T. Rowe Price Group Inc (TROW) Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its stake in shares of T. Rowe Price Group Inc (NASDAQ:TROW) by 0.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 931,920 shares of the asset manager’s stock after purchasing an additional 4,306 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.39% of T. Rowe Price Group worth $101,748,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of TROW. Principal Financial Group Inc. boosted its position in shares of T. Rowe Price Group by 2.0% during the 1st quarter. Principal Financial Group Inc. now owns 402,221 shares of the asset manager’s stock worth $43,428,000 after purchasing an additional 7,746 shares in the last quarter. Fulton Bank N.A. purchased a new stake in shares of T. Rowe Price Group in the 2nd quarter worth about $208,000. State of Alaska Department of Revenue boosted its position in shares of T. Rowe Price Group by 10.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 72,610 shares of the asset manager’s stock worth $8,427,000 after buying an additional 6,670 shares in the last quarter. Xact Kapitalforvaltning AB boosted its position in shares of T. Rowe Price Group by 12.8% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 100,458 shares of the asset manager’s stock worth $11,662,000 after buying an additional 11,368 shares in the last quarter. Finally, Confluence Investment Management LLC boosted its position in shares of T. Rowe Price Group by 1.1% in the 2nd quarter. Confluence Investment Management LLC now owns 177,979 shares of the asset manager’s stock worth $20,662,000 after buying an additional 1,968 shares in the last quarter. Institutional investors own 70.99% of the company’s stock.

Several equities research analysts recently commented on the stock. ValuEngine lowered shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th. Zacks Investment Research upgraded shares of T. Rowe Price Group from a “hold” rating to a “buy” rating and set a $137.00 price objective on the stock in a research report on Thursday, July 19th. Wells Fargo & Co boosted their price objective on shares of T. Rowe Price Group from $114.00 to $124.00 and gave the stock a “market perform” rating in a research report on Friday, July 13th. Deutsche Bank decreased their price objective on shares of T. Rowe Price Group from $136.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, August 16th. Finally, BidaskClub lowered shares of T. Rowe Price Group from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 1st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. T. Rowe Price Group presently has an average rating of “Hold” and an average price target of $114.11.

Shares of TROW stock opened at $98.48 on Friday. T. Rowe Price Group Inc has a twelve month low of $92.01 and a twelve month high of $127.43. The stock has a market capitalization of $24.43 billion, a P/E ratio of 14.26, a PEG ratio of 1.16 and a beta of 1.21.

T. Rowe Price Group (NASDAQ:TROW) last announced its earnings results on Thursday, October 25th. The asset manager reported $2.30 earnings per share for the quarter, beating the consensus estimate of $1.93 by $0.37. T. Rowe Price Group had a net margin of 33.98% and a return on equity of 29.52%. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the company posted $1.56 EPS. Equities analysts expect that T. Rowe Price Group Inc will post 7.37 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.84%. The ex-dividend date is Thursday, December 13th. T. Rowe Price Group’s payout ratio is 51.57%.

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T. Rowe Price Group Company 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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