Mitsubishi UFJ Trust & Banking Corp Has $17.07 Million Stock Holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Mitsubishi UFJ Trust & Banking Corp grew its position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROWFree Report) by 3.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 162,801 shares of the asset manager’s stock after acquiring an additional 6,096 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.07% of T. Rowe Price Group worth $17,073,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of TROW. Fairfield Bush & CO. purchased a new position in shares of T. Rowe Price Group during the first quarter valued at approximately $150,000. Roundview Capital LLC purchased a new position in shares of T. Rowe Price Group during the first quarter valued at approximately $2,092,000. Cibc World Market Inc. boosted its position in shares of T. Rowe Price Group by 75.9% during the first quarter. Cibc World Market Inc. now owns 27,065 shares of the asset manager’s stock valued at $4,092,000 after buying an additional 11,675 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of T. Rowe Price Group by 5.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,158,038 shares of the asset manager’s stock valued at $175,099,000 after buying an additional 60,580 shares during the last quarter. Finally, Prudential PLC boosted its position in shares of T. Rowe Price Group by 47.1% during the first quarter. Prudential PLC now owns 12,117 shares of the asset manager’s stock valued at $1,832,000 after buying an additional 3,880 shares during the last quarter. Institutional investors own 75.85% of the company’s stock.

Wall Street Analyst Weigh In

TROW has been the topic of several analyst reports. TD Cowen started coverage on T. Rowe Price Group in a research report on Thursday, January 4th. They set an “underperform” rating and a $88.00 target price on the stock. Morgan Stanley boosted their price objective on T. Rowe Price Group from $101.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Friday, January 19th. UBS Group boosted their price objective on T. Rowe Price Group from $86.00 to $102.00 and gave the stock a “sell” rating in a research report on Wednesday, January 10th. Citigroup raised T. Rowe Price Group from a “sell” rating to a “neutral” rating and cut their price objective for the stock from $100.00 to $95.00 in a research report on Tuesday, October 31st. Finally, StockNews.com cut T. Rowe Price Group from a “buy” rating to a “hold” rating in a research report on Friday. Six investment analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $97.30.

Get Our Latest Stock Report on TROW

T. Rowe Price Group Price Performance

Shares of NASDAQ TROW opened at $109.99 on Tuesday. T. Rowe Price Group, Inc. has a one year low of $87.43 and a one year high of $132.76. The business’s fifty day moving average price is $107.20 and its 200-day moving average price is $105.34. The stock has a market capitalization of $24.54 billion, a PE ratio of 14.17, a P/E/G ratio of 2.39 and a beta of 1.40.

T. Rowe Price Group (NASDAQ:TROWGet Free Report) last issued its quarterly earnings results on Thursday, February 8th. The asset manager reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.12. T. Rowe Price Group had a return on equity of 18.50% and a net margin of 27.69%. The firm had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the prior year, the firm earned $1.74 EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, equities analysts expect that T. Rowe Price Group, Inc. will post 7.41 EPS for the current fiscal year.

T. Rowe Price Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Friday, March 15th will be paid a dividend of $1.24 per share. This represents a $4.96 dividend on an annualized basis and a dividend yield of 4.51%. This is a positive change from T. Rowe Price Group’s previous quarterly dividend of $1.22. The ex-dividend date of this dividend is Thursday, March 14th. T. Rowe Price Group’s payout ratio is presently 62.89%.

Insider Activity at T. Rowe Price Group

In related news, VP Robert C.T. Higginbotham sold 40,000 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $96.52, for a total transaction of $3,860,800.00. Following the sale, the vice president now directly owns 30,855 shares in the company, valued at approximately $2,978,124.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other T. Rowe Price Group news, VP Robert C.T. Higginbotham sold 40,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $96.52, for a total value of $3,860,800.00. Following the transaction, the vice president now directly owns 30,855 shares in the company, valued at approximately $2,978,124.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider William J. Stromberg sold 10,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $98.48, for a total value of $984,800.00. Following the completion of the transaction, the insider now owns 49,000 shares in the company, valued at $4,825,520. The disclosure for this sale can be found here. In the last three months, insiders have sold 74,458 shares of company stock worth $7,359,792. 2.10% of the stock is owned by company insiders.

About T. Rowe Price Group

(Free Report)

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.

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Institutional Ownership by Quarter for T. Rowe Price Group (NASDAQ:TROW)

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