Sei Investments Co. lessened its stake in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 8.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 283,389 shares of the asset manager’s stock after selling 27,205 shares during the period. Sei Investments Co. owned approximately 0.12% of T. Rowe Price Group worth $25,689,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Alpha Cubed Investments LLC bought a new stake in T. Rowe Price Group in the 3rd quarter worth approximately $256,000. JPMorgan Chase & Co. grew its position in shares of T. Rowe Price Group by 1.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 11,756,348 shares of the asset manager’s stock valued at $872,439,000 after acquiring an additional 156,326 shares during the period. Ffcm LLC grew its position in shares of T. Rowe Price Group by 6.4% during the 2nd quarter. Ffcm LLC now owns 37,660 shares of the asset manager’s stock valued at $2,795,000 after acquiring an additional 2,261 shares during the period. OLD Point Trust & Financial Services N A grew its position in shares of T. Rowe Price Group by 11.6% during the 3rd quarter. OLD Point Trust & Financial Services N A now owns 15,334 shares of the asset manager’s stock valued at $1,390,000 after acquiring an additional 1,600 shares during the period. Finally, Aviva PLC grew its position in shares of T. Rowe Price Group by 1.9% during the 2nd quarter. Aviva PLC now owns 147,815 shares of the asset manager’s stock valued at $10,969,000 after acquiring an additional 2,760 shares during the period. 72.28% of the stock is owned by institutional investors and hedge funds.

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TROW has been the subject of a number of recent research reports. Zacks Investment Research raised shares of T. Rowe Price Group from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a research report on Tuesday, September 12th. Jefferies Group LLC reissued a “buy” rating and set a $96.00 price objective on shares of T. Rowe Price Group in a research report on Sunday, August 20th. ValuEngine raised shares of T. Rowe Price Group from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. BidaskClub downgraded shares of T. Rowe Price Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 1st. Finally, Goldman Sachs Group, Inc. (The) raised shares of T. Rowe Price Group from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $85.00 to $100.00 in a research report on Thursday, September 28th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $89.50.

In other T. Rowe Price Group news, Director Anne M. Whittemore sold 4,163 shares of the business’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $90.64, for a total value of $377,334.32. Following the sale, the director now owns 29,070 shares in the company, valued at approximately $2,634,904.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jessica M. Hiebler sold 1,000 shares of the business’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $84.29, for a total transaction of $84,290.00. Following the completion of the sale, the insider now owns 8,461 shares in the company, valued at approximately $713,177.69. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,204 shares of company stock worth $1,640,922. Corporate insiders own 3.60% of the company’s stock.

T. Rowe Price Group, Inc. (TROW) traded down $0.62 on Monday, hitting $92.95. 250,260 shares of the company were exchanged, compared to its average volume of 1,689,769. T. Rowe Price Group, Inc. has a 52 week low of $65.33 and a 52 week high of $97.35. The stock has a market cap of $22,672.95, a PE ratio of 18.27, a price-to-earnings-growth ratio of 1.72 and a beta of 1.29.

T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly earnings results on Thursday, October 26th. The asset manager reported $1.56 EPS for the quarter, topping the consensus estimate of $1.36 by $0.20. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.22 billion. T. Rowe Price Group had a net margin of 33.10% and a return on equity of 24.76%. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.17 EPS. equities research analysts predict that T. Rowe Price Group, Inc. will post 5.29 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, December 14th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 2.45%. The ex-dividend date is Wednesday, December 13th. T. Rowe Price Group’s payout ratio is currently 37.38%.

About T. Rowe Price Group

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.

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

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