Coldstream Capital Management Inc. Has $513,000 Stock Holdings in T. Rowe Price Group, Inc. $TROW

Coldstream Capital Management Inc. increased its position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 38.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,315 shares of the asset manager’s stock after buying an additional 1,471 shares during the quarter. Coldstream Capital Management Inc.’s holdings in T. Rowe Price Group were worth $513,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. TD Waterhouse Canada Inc. raised its position in shares of T. Rowe Price Group by 66.7% during the second quarter. TD Waterhouse Canada Inc. now owns 250 shares of the asset manager’s stock worth $25,000 after purchasing an additional 100 shares during the period. Zions Bancorporation National Association UT bought a new stake in T. Rowe Price Group during the 1st quarter valued at $27,000. Atlantic Union Bankshares Corp acquired a new position in T. Rowe Price Group during the second quarter worth $35,000. Curio Wealth LLC lifted its stake in shares of T. Rowe Price Group by 20,700.0% in the second quarter. Curio Wealth LLC now owns 416 shares of the asset manager’s stock valued at $40,000 after buying an additional 414 shares in the last quarter. Finally, Cromwell Holdings LLC grew its holdings in shares of T. Rowe Price Group by 3,483.3% during the second quarter. Cromwell Holdings LLC now owns 430 shares of the asset manager’s stock valued at $41,000 after buying an additional 418 shares during the last quarter. Institutional investors own 73.39% of the company’s stock.

Insider Buying and Selling at T. Rowe Price Group

In other news, Director Robert F. Maclellan sold 3,090 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $105.01, for a total transaction of $324,480.90. Following the completion of the sale, the director owned 47,335 shares in the company, valued at $4,970,648.35. This trade represents a 6.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.00% of the stock is owned by corporate insiders.

T. Rowe Price Group Price Performance

Shares of NASDAQ:TROW opened at $102.09 on Friday. T. Rowe Price Group, Inc. has a 1 year low of $77.85 and a 1 year high of $125.81. The company has a market capitalization of $22.28 billion, a PE ratio of 11.41, a price-to-earnings-growth ratio of 5.61 and a beta of 1.51. The business has a fifty day moving average price of $102.90 and a two-hundred day moving average price of $101.78.

T. Rowe Price Group (NASDAQ:TROW) last issued its quarterly earnings results on Friday, October 31st. The asset manager reported $2.81 earnings per share for the quarter, topping analysts’ consensus estimates of $2.55 by $0.26. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. T. Rowe Price Group had a net margin of 28.72% and a return on equity of 19.77%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.57 EPS. Sell-side analysts anticipate that T. Rowe Price Group, Inc. will post 9.29 earnings per share for the current year.

T. Rowe Price Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 15th will be paid a $1.27 dividend. This represents a $5.08 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Monday, December 15th. T. Rowe Price Group’s payout ratio is presently 55.34%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TROW. Weiss Ratings restated a “hold (c)” rating on shares of T. Rowe Price Group in a report on Wednesday, October 8th. TD Cowen increased their price objective on T. Rowe Price Group from $108.00 to $112.00 and gave the stock a “hold” rating in a research note on Monday, November 3rd. Bank of America lifted their target price on T. Rowe Price Group from $91.00 to $97.00 and gave the company an “underperform” rating in a research report on Thursday, October 2nd. BMO Capital Markets initiated coverage on T. Rowe Price Group in a report on Friday, October 3rd. They set a “market perform” rating and a $108.00 price target for the company. Finally, Morgan Stanley increased their price target on T. Rowe Price Group from $125.00 to $126.00 and gave the company an “equal weight” rating in a research report on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, T. Rowe Price Group currently has a consensus rating of “Reduce” and a consensus target price of $109.00.

T. Rowe Price Group 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.