Rothschild Investment LLC Lowers Holdings in T. Rowe Price Group, Inc. $TROW

Rothschild Investment LLC decreased its position in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 67.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,371 shares of the asset manager’s stock after selling 4,859 shares during the quarter. Rothschild Investment LLC’s holdings in T. Rowe Price Group were worth $243,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. SBI Okasan Asset Management Co.Ltd. acquired a new stake in T. Rowe Price Group in the fourth quarter valued at approximately $648,000. Baker Avenue Asset Management LP acquired a new stake in T. Rowe Price Group in the fourth quarter valued at approximately $239,000. Kingsview Wealth Management LLC raised its holdings in T. Rowe Price Group by 200.2% in the fourth quarter. Kingsview Wealth Management LLC now owns 9,974 shares of the asset manager’s stock valued at $1,021,000 after acquiring an additional 6,651 shares in the last quarter. MTM Investment Management LLC raised its holdings in T. Rowe Price Group by 3.5% in the fourth quarter. MTM Investment Management LLC now owns 3,167 shares of the asset manager’s stock valued at $324,000 after acquiring an additional 107 shares in the last quarter. Finally, Coordinated Financial Services Inc. raised its holdings in T. Rowe Price Group by 18.9% in the fourth quarter. Coordinated Financial Services Inc. now owns 2,765 shares of the asset manager’s stock valued at $283,000 after acquiring an additional 440 shares in the last quarter. Institutional investors and hedge funds own 73.39% of the company’s stock.

T. Rowe Price Group Stock Performance

TROW stock opened at $104.53 on Monday. T. Rowe Price Group, Inc. has a twelve month low of $85.22 and a twelve month high of $118.22. The company’s 50 day moving average is $97.35 and its two-hundred day moving average is $99.22. The stock has a market cap of $22.40 billion, a P/E ratio of 11.20, a PEG ratio of 5.35 and a beta of 1.50.

T. Rowe Price Group (NASDAQ:TROW) last released its quarterly earnings data on Thursday, April 30th. The asset manager reported $2.52 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.15. T. Rowe Price Group had a net margin of 28.28% and a return on equity of 20.60%. The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter last year, the company earned $2.23 earnings per share. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. On average, equities research analysts predict that T. Rowe Price Group, Inc. will post 9.63 earnings per share for the current year.

T. Rowe Price Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 15th will be issued a dividend of $1.30 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $5.20 dividend on an annualized basis and a yield of 5.0%. T. Rowe Price Group’s dividend payout ratio (DPR) is presently 55.73%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on TROW shares. Evercore reduced their target price on shares of T. Rowe Price Group from $106.00 to $104.00 in a report on Monday, May 11th. BMO Capital Markets raised their target price on shares of T. Rowe Price Group from $98.00 to $110.00 and gave the company a “market perform” rating in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of T. Rowe Price Group from $106.00 to $100.00 and set a “hold” rating on the stock in a report on Thursday, February 5th. Keefe, Bruyette & Woods raised their target price on shares of T. Rowe Price Group from $95.00 to $107.00 and gave the company a “market perform” rating in a report on Friday, May 1st. Finally, TD Cowen raised their price objective on shares of T. Rowe Price Group from $93.00 to $94.00 and gave the stock a “hold” rating in a report on Friday, May 1st. Eleven research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $99.54.

Insiders Place Their Bets

In other T. Rowe Price Group news, VP Stephon A. Jackson sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $102.56, for a total transaction of $307,680.00. Following the sale, the vice president owned 83,883 shares of the company’s stock, valued at approximately $8,603,040.48. This trade represents a 3.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.60% of the company’s stock.

T. Rowe Price Group Company Profile

T. Rowe Price Group, Inc is a global investment management firm headquartered in Baltimore, Maryland, founded by Thomas Rowe Price Jr. in 1937. The company provides a broad range of investment products and services for individual investors, financial intermediaries, retirement plan sponsors and institutional clients. Its offerings are built around active investment management and in-house research across equity, fixed income and multi-asset strategies, reflecting a long history as a research-driven asset manager.

The firm’s product lineup includes mutual funds, separate accounts, collective investment trusts, target-date and target-risk funds, and managed account solutions, as well as services for defined contribution and defined benefit retirement plans.