Fort Washington Investment Advisors Inc. OH Has $29.38 Million Stock Holdings in T. Rowe Price Group, Inc. $TROW

Fort Washington Investment Advisors Inc. OH trimmed its stake in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 7.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 286,238 shares of the asset manager’s stock after selling 21,547 shares during the period. Fort Washington Investment Advisors Inc. OH owned about 0.13% of T. Rowe Price Group worth $29,379,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. TD Waterhouse Canada Inc. boosted its holdings in shares of T. Rowe Price Group by 66.7% in the second quarter. TD Waterhouse Canada Inc. now owns 250 shares of the asset manager’s stock worth $25,000 after buying an additional 100 shares during the period. Vermillion & White Wealth Management Group LLC lifted 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 valued at $31,000 after acquiring an additional 174 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new position in T. Rowe Price Group in the 2nd quarter worth approximately $35,000. Curio Wealth LLC grew its position in T. Rowe Price Group by 20,700.0% during the 2nd quarter. Curio Wealth LLC now owns 416 shares of the asset manager’s stock worth $40,000 after purchasing an additional 414 shares in the last quarter. Finally, Cromwell Holdings LLC raised its stake in T. Rowe Price Group by 3,483.3% during the 2nd quarter. Cromwell Holdings LLC now owns 430 shares of the asset manager’s stock valued at $41,000 after purchasing an additional 418 shares during the period. Hedge funds and other institutional investors own 73.39% of the company’s stock.

T. Rowe Price Group Stock Down 0.9%

Shares of TROW opened at $103.64 on Wednesday. The firm has a market cap of $22.62 billion, a price-to-earnings ratio of 11.29, a price-to-earnings-growth ratio of 2.83 and a beta of 1.53. The company’s fifty day moving average is $102.89 and its 200-day moving average is $103.36. T. Rowe Price Group, Inc. has a 12 month low of $77.85 and a 12 month high of $118.32.

T. Rowe Price Group (NASDAQ:TROW) last issued its quarterly earnings data on Friday, October 31st. The asset manager reported $2.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.55 by $0.26. The firm had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.88 billion. T. Rowe Price Group had a net margin of 28.89% and a return on equity of 19.95%. T. Rowe Price Group’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.57 earnings per share. As a group, research analysts predict 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th were issued a dividend of $1.27 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $5.08 dividend on an annualized basis and a dividend yield of 4.9%. T. Rowe Price Group’s dividend payout ratio is currently 55.34%.

Insider Activity at T. Rowe Price Group

In related news, VP Arif Husain sold 4,260 shares of the firm’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 transaction, the vice president directly owned 47,102 shares of the company’s stock, valued at approximately $4,802,519.92. This trade represents a 8.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on TROW shares. BMO Capital Markets began coverage on T. Rowe Price Group in a research report on Friday, October 3rd. They issued a “market perform” rating and a $108.00 target price for the company. Weiss Ratings restated a “hold (c+)” rating on shares of T. Rowe Price Group in a research report on Monday. Morgan Stanley upped their target price on T. Rowe Price Group from $126.00 to $128.00 and gave the company an “equal weight” rating in a report on Wednesday, December 17th. Jefferies Financial Group raised their price target on shares of T. Rowe Price Group from $104.00 to $106.00 and gave the stock a “hold” rating in a report on Tuesday, October 7th. Finally, Bank of America upped their price objective on shares of T. Rowe Price Group from $91.00 to $97.00 and gave the company an “underperform” rating in a research note on Thursday, October 2nd. Twelve equities research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, T. Rowe Price Group has an average rating of “Reduce” and a consensus target price of $108.31.

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.