gave the company a “hold” rating in a research report on Friday, May 1st. Morgan Stanley set a $105.00 target price on T. Rowe Price Group in a research report on Monday, April 27th. Evercore lifted their price objective on T. Rowe Price Group from $106.00 to $111.00 in a research note on Monday, June 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of T. Rowe Price Group in a research note on Friday, May 8th. Eleven analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, T. Rowe Price Group currently has a consensus rating of “Reduce” and an average target price of $100.08.

Insiders Place Their Bets

In related news, VP Stephon A. Jackson sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $102.56, for a total transaction of $307,680.00. Following the completion of the sale, the vice president owned 83,883 shares in the company, valued at $8,603,040.48. The trade was a 3.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is currently owned by insiders.

T. Rowe Price Group Stock Down 0.9%

TROW stock opened at $108.61 on Tuesday. The business has a 50 day moving average price of $101.19 and a 200 day moving average price of $99.67. The stock has a market cap of $23.27 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 5.61 and a beta of 1.50. T. Rowe Price Group, Inc. has a fifty-two week low of $85.22 and a fifty-two week high of $118.22.

T. Rowe Price Group (NASDAQ:TROW) last posted its earnings results on Thursday, April 30th. The asset manager reported $2.52 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.15. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.85 billion. T. Rowe Price Group had a return on equity of 20.60% and a net margin of 28.28%.The firm’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.23 earnings per share. As a group, sell-side analysts anticipate that T. Rowe Price Group, Inc. will post 9.63 EPS for the current year.

T. Rowe Price Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be paid a dividend of $1.30 per share. The ex-dividend date is Monday, June 15th. This represents a $5.20 annualized dividend and a yield of 4.8%. T. Rowe Price Group’s payout ratio is presently 55.73%.

About T. Rowe Price Group

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.