Fort Washington Investment Advisors Inc. OH Purchases 13,088 Shares of T. Rowe Price Group, Inc. $TROW

Fort Washington Investment Advisors Inc. OH raised its position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 3.8% in the 1st quarter, Holdings Channel reports. The firm owned 355,274 shares of the asset manager’s stock after acquiring an additional 13,088 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in T. Rowe Price Group were worth $32,024,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Poehling Capital Management INC. boosted its holdings in shares of T. Rowe Price Group by 54.1% in the 1st quarter. Poehling Capital Management INC. now owns 29,597 shares of the asset manager’s stock valued at $2,668,000 after purchasing an additional 10,385 shares in the last quarter. Foster & Motley Inc. raised its holdings in shares of T. Rowe Price Group by 35.0% during the 1st quarter. Foster & Motley Inc. now owns 11,441 shares of the asset manager’s stock worth $1,031,000 after buying an additional 2,968 shares in the last quarter. OLD National Bancorp IN lifted its position in shares of T. Rowe Price Group by 5.1% during the 1st quarter. OLD National Bancorp IN now owns 72,661 shares of the asset manager’s stock worth $6,550,000 after buying an additional 3,548 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of T. Rowe Price Group during the 1st quarter worth $1,001,000. Finally, Hoxton Planning & Management LLC boosted its stake in T. Rowe Price Group by 30.0% in the first quarter. Hoxton Planning & Management LLC now owns 3,758 shares of the asset manager’s stock valued at $339,000 after buying an additional 868 shares in the last quarter. 73.39% of the stock is currently owned by institutional investors.

Insider Transactions at T. Rowe Price Group

In related 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 value of $307,680.00. Following the completion of the transaction, the vice president owned 83,883 shares in the company, valued at $8,603,040.48. This trade represents a 3.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is currently owned by company insiders.

T. Rowe Price Group Price Performance

Shares of TROW stock opened at $110.27 on Monday. T. Rowe Price Group, Inc. has a twelve month low of $85.22 and a twelve month high of $118.22. The stock’s fifty day simple moving average is $103.94 and its 200 day simple moving average is $99.92. The firm has a market capitalization of $23.63 billion, a P/E ratio of 11.82, a P/E/G ratio of 5.67 and a beta of 1.50.

T. Rowe Price Group (NASDAQ:TROW) last posted its earnings results on Thursday, April 30th. The asset manager reported $2.52 EPS for the quarter, beating the consensus estimate of $2.37 by $0.15. T. Rowe Price Group had a return on equity of 20.60% and a net margin of 28.28%.The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period last year, the company earned $2.23 earnings per share. The business’s quarterly revenue was up 5.3% on a year-over-year basis. As a group, equities research analysts expect that T. Rowe Price Group, Inc. will post 9.58 EPS for the current fiscal year.

T. Rowe Price Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 15th will be paid a $1.30 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $5.20 annualized dividend and a dividend yield of 4.7%. T. Rowe Price Group’s dividend payout ratio is currently 55.73%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TROW. Evercore lifted their target price on T. Rowe Price Group from $106.00 to $111.00 in a research report on Monday, June 8th. Morgan Stanley increased their target price on shares of T. Rowe Price Group from $105.00 to $109.00 and gave the stock an “equal weight” rating in a report on Friday. Barclays raised their price target on shares of T. Rowe Price Group from $87.00 to $89.00 and gave the company an “underweight” rating in a research note on Friday, May 1st. JPMorgan Chase & Co. lowered their price objective on shares of T. Rowe Price Group from $106.00 to $103.00 and set an “underweight” rating for the company in a research report on Friday, April 24th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of T. Rowe Price Group in a research note on Friday, May 8th. Eleven equities research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $100.38.

T. Rowe Price Group 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.