12 hours Ago By ABMN Staff
Acadian Asset Management LLC bought a new stake in T. Rowe Price Group, Inc. ( NASDAQ:TROW – Free Report ) during the second quarter, HoldingsChannel reports.
The institutional investor bought 3,492 shares of the asset manager’s stock, valued at approximately $401,000. A number of other large investors also recently added to or reduced their stakes in TROW. Lynx Investment Advisory purchased a new stake in shares of T.
Rowe Price Group in the 2nd quarter valued at $29,000. Family Firm Inc. purchased a new stake in T.
Rowe Price Group during the second quarter worth about $36,000. Versant Capital Management Inc increased its stake in T. Rowe Price Group by 660.
5% during the second quarter. Versant Capital Management Inc now owns 327 shares of the asset manager’s stock worth $38,000 after purchasing an additional 284 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of T.
Rowe Price Group by 93.6% during the first quarter. EverSource Wealth Advisors LLC now owns 331 shares of the asset manager’s stock worth $40,000 after purchasing an additional 160 shares in the last quarter.
Finally, Riverview Trust Co boosted its stake in shares of T. Rowe Price Group by 136.4% in the second quarter.
Riverview Trust Co now owns 357 shares of the asset manager’s stock valued at $41,000 after purchasing an additional 206 shares during the period. 73.39% of the stock is currently owned by institutional investors and hedge funds.
T. Rowe Price Group Stock Performance TROW opened at $108.13 on Thursday.
T. Rowe Price Group, Inc. has a one year low of $87.
43 and a one year high of $122.27. The company has a market cap of $24.
07 billion, a P/E ratio of 12.84, a PEG ratio of 1.69 and a beta of 1.
41. The business’s 50-day simple moving average is $109.13 and its 200-day simple moving average is $113.
38. T. Rowe Price Group Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th.
Shareholders of record on Friday, September 13th will be issued a dividend of $1.24 per share. This represents a $4.
96 annualized dividend and a dividend yield of 4.59%. The ex-dividend date of this dividend is Friday, September 13th.
T. Rowe Price Group’s payout ratio is 58.91%.
Analyst Upgrades and Downgrades Several brokerages recently weighed in on TROW. Wells Fargo & Company started coverage on shares of T. Rowe Price Group in a research note on Thursday, September 12th.
They set an “equal weight” rating and a $109.00 target price on the stock. JPMorgan Chase & Co.
upped their price objective on T. Rowe Price Group from $102.00 to $107.
00 and gave the stock an “underweight” rating in a research report on Tuesday, July 23rd. StockNews.com lowered T.
Rowe Price Group from a “buy” rating to a “hold” rating in a report on Monday, July 29th. Barclays began coverage on T. Rowe Price Group in a research note on Tuesday, August 27th.
They set an “underweight” rating and a $99.00 target price for the company. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $120.
00 price target (down previously from $121.00) on shares of T. Rowe Price Group in a research report on Monday, July 29th.
Three equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $113.30.
Get Our Latest Stock Analysis on TROW Insider Transactions at T. Rowe Price Group In related news, insider Jessica M. Hiebler sold 484 shares of the company’s stock in a transaction dated Friday, September 13th.
The stock was sold at an average price of $104.73, for a total value of $50,689.32.
Following the completion of the sale, the insider now directly owns 13,939 shares of the company’s stock, valued at approximately $1,459,831.47. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website .
In related news, VP Andrew Justin Mackenzi Thomson sold 11,969 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $102.83, for a total transaction of $1,230,772.
27. Following the completion of the sale, the vice president now owns 123,624 shares in the company, valued at approximately $12,712,255.92.
The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website . Also, insider Jessica M. Hiebler sold 484 shares of T.
Rowe Price Group stock in a transaction on Friday, September 13th. The shares were sold at an average price of $104.73, for a total transaction of $50,689.
32. Following the completion of the transaction, the insider now owns 13,939 shares in the company, valued at $1,459,831.47.
The disclosure for this sale can be found here . Over the last 90 days, insiders have sold 13,854 shares of company stock worth $1,443,767. Corporate insiders own 2.
00% of the company’s stock. T. Rowe Price Group Company Profile ( Free Report ) 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. Read More 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 – Free Report ). Receive News & Ratings for T.
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