T. Rowe Price Group, Inc. (TROW) Shares Bought by Security National Bank of SO Dak

Security National Bank of SO Dak raised its holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 0.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,910 shares of the asset manager’s stock after acquiring an additional 85 shares during the period. Security National Bank of SO Dak’s holdings in T. Rowe Price Group were worth $884,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in T. Rowe Price Group by 1.3% in the second quarter. JPMorgan Chase & Co. now owns 11,756,348 shares of the asset manager’s stock valued at $872,439,000 after acquiring an additional 156,326 shares during the period. Ffcm LLC boosted its position in shares of T. Rowe Price Group by 6.4% during the second quarter. Ffcm LLC now owns 37,660 shares of the asset manager’s stock worth $2,795,000 after buying an additional 2,261 shares during the period. Aviva PLC boosted its position in shares of T. Rowe Price Group by 1.9% during the second quarter. Aviva PLC now owns 147,815 shares of the asset manager’s stock worth $10,969,000 after buying an additional 2,760 shares during the period. AXA boosted its position in shares of T. Rowe Price Group by 68.6% during the second quarter. AXA now owns 624,107 shares of the asset manager’s stock worth $46,315,000 after buying an additional 253,900 shares during the period. Finally, Bridgewater Associates LP boosted its position in shares of T. Rowe Price Group by 14.9% during the first quarter. Bridgewater Associates LP now owns 131,857 shares of the asset manager’s stock worth $8,986,000 after buying an additional 17,119 shares during the period. 73.62% of the stock is owned by hedge funds and other institutional investors.

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In other T. Rowe Price Group news, Director Anne M. Whittemore sold 4,163 shares of T. Rowe Price Group stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $90.64, for a total transaction of $377,334.32. Following the completion of the transaction, the director now owns 29,070 shares in the company, valued at approximately $2,634,904.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kenneth V. Moreland sold 13,041 shares of T. Rowe Price Group stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $90.43, for a total value of $1,179,297.63. Following the transaction, the chief financial officer now owns 135,028 shares of the company’s stock, valued at approximately $12,210,582.04. The disclosure for this sale can be found here. Insiders have sold a total of 36,924 shares of company stock valued at $3,187,333 in the last quarter. Company insiders own 3.60% of the company’s stock.

Several research analysts have recently weighed in on the company. Morgan Stanley raised T. Rowe Price Group from an “underweight” rating to an “equal” rating and upped their price objective for the stock from $77.00 to $93.00 in a research report on Thursday, October 5th. Goldman Sachs Group, Inc. (The) raised T. Rowe Price Group from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $85.00 to $100.00 in a research report on Thursday, September 28th. Zacks Investment Research raised T. Rowe Price Group from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a research report on Tuesday, September 26th. Citigroup Inc. upped their price objective on T. Rowe Price Group from $73.50 to $90.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 26th. Finally, BidaskClub raised T. Rowe Price Group from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 14th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $85.45.

T. Rowe Price Group, Inc. (NASDAQ TROW) traded down 0.10% during mid-day trading on Tuesday, reaching $91.89. The company had a trading volume of 370,271 shares. T. Rowe Price Group, Inc. has a one year low of $62.97 and a one year high of $92.58. The company has a market capitalization of $22.09 billion, a P/E ratio of 15.78 and a beta of 1.25. The stock has a 50 day moving average price of $85.92 and a 200 day moving average price of $77.34.

T. Rowe Price Group (NASDAQ:TROW) last released its quarterly earnings results on Tuesday, July 25th. The asset manager reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.01. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. T. Rowe Price Group had a return on equity of 24.38% and a net margin of 32.64%. The company’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.76 EPS. On average, equities analysts expect that T. Rowe Price Group, Inc. will post $5.72 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 28th. Shareholders of record on Thursday, September 14th were paid a dividend of $0.57 per share. The ex-dividend date of this dividend was Wednesday, September 13th. This represents a $2.28 dividend on an annualized basis and a yield of 2.48%. T. Rowe Price Group’s dividend payout ratio (DPR) is currently 39.18%.

About T. Rowe Price Group

T. Rowe Price Group, Inc is a financial services holding company. The Company provides global investment management services through its subsidiaries to investors across the world. The Company provides an array of Company sponsored the United States mutual funds, other sponsored pooled investment vehicles, sub advisory services, separate account management, recordkeeping, and related services to individuals, advisors, institutions, financial intermediaries and retirement plan sponsors.

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

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