1 week Ago By ABMN Staff
Dakota Wealth Management lessened its holdings in T. Rowe Price Group, Inc. ( NASDAQ:TROW – Free Report ) by 31.
8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,436 shares of the asset manager’s stock after selling 1,134 shares during the quarter. Dakota Wealth Management’s holdings in T.
Rowe Price Group were worth $275,000 as of its most recent filing with the Securities and Exchange Commission. Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Iron Horse Wealth Management LLC boosted its stake in shares of T.
Rowe Price Group by 90.9% in the third quarter. Iron Horse Wealth Management LLC now owns 231 shares of the asset manager’s stock valued at $25,000 after buying an additional 110 shares in the last quarter.
Hexagon Capital Partners LLC lifted its holdings in T. Rowe Price Group by 54.7% in the third quarter.
Hexagon Capital Partners LLC now owns 294 shares of the asset manager’s stock valued at $32,000 after acquiring an additional 104 shares during the period. True Wealth Design LLC purchased a new stake in shares of T. Rowe Price Group during the 3rd quarter worth $37,000.
Larson Financial Group LLC grew its stake in shares of T. Rowe Price Group by 866.7% during the 3rd quarter.
Larson Financial Group LLC now owns 348 shares of the asset manager’s stock worth $38,000 after purchasing an additional 312 shares during the period. Finally, Brooklyn Investment Group acquired a new stake in shares of T. Rowe Price Group in the third quarter valued at about $43,000.
Institutional investors and hedge funds own 73.39% of the company’s stock. Analyst Upgrades and Downgrades TROW has been the topic of several recent analyst reports.
Keefe, Bruyette & Woods lowered their target price on shares of T. Rowe Price Group from $116.00 to $111.
00 and set a “market perform” rating on the stock in a research report on Monday, January 13th. The Goldman Sachs Group dropped their price objective on T. Rowe Price Group from $106.
00 to $102.00 and set a “sell” rating for the company in a research note on Thursday, October 3rd. StockNews.
com upgraded T. Rowe Price Group from a “hold” rating to a “buy” rating in a research report on Saturday. Wells Fargo & Company dropped their price target on T.
Rowe Price Group from $124.00 to $118.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th.
Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of T. Rowe Price Group from $115.00 to $120.
00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $115.
82. T. Rowe Price Group Stock Performance Shares of NASDAQ TROW opened at $114.
21 on Friday. The firm has a market cap of $25.37 billion, a P/E ratio of 12.
50, a price-to-earnings-growth ratio of 1.68 and a beta of 1.43.
T. Rowe Price Group, Inc. has a 1 year low of $100.
49 and a 1 year high of $125.81. The firm’s 50 day moving average price is $117.
22 and its 200 day moving average price is $112.80. T.
Rowe Price Group ( NASDAQ:TROW – Get Free Report ) last announced its quarterly earnings data on Friday, November 1st. The asset manager reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.
36 by $0.21. T.
Rowe Price Group had a return on equity of 20.35% and a net margin of 30.35%.
The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.84 billion.
During the same quarter in the previous year, the business earned $2.17 earnings per share. The business’s revenue for the quarter was up 6.
9% on a year-over-year basis. As a group, equities analysts predict that T. Rowe Price Group, Inc.
will post 9.45 EPS for the current year. T.
Rowe Price Group Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were issued a dividend of $1.24 per share.
The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.96 annualized dividend and a dividend yield of 4.
34%. T. Rowe Price Group’s payout ratio is currently 54.
27%. Insider Buying and Selling In other news, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $123.
35, for a total transaction of $499,197.45. Following the completion of the sale, the vice president now directly owns 119,577 shares in the company, valued at $14,749,822.
95. This represents a 3.27 % decrease in their position.
The transaction was disclosed in a filing with the SEC, which is available at this link . Corporate insiders own 2.00% of the company’s stock.
About T. Rowe Price Group ( 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.
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