GHP Investment Advisors Inc. grew its position in T. Rowe Price Group Inc (NASDAQ:TROW) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,862 shares of the asset manager’s stock after purchasing an additional 550 shares during the quarter. GHP Investment Advisors Inc.’s holdings in T. Rowe Price Group were worth $2,399,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Global X MANAGEMENT CO LLC grew its position in T. Rowe Price Group by 14.2% during the third quarter. Global X MANAGEMENT CO LLC now owns 5,888 shares of the asset manager’s stock worth $534,000 after buying an additional 733 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in T. Rowe Price Group during the third quarter worth approximately $3,148,000. New York State Common Retirement Fund grew its position in T. Rowe Price Group by 0.4% during the third quarter. New York State Common Retirement Fund now owns 688,700 shares of the asset manager’s stock worth $62,431,000 after buying an additional 2,800 shares in the last quarter. Toronto Dominion Bank grew its position in T. Rowe Price Group by 11.4% during the third quarter. Toronto Dominion Bank now owns 91,796 shares of the asset manager’s stock worth $8,321,000 after buying an additional 9,392 shares in the last quarter. Finally, First National Trust Co. grew its position in T. Rowe Price Group by 9.8% during the third quarter. First National Trust Co. now owns 18,134 shares of the asset manager’s stock worth $1,644,000 after buying an additional 1,620 shares in the last quarter. 72.88% of the stock is currently owned by institutional investors.
In other news, CFO Kenneth V. Moreland sold 8,066 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $104.12, for a total value of $839,831.92. Following the completion of the transaction, the chief financial officer now directly owns 100,796 shares in the company, valued at approximately $10,494,879.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Freeman A. Hrabowski III sold 4,000 shares of the stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $101.59, for a total value of $406,360.00. The disclosure for this sale can be found here. Insiders sold a total of 103,671 shares of company stock valued at $10,707,156 over the last quarter. 3.60% of the stock is owned by corporate insiders.
Shares of T. Rowe Price Group Inc (NASDAQ:TROW) opened at $116.97 on Wednesday. The firm has a market capitalization of $28,639.92, a price-to-earnings ratio of 19.59, a price-to-earnings-growth ratio of 1.33 and a beta of 1.22. T. Rowe Price Group Inc has a twelve month low of $66.70 and a twelve month high of $120.07.
T. Rowe Price Group (NASDAQ:TROW) last issued its earnings results on Tuesday, January 30th. The asset manager reported $1.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.48 by $0.04. T. Rowe Price Group had a return on equity of 25.30% and a net margin of 31.07%. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter last year, the business posted $1.21 EPS. The company’s revenue was up 17.9% compared to the same quarter last year. equities research analysts predict that T. Rowe Price Group Inc will post 7.13 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.39%. This is a boost from T. Rowe Price Group’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Wednesday, March 14th. T. Rowe Price Group’s dividend payout ratio is presently 38.19%.
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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.
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