Guggenheim Capital LLC decreased its holdings in T. Rowe Price Group Inc (NASDAQ:TROW) by 8.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 162,779 shares of the asset manager’s stock after selling 14,668 shares during the period. Guggenheim Capital LLC’s holdings in T. Rowe Price Group were worth $15,895,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Destination Wealth Management acquired a new position in shares of T. Rowe Price Group in the fourth quarter worth $201,000. Balentine LLC acquired a new stake in T. Rowe Price Group during the first quarter worth about $73,000. Northwestern Mutual Investment Management Company LLC increased its stake in T. Rowe Price Group by 33.9% during the first quarter. Northwestern Mutual Investment Management Company LLC now owns 12,157 shares of the asset manager’s stock worth $1,187,000 after acquiring an additional 3,080 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in T. Rowe Price Group by 17.6% during the first quarter. Nisa Investment Advisors LLC now owns 95,673 shares of the asset manager’s stock worth $9,342,000 after acquiring an additional 14,347 shares during the last quarter. Finally, Avalon Investment & Advisory increased its stake in T. Rowe Price Group by 26.4% during the first quarter. Avalon Investment & Advisory now owns 539,143 shares of the asset manager’s stock worth $52,647,000 after acquiring an additional 112,496 shares during the last quarter. Institutional investors and hedge funds own 70.76% of the company’s stock.

TROW traded down $2.25 on Friday, reaching $120.28. The company’s stock had a trading volume of 23,526 shares, compared to its average volume of 1,310,305. The stock has a market cap of $27.54 billion, a price-to-earnings ratio of 15.26, a price-to-earnings-growth ratio of 1.82 and a beta of 1.15. T. Rowe Price Group Inc has a 1 year low of $82.51 and a 1 year high of $139.82. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.55 and a quick ratio of 4.55. The business’s 50 day moving average is $120.12 and its 200 day moving average is $118.93.

T. Rowe Price Group (NASDAQ:TROW) last issued its quarterly earnings results on Tuesday, April 28th. The asset manager reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $1.79 by $0.08. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.43 billion. T. Rowe Price Group had a return on equity of 29.22% and a net margin of 33.86%. T. Rowe Price Group’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.87 earnings per share. As a group, research analysts forecast that T. Rowe Price Group Inc will post 7.19 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date is Friday, June 12th. T. Rowe Price Group’s dividend payout ratio is currently 44.61%.

In related news, VP W. Sharps Robert sold 3,500 shares of the stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $117.50, for a total value of $411,250.00. Following the completion of the transaction, the vice president now owns 476,176 shares of the company’s stock, valued at $55,950,680. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mary K. Bush sold 1,851 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $115.34, for a total value of $213,494.34. Following the transaction, the director now directly owns 15,955 shares in the company, valued at approximately $1,840,249.70. The disclosure for this sale can be found here. Insiders sold 8,851 shares of company stock valued at $1,047,719 in the last three months. 1.00% of the stock is currently owned by company insiders.

TROW has been the subject of several research analyst reports. Goldman Sachs Group lowered T. Rowe Price Group from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $120.00 to $84.00 in a research note on Tuesday, March 24th. Deutsche Bank upped their price target on T. Rowe Price Group from $110.00 to $115.00 and gave the stock a “hold” rating in a research note on Friday, May 15th. UBS Group dropped their price target on T. Rowe Price Group from $137.00 to $100.00 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. ValuEngine raised T. Rowe Price Group from a “sell” rating to a “hold” rating in a research report on Tuesday, March 17th. Finally, BMO Capital Markets upped their target price on T. Rowe Price Group from $86.00 to $92.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 29th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. T. Rowe Price Group has an average rating of “Hold” and a consensus price target of $109.50.

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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