4 days Ago By Defense World Staff
Envestnet Asset Management Inc. lifted its position in T. Rowe Price Group, Inc.
( NASDAQ:TROW – Free Report ) by 8.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 147,010 shares of the asset manager’s stock after buying an additional 11,409 shares during the period.
Envestnet Asset Management Inc. owned approximately 0.07% of T.
Rowe Price Group worth $16,625,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Several other hedge funds and other institutional investors have also recently made changes to their positions in TROW. Vanguard Group Inc.
boosted its position in shares of T. Rowe Price Group by 0.5% in the fourth quarter.
Vanguard Group Inc. now owns 26,063,837 shares of the asset manager’s stock worth $2,947,559,000 after purchasing an additional 135,203 shares during the period. Charles Schwab Investment Management Inc.
boosted its holdings in T. Rowe Price Group by 5.1% during the 4th quarter.
Charles Schwab Investment Management Inc. now owns 7,187,176 shares of the asset manager’s stock valued at $812,798,000 after acquiring an additional 346,369 shares during the period. Geode Capital Management LLC boosted its holdings in shares of T.
Rowe Price Group by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 5,631,429 shares of the asset manager’s stock valued at $635,260,000 after purchasing an additional 116,231 shares during the period.
Provident Trust Co. raised its holdings in shares of T. Rowe Price Group by 8.
9% in the 4th quarter. Provident Trust Co. now owns 2,611,294 shares of the asset manager’s stock valued at $295,311,000 after purchasing an additional 213,566 shares in the last quarter.
Finally, Fisher Asset Management LLC raised its position in shares of T. Rowe Price Group by 0.5% in the 4th quarter.
Fisher Asset Management LLC now owns 1,870,446 shares of the asset manager’s stock worth $211,529,000 after acquiring an additional 8,992 shares in the last quarter. Hedge funds and other institutional investors own 73.39% of the company’s stock.
Analysts Set New Price Targets Several equities analysts have issued reports on the stock. Morgan Stanley cut their price target on shares of T. Rowe Price Group from $126.
00 to $121.00 and set an “equal weight” rating on the stock in a report on Monday, February 24th. The Goldman Sachs Group lowered their target price on shares of T.
Rowe Price Group from $89.00 to $80.00 and set a “sell” rating on the stock in a research note on Monday.
Wells Fargo & Company decreased their price objective on shares of T. Rowe Price Group from $116.00 to $98.
00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. Evercore ISI decreased their target price on T. Rowe Price Group from $104.
00 to $80.00 and set an “in-line” rating on the stock in a research report on Friday, April 11th. Finally, TD Cowen lowered their price target on T.
Rowe Price Group from $112.00 to $89.00 and set a “hold” rating on the stock in a research note on Wednesday, April 9th.
Four investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $100.
09. T. Rowe Price Group Stock Down 1.
9 % Shares of TROW opened at $87.58 on Wednesday. T.
Rowe Price Group, Inc. has a 52-week low of $77.85 and a 52-week high of $125.
81. The stock has a fifty day simple moving average of $97.08 and a two-hundred day simple moving average of $108.
87. The company has a market capitalization of $19.46 billion, a PE ratio of 9.
56, a price-to-earnings-growth ratio of 2.86 and a beta of 1.50.
T. Rowe Price Group ( NASDAQ:TROW – Get Free Report ) last issued its earnings results on Wednesday, February 5th. The asset manager reported $2.
12 EPS for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.08).
T. Rowe Price Group had a return on equity of 20.83% and a net margin of 29.
61%. During the same quarter in the previous year, the company earned $1.72 EPS.
As a group, equities analysts anticipate that T. Rowe Price Group, Inc. will post 9.
29 earnings per share for the current fiscal year. T. Rowe Price Group Increases Dividend The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th.
Stockholders of record on Friday, March 14th were issued a $1.27 dividend. This is a positive change from T.
Rowe Price Group’s previous quarterly dividend of $1.24. This represents a $5.
08 annualized dividend and a dividend yield of 5.80%. The ex-dividend date was Friday, March 14th.
T. Rowe Price Group’s dividend payout ratio is currently 55.46%.
Insider Buying and Selling In other news, Director Robert F. Maclellan sold 3,955 shares of the firm’s stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $91.
56, for a total transaction of $362,119.80. Following the sale, the director now owns 42,979 shares of the company’s stock, valued at approximately $3,935,157.
24. This trade represents a 8.43 % decrease in their position.
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website . Also, VP Arif Husain sold 4,112 shares of the company’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $109.
27, for a total transaction of $449,318.24. Following the completion of the transaction, the vice president now owns 36,800 shares of the company’s stock, valued at approximately $4,021,136.
The trade was a 10.05 % decrease in their position. The disclosure for this sale can be found here .
2.00% of the stock is currently owned by corporate insiders. T.
Rowe Price Group 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. Featured Stories Five stocks we like better than T.
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