Brookstone Capital Management boosted its stake in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 1.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 79,190 shares of the asset manager’s stock after buying an additional 803 shares during the period. Brookstone Capital Management’s holdings in T. Rowe Price Group were worth $5,877,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Daiwa Securities Group Inc. boosted its position in T. Rowe Price Group by 6.3% in the first quarter. Daiwa Securities Group Inc. now owns 6,750 shares of the asset manager’s stock worth $460,000 after buying an additional 400 shares during the period. Gabelli Funds LLC boosted its position in T. Rowe Price Group by 16.6% in the first quarter. Gabelli Funds LLC now owns 516,000 shares of the asset manager’s stock worth $35,165,000 after buying an additional 73,400 shares during the period. British Columbia Investment Management Corp boosted its position in T. Rowe Price Group by 47.4% in the first quarter. British Columbia Investment Management Corp now owns 256,180 shares of the asset manager’s stock worth $17,459,000 after buying an additional 82,409 shares during the period. Bridgewater Associates LP boosted its position in T. Rowe Price Group by 14.9% in the first quarter. Bridgewater Associates LP now owns 131,857 shares of the asset manager’s stock worth $8,986,000 after buying an additional 17,119 shares during the period. Finally, Roundview Capital LLC boosted its position in T. Rowe Price Group by 228.4% in the first quarter. Roundview Capital LLC now owns 22,769 shares of the asset manager’s stock worth $1,552,000 after buying an additional 15,835 shares during the period. 72.10% of the stock is owned by hedge funds and other institutional investors.

Shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) traded up 1.75% during midday trading on Friday, hitting $83.90. The stock had a trading volume of 1,510,082 shares. T. Rowe Price Group, Inc. has a 1-year low of $62.97 and a 1-year high of $85.42. The firm has a market cap of $20.17 billion, a price-to-earnings ratio of 14.41 and a beta of 1.24. The firm has a 50-day moving average price of $81.74 and a 200-day moving average price of $73.85.

T. Rowe Price Group (NASDAQ:TROW) last issued its quarterly earnings results on Tuesday, July 25th. The asset manager reported $1.28 EPS for the quarter, topping the consensus estimate of $1.27 by $0.01. T. Rowe Price Group had a net margin of 32.64% and a return on equity of 24.38%. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the previous year, the firm posted $0.76 EPS. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, equities analysts anticipate that T. Rowe Price Group, Inc. will post $5.66 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, September 14th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.72%. T. Rowe Price Group’s payout ratio is 39.18%.

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Several equities analysts recently commented on TROW shares. Jefferies Group LLC reiterated a “buy” rating and issued a $96.00 target price on shares of T. Rowe Price Group in a research note on Sunday, August 20th. Deutsche Bank AG reiterated a “hold” rating and issued a $71.00 target price (down from $74.00) on shares of T. Rowe Price Group in a research note on Monday, May 1st. Credit Suisse Group upped their target price on T. Rowe Price Group from $70.00 to $90.00 and gave the company a “neutral” rating in a research note on Wednesday, July 26th. Citigroup Inc. upped their target price on T. Rowe Price Group from $73.50 to $90.00 and gave the company a “neutral” rating in a research note on Wednesday, July 26th. Finally, Zacks Investment Research lowered T. Rowe Price Group from a “buy” rating to a “hold” rating in a research note on Monday, August 21st. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. T. Rowe Price Group currently has a consensus rating of “Hold” and an average price target of $79.20.

In other news, Director Anne M. Whittemore sold 8,326 shares of the company’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $82.03, for a total value of $682,981.78. Following the sale, the director now directly owns 28,982 shares of the company’s stock, valued at approximately $2,377,393.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider David Oestreicher sold 10,394 shares of the company’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $83.07, for a total transaction of $863,429.58. Following the completion of the sale, the insider now directly owns 82,299 shares in the company, valued at $6,836,577.93. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by corporate insiders.

T. Rowe Price Group Company Profile

T. Rowe Price Group, Inc is a financial services holding company. The Company provides global investment management services through its subsidiaries to investors across the world. The Company provides an array of Company sponsored the United States mutual funds, other sponsored pooled investment vehicles, sub advisory services, separate account management, recordkeeping, and related services to individuals, advisors, institutions, financial intermediaries and retirement plan sponsors.

Institutional Ownership by Quarter for T. Rowe Price Group (NASDAQ:TROW)

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