T. Rowe Price Group, Inc. (NASDAQ:TROW) VP Christopher D. Alderson sold 6,808 shares of the firm’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $102.83, for a total transaction of $700,066.64. Following the completion of the sale, the vice president now owns 119,846 shares of the company’s stock, valued at approximately $12,323,764.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

T. Rowe Price Group, Inc. (NASDAQ TROW) traded down $0.90 during trading hours on Tuesday, reaching $101.85. 1,213,100 shares of the company’s stock traded hands, compared to its average volume of 1,666,862. The stock has a market cap of $24,897.35, a P/E ratio of 20.07, a P/E/G ratio of 1.89 and a beta of 1.32. T. Rowe Price Group, Inc. has a 52-week low of $65.33 and a 52-week high of $104.40.

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

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 14th will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Wednesday, December 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.24%. T. Rowe Price Group’s dividend payout ratio (DPR) is presently 37.38%.

Several analysts recently commented on the stock. Zacks Investment Research cut shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a research note on Wednesday, December 6th. BidaskClub upgraded shares of T. Rowe Price Group from a “buy” rating to a “strong-buy” rating in a report on Monday, August 14th. Jefferies Group restated a “buy” rating and set a $96.00 target price on shares of T. Rowe Price Group in a report on Sunday, August 20th. Goldman Sachs Group upgraded shares of T. Rowe Price Group from a “neutral” rating to a “buy” rating and raised their target price for the company from $85.00 to $100.00 in a report on Thursday, September 28th. Finally, Barclays started coverage on shares of T. Rowe Price Group in a report on Friday, September 8th. They set an “underweight” rating and a $79.00 target price for the company. Three analysts have rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. T. Rowe Price Group has a consensus rating of “Hold” and a consensus price target of $89.67.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Steward Partners Investment Advisory LLC purchased a new stake in shares of T. Rowe Price Group during the third quarter worth about $774,000. Public Employees Retirement System of Ohio grew its holdings in shares of T. Rowe Price Group by 36.0% during the third quarter. Public Employees Retirement System of Ohio now owns 141,323 shares of the asset manager’s stock worth $12,811,000 after buying an additional 37,411 shares in the last quarter. Smith Shellnut Wilson LLC ADV purchased a new stake in shares of T. Rowe Price Group during the third quarter worth about $273,000. Belpointe Asset Management LLC purchased a new stake in shares of T. Rowe Price Group during the third quarter worth about $612,000. Finally, IFM Investors Pty Ltd purchased a new stake in shares of T. Rowe Price Group during the third quarter worth about $627,000. Institutional investors and hedge funds own 72.21% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for T. Rowe Price Group (NASDAQ:TROW)

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