Laurion Capital Management LP lowered its stake in T. Rowe Price Group Inc (NASDAQ:TROW) by 14.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,269 shares of the asset manager’s stock after selling 700 shares during the period. Laurion Capital Management LP’s holdings in T. Rowe Price Group were worth $496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Glen Harbor Capital Management LLC raised its position in T. Rowe Price Group by 54.3% in the 2nd quarter. Glen Harbor Capital Management LLC now owns 95,984 shares of the asset manager’s stock valued at $11,143,000 after purchasing an additional 33,796 shares in the last quarter. OppenheimerFunds Inc. raised its position in T. Rowe Price Group by 92.6% in the 2nd quarter. OppenheimerFunds Inc. now owns 11,628 shares of the asset manager’s stock valued at $1,350,000 after purchasing an additional 5,591 shares in the last quarter. Baird Financial Group Inc. raised its position in T. Rowe Price Group by 71.8% in the 2nd quarter. Baird Financial Group Inc. now owns 25,120 shares of the asset manager’s stock valued at $2,917,000 after purchasing an additional 10,496 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in T. Rowe Price Group by 4.5% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 108,903 shares of the asset manager’s stock valued at $12,643,000 after purchasing an additional 4,692 shares in the last quarter. Finally, Dai Ichi Life Insurance Company Ltd raised its position in T. Rowe Price Group by 16.3% in the 2nd quarter. Dai Ichi Life Insurance Company Ltd now owns 73,414 shares of the asset manager’s stock valued at $8,523,000 after purchasing an additional 10,281 shares in the last quarter. 70.32% of the stock is currently owned by institutional investors.

A number of research firms have issued reports on TROW. ValuEngine lowered T. Rowe Price Group from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th. UBS Group reduced their price target on T. Rowe Price Group from $125.00 to $117.00 and set a “neutral” rating on the stock in a research report on Thursday, May 24th. Zacks Investment Research raised T. Rowe Price Group from a “hold” rating to a “buy” rating and set a $137.00 price target on the stock in a research report on Thursday, July 19th. Wells Fargo & Co increased their price target on T. Rowe Price Group from $114.00 to $124.00 and gave the company a “market perform” rating in a research report on Friday, July 13th. Finally, BidaskClub lowered T. Rowe Price Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 27th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $118.27.

Shares of NASDAQ TROW opened at $108.96 on Tuesday. T. Rowe Price Group Inc has a fifty-two week low of $84.26 and a fifty-two week high of $127.43. The stock has a market cap of $26.78 billion, a PE ratio of 20.07, a price-to-earnings-growth ratio of 1.38 and a beta of 1.18.

T. Rowe Price Group (NASDAQ:TROW) last issued its earnings results on Wednesday, July 25th. The asset manager reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.11. T. Rowe Price Group had a return on equity of 28.49% and a net margin of 31.67%. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter last year, the company earned $1.28 EPS. The business’s quarterly revenue was up 13.4% on a year-over-year basis. research analysts forecast that T. Rowe Price Group Inc will post 7.25 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be paid a dividend of $0.70 per share. The ex-dividend date is Thursday, September 13th. This represents a $2.80 dividend on an annualized basis and a yield of 2.57%. T. Rowe Price Group’s dividend payout ratio is presently 51.57%.

In related news, VP Christopher D. Alderson sold 41,639 shares of the firm’s stock in a transaction that occurred on Thursday, July 26th. The stock was sold at an average price of $121.89, for a total transaction of $5,075,377.71. Following the transaction, the vice president now owns 114,860 shares in the company, valued at approximately $14,000,285.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Freeman A. Hrabowski III sold 4,500 shares of the firm’s stock in a transaction that occurred on Thursday, July 26th. The stock was sold at an average price of $121.74, for a total value of $547,830.00. Following the transaction, the director now owns 9,640 shares in the company, valued at approximately $1,173,573.60. The disclosure for this sale can be found here. Company insiders own 3.10% of the company’s stock.

T. Rowe Price Group Profile

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

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