T. Rowe Price Group, Inc. $TROW Shares Bought by Blackhawk Capital Partners LLC

Blackhawk Capital Partners LLC lifted its holdings in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 28.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 20,232 shares of the asset manager’s stock after acquiring an additional 4,491 shares during the quarter. Blackhawk Capital Partners LLC’s holdings in T. Rowe Price Group were worth $1,824,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of TROW. Geneos Wealth Management Inc. increased its position in shares of T. Rowe Price Group by 55.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 945 shares of the asset manager’s stock worth $85,000 after purchasing an additional 339 shares during the last quarter. NFSG Corp grew its stake in T. Rowe Price Group by 61.9% in the first quarter. NFSG Corp now owns 1,702 shares of the asset manager’s stock worth $153,000 after purchasing an additional 651 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in T. Rowe Price Group by 17.6% in the first quarter. Sanctuary Advisors LLC now owns 14,374 shares of the asset manager’s stock valued at $1,296,000 after buying an additional 2,153 shares during the last quarter. Sigma Planning Corp raised its stake in T. Rowe Price Group by 17.3% during the first quarter. Sigma Planning Corp now owns 22,197 shares of the asset manager’s stock valued at $2,001,000 after buying an additional 3,266 shares in the last quarter. Finally, Checchi Capital Advisers LLC acquired a new stake in T. Rowe Price Group during the first quarter valued at approximately $218,000. Institutional investors and hedge funds own 73.39% of the company’s stock.

Insiders Place Their Bets

In other T. Rowe Price Group news, VP Stephon A. Jackson sold 3,000 shares of the business’s stock in a transaction dated 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 directly owned 83,883 shares of the company’s stock, valued at approximately $8,603,040.48. The trade was a 3.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.60% of the company’s stock.

T. Rowe Price Group Trading Up 2.2%

Shares of T. Rowe Price Group stock opened at $118.58 on Thursday. The firm’s 50-day moving average price is $108.30 and its two-hundred day moving average price is $101.11. T. Rowe Price Group, Inc. has a 1-year low of $85.22 and a 1-year high of $121.17. The stock has a market capitalization of $25.41 billion, a price-to-earnings ratio of 12.71, a P/E/G ratio of 4.22 and a beta of 1.47.

T. Rowe Price Group (NASDAQ:TROW) last posted its quarterly earnings data on Thursday, April 30th. The asset manager reported $2.52 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the previous year, the firm earned $2.23 earnings per share. The business’s revenue was up 5.3% on a year-over-year basis. As a group, equities research analysts predict that T. Rowe Price Group, Inc. will post 9.97 EPS for the current year.

T. Rowe Price Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Monday, June 15th were given a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 4.4%. The ex-dividend date was Monday, June 15th. T. Rowe Price Group’s dividend payout ratio (DPR) is presently 55.73%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods raised their price target on shares of T. Rowe Price Group from $107.00 to $120.00 and gave the stock a “market perform” rating in a research report on Friday, July 10th. Barclays upped their price target on T. Rowe Price Group from $89.00 to $108.00 and gave the company an “underweight” rating in a report on Tuesday. Zacks Research upgraded T. Rowe Price Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 13th. Jefferies Financial Group dropped their price objective on T. Rowe Price Group from $107.00 to $91.00 and set a “hold” rating on the stock in a report on Wednesday, April 8th. Finally, The Goldman Sachs Group raised their price objective on shares of T. Rowe Price Group from $90.00 to $92.00 and gave the stock a “sell” rating in a research note on Tuesday, June 30th. Ten investment analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $103.42.

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.