Farmers National Bank acquired a new stake in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,465 shares of the asset manager’s stock, valued at approximately $331,000.

Other large investors have also bought and sold shares of the company. WFG Advisors LP boosted its holdings in shares of T. Rowe Price Group by 25.9% in the second quarter. WFG Advisors LP now owns 7,575 shares of the asset manager’s stock worth $562,000 after buying an additional 1,557 shares during the period. Toronto Dominion Bank boosted its holdings in shares of T. Rowe Price Group by 24.2% in the second quarter. Toronto Dominion Bank now owns 82,404 shares of the asset manager’s stock worth $6,115,000 after buying an additional 16,076 shares during the period. Tandem Investment Advisors Inc. boosted its holdings in shares of T. Rowe Price Group by 3.4% in the second quarter. Tandem Investment Advisors Inc. now owns 87,994 shares of the asset manager’s stock worth $6,530,000 after buying an additional 2,918 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in shares of T. Rowe Price Group by 1.9% in the second quarter. Public Employees Retirement System of Ohio now owns 103,912 shares of the asset manager’s stock worth $7,711,000 after buying an additional 1,981 shares during the period. Finally, Koch Industries Inc. acquired a new position in shares of T. Rowe Price Group in the second quarter worth about $304,000. Institutional investors own 73.62% of the company’s stock.

In related news, Director Anne M. Whittemore sold 8,326 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $82.03, for a total value of $682,981.78. Following the completion of the transaction, the director now directly owns 28,982 shares in the company, valued at approximately $2,377,393.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kenneth V. Moreland sold 13,041 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $90.43, for a total value of $1,179,297.63. Following the completion of the transaction, the chief financial officer now owns 135,028 shares of the company’s stock, valued at $12,210,582.04. The disclosure for this sale can be found here. Insiders sold a total of 36,924 shares of company stock valued at $3,187,333 over the last quarter. 3.60% of the stock is owned by insiders.

T. Rowe Price Group, Inc. (NASDAQ TROW) traded up 0.51% during mid-day trading on Friday, hitting $94.94. 1,335,905 shares of the stock were exchanged. The firm has a 50-day moving average price of $87.25 and a 200-day moving average price of $78.01. The stock has a market capitalization of $22.82 billion, a P/E ratio of 16.31 and a beta of 1.25. T. Rowe Price Group, Inc. has a 12-month low of $62.97 and a 12-month high of $95.64.

T. Rowe Price Group (NASDAQ:TROW) last issued its quarterly earnings data on Tuesday, July 25th. The asset manager reported $1.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.01. T. Rowe Price Group had a return on equity of 24.38% and a net margin of 32.64%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the previous year, the firm earned $0.76 EPS. T. Rowe Price Group’s quarterly revenue was up 12.1% compared to the same quarter last year. Equities analysts predict that T. Rowe Price Group, Inc. will post $5.77 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Investors of record on Thursday, September 14th were given a $0.57 dividend. The ex-dividend date of this dividend was Wednesday, September 13th. This represents a $2.28 annualized dividend and a dividend yield of 2.40%. T. Rowe Price Group’s dividend payout ratio is presently 39.18%.

Several research analysts have commented on the stock. UBS AG reiterated a “sell” rating and issued a $63.00 target price (up from $62.00) on shares of T. Rowe Price Group in a report on Friday, July 14th. BidaskClub cut shares of T. Rowe Price Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 1st. Wells Fargo & Company reiterated a “market perform” rating on shares of T. Rowe Price Group in a report on Thursday, July 27th. Zacks Investment Research upgraded shares of T. Rowe Price Group from a “hold” rating to a “buy” rating and set a $98.00 target price for the company in a report on Tuesday, September 26th. Finally, Morgan Stanley upgraded shares of T. Rowe Price Group from an “underweight” rating to an “equal” rating and raised their target price for the stock from $77.00 to $93.00 in a report on Thursday, October 5th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $86.18.

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T. Rowe Price Group 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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