Daiwa Securities Group Inc. Raises Holdings in T. Rowe Price Group Inc (NASDAQ:TROW)

Daiwa Securities Group Inc. lifted its holdings in shares of T. Rowe Price Group Inc (NASDAQ:TROW) by 10.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,390 shares of the asset manager’s stock after acquiring an additional 981 shares during the quarter. Daiwa Securities Group Inc.’s holdings in T. Rowe Price Group were worth $1,187,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Sawtooth Solutions LLC grew its stake in shares of T. Rowe Price Group by 4.6% in the second quarter. Sawtooth Solutions LLC now owns 2,220 shares of the asset manager’s stock worth $244,000 after acquiring an additional 97 shares during the last quarter. Unison Advisors LLC grew its stake in shares of T. Rowe Price Group by 0.7% in the second quarter. Unison Advisors LLC now owns 13,584 shares of the asset manager’s stock worth $1,490,000 after acquiring an additional 100 shares during the last quarter. Kistler Tiffany Companies LLC grew its stake in shares of T. Rowe Price Group by 66.7% in the second quarter. Kistler Tiffany Companies LLC now owns 250 shares of the asset manager’s stock worth $27,000 after acquiring an additional 100 shares during the last quarter. Duncker Streett & Co. Inc. grew its stake in shares of T. Rowe Price Group by 3.1% in the second quarter. Duncker Streett & Co. Inc. now owns 3,279 shares of the asset manager’s stock worth $360,000 after acquiring an additional 100 shares during the last quarter. Finally, CX Institutional grew its stake in shares of T. Rowe Price Group by 19.2% in the second quarter. CX Institutional now owns 664 shares of the asset manager’s stock worth $73,000 after acquiring an additional 107 shares during the last quarter. Institutional investors own 70.50% of the company’s stock.

TROW has been the topic of a number of recent research reports. ValuEngine cut T. Rowe Price Group from a “hold” rating to a “sell” rating in a research note on Monday, September 16th. Citigroup lowered their price target on T. Rowe Price Group from $116.00 to $110.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. BMO Capital Markets initiated coverage on T. Rowe Price Group in a report on Monday, October 7th. They set a “market perform” rating and a $101.00 price target on the stock. BidaskClub raised T. Rowe Price Group from a “sell” rating to a “hold” rating in a report on Thursday, October 31st. Finally, Credit Suisse Group set a $135.00 price target on T. Rowe Price Group and gave the company a “buy” rating in a report on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $112.08.

TROW stock traded up $0.93 during trading on Wednesday, reaching $121.72. The stock had a trading volume of 528,797 shares, compared to its average volume of 1,142,385. The stock’s 50 day moving average is $118.07 and its two-hundred day moving average is $111.53. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of 0.02. T. Rowe Price Group Inc has a 52 week low of $84.59 and a 52 week high of $124.00. The firm has a market cap of $28.87 billion, a PE ratio of 17.02, a PEG ratio of 1.83 and a beta of 1.06.

T. Rowe Price Group (NASDAQ:TROW) last posted its quarterly earnings data on Thursday, October 24th. The asset manager reported $2.13 EPS for the quarter, topping the consensus estimate of $1.98 by $0.15. T. Rowe Price Group had a return on equity of 28.84% and a net margin of 35.28%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter last year, the company earned $1.99 earnings per share. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, research analysts anticipate that T. Rowe Price Group Inc will post 7.84 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend is Friday, December 13th. T. Rowe Price Group’s dividend payout ratio is currently 42.52%.

In related news, VP W. Sharps Robert sold 19,064 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $118.50, for a total transaction of $2,259,084.00. Following the completion of the sale, the vice president now owns 467,715 shares in the company, valued at $55,424,227.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.10% of the company’s stock.

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.

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

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