Caxton Associates LLP Acquires 7,664 Shares of T. Rowe Price Group, Inc. $TROW

Caxton Associates LLP lifted its holdings in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 68.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,896 shares of the asset manager’s stock after buying an additional 7,664 shares during the quarter. Caxton Associates LLP’s holdings in T. Rowe Price Group were worth $1,823,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. TD Waterhouse Canada Inc. grew its holdings in T. Rowe Price Group by 66.7% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 250 shares of the asset manager’s stock worth $25,000 after acquiring an additional 100 shares during the period. Vermillion & White Wealth Management Group LLC boosted its position in shares of T. Rowe Price Group by 120.0% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 319 shares of the asset manager’s stock worth $31,000 after purchasing an additional 174 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new stake in shares of T. Rowe Price Group during the second quarter worth $35,000. Curio Wealth LLC increased its holdings in 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 purchasing an additional 414 shares during the last quarter. Finally, Cromwell Holdings LLC lifted its stake in T. Rowe Price Group by 3,483.3% in 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 period. 73.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TROW has been the subject of several analyst reports. Jefferies Financial Group boosted their target price on T. Rowe Price Group from $104.00 to $106.00 and gave the stock a “hold” rating in a research report on Tuesday, October 7th. Keefe, Bruyette & Woods increased their target price on shares of T. Rowe Price Group from $115.00 to $117.00 and gave the stock a “market perform” rating in a report on Monday, November 3rd. TD Cowen lifted their price target on shares of T. Rowe Price Group from $108.00 to $112.00 and gave the stock a “hold” rating in a research report on Monday, November 3rd. Barclays upped their price objective on shares of T. Rowe Price Group from $101.00 to $102.00 and gave the company an “underweight” rating in a research report on Friday. Finally, Morgan Stanley lifted their target price on T. Rowe Price Group from $125.00 to $126.00 and gave the stock an “equal weight” rating in a report on Monday, October 27th. Twelve analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $108.85.

Insider Buying and Selling at T. Rowe Price Group

In other T. Rowe Price Group news, Director Robert F. Maclellan sold 3,090 shares of the business’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $105.01, for a total transaction of $324,480.90. Following the transaction, the director owned 47,335 shares of the company’s stock, valued at $4,970,648.35. The trade was a 6.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Arif Husain sold 4,260 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $101.96, for a total value of $434,349.60. Following the sale, the vice president owned 47,102 shares in the company, valued at approximately $4,802,519.92. This represents a 8.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.60% of the company’s stock.

T. Rowe Price Group Trading Down 0.1%

TROW stock opened at $104.90 on Monday. The stock has a 50-day moving average price of $103.08 and a two-hundred day moving average price of $102.51. T. Rowe Price Group, Inc. has a 1 year low of $77.85 and a 1 year high of $120.71. The stock has a market cap of $22.89 billion, a PE ratio of 11.43, a price-to-earnings-growth ratio of 3.46 and a beta of 1.53.

T. Rowe Price Group (NASDAQ:TROW) last issued its quarterly earnings results on Friday, October 31st. The asset manager reported $2.81 EPS for the quarter, beating analysts’ consensus estimates of $2.55 by $0.26. T. Rowe Price Group had a return on equity of 19.95% and a net margin of 28.89%.The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same period in the previous year, the company posted $2.57 earnings per share. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, analysts forecast that T. Rowe Price Group, Inc. will post 9.29 earnings per share for the current fiscal year.

T. Rowe Price Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th will be given a $1.27 dividend. This represents a $5.08 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Monday, December 15th. T. Rowe Price Group’s payout ratio is currently 55.34%.

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.