CVA Family Office LLC Purchases New Shares in T. Rowe Price Group, Inc. (NASDAQ:TROW)

CVA Family Office LLC acquired a new position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 360 shares of the asset manager’s stock, valued at approximately $39,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. TCM Advisors LLC grew its holdings in shares of T. Rowe Price Group by 1.5% during the 1st quarter. TCM Advisors LLC now owns 6,900 shares of the asset manager’s stock worth $779,000 after purchasing an additional 100 shares in the last quarter. Asset Dedication LLC grew its stake in T. Rowe Price Group by 35.2% during the second quarter. Asset Dedication LLC now owns 396 shares of the asset manager’s stock worth $45,000 after buying an additional 103 shares in the last quarter. Roundview Capital LLC grew its stake in T. Rowe Price Group by 0.5% during the third quarter. Roundview Capital LLC now owns 22,279 shares of the asset manager’s stock worth $2,336,000 after buying an additional 105 shares in the last quarter. Creative Financial Designs Inc. ADV increased its holdings in T. Rowe Price Group by 83.5% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 233 shares of the asset manager’s stock valued at $25,000 after buying an additional 106 shares during the period. Finally, Laffer Tengler Investments raised its position in shares of T. Rowe Price Group by 1.6% in the 1st quarter. Laffer Tengler Investments now owns 7,053 shares of the asset manager’s stock valued at $1,066,000 after buying an additional 108 shares in the last quarter. Institutional investors and hedge funds own 73.39% of the company’s stock.

T. Rowe Price Group Trading Up 0.9 %

Shares of TROW stock opened at $121.92 on Friday. T. Rowe Price Group, Inc. has a 12 month low of $87.43 and a 12 month high of $132.76. The firm has a market capitalization of $27.27 billion, a PE ratio of 15.71, a price-to-earnings-growth ratio of 2.35 and a beta of 1.39. The firm has a fifty day simple moving average of $112.42 and a two-hundred day simple moving average of $105.66.

T. Rowe Price Group (NASDAQ:TROW) last announced its earnings results on Thursday, February 8th. The asset manager reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.12. The company had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.63 billion. T. Rowe Price Group had a return on equity of 18.41% and a net margin of 27.69%. T. Rowe Price Group’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.74 earnings per share. On average, equities analysts predict that T. Rowe Price Group, Inc. will post 7.75 earnings per share for the current fiscal year.

T. Rowe Price Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a $1.24 dividend. This represents a $4.96 dividend on an annualized basis and a yield of 4.07%. This is an increase from T. Rowe Price Group’s previous quarterly dividend of $1.22. The ex-dividend date of this dividend was Thursday, March 14th. T. Rowe Price Group’s dividend payout ratio is presently 63.92%.

Insider Buying and Selling at T. Rowe Price Group

In other news, Director Freeman A. Hrabowski III sold 8,740 shares of T. Rowe Price Group stock in a transaction on Friday, March 8th. The stock was sold at an average price of $118.32, for a total transaction of $1,034,116.80. Following the sale, the director now directly owns 21,073 shares in the company, valued at approximately $2,493,357.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Jessica M. Hiebler sold 1,138 shares of T. Rowe Price Group stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $107.13, for a total value of $121,913.94. Following the completion of the sale, the insider now owns 14,113 shares of the company’s stock, valued at approximately $1,511,925.69. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Freeman A. Hrabowski III sold 8,740 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $118.32, for a total transaction of $1,034,116.80. Following the sale, the director now owns 21,073 shares in the company, valued at $2,493,357.36. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TROW. Wells Fargo & Company lifted their price objective on shares of T. Rowe Price Group from $105.00 to $108.00 and gave the company an “underweight” rating in a research note on Friday, February 9th. UBS Group boosted their target price on shares of T. Rowe Price Group from $86.00 to $102.00 and gave the stock a “sell” rating in a research note on Wednesday, January 10th. StockNews.com cut T. Rowe Price Group from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. TD Cowen began coverage on T. Rowe Price Group in a research report on Thursday, January 4th. They issued an “underperform” rating and a $88.00 target price for the company. Finally, JPMorgan Chase & Co. lifted their price objective on T. Rowe Price Group from $90.00 to $94.00 and gave the stock an “underweight” rating in a research note on Friday, February 9th. Six equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat, T. Rowe Price Group presently has an average rating of “Reduce” and a consensus target price of $97.30.

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.