Chicago Equity Partners LLC Purchases 154,085 Shares of T. Rowe Price Group, Inc. (TROW)

Chicago Equity Partners LLC lifted its position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 2,223.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 161,015 shares of the asset manager’s stock after purchasing an additional 154,085 shares during the period. Chicago Equity Partners LLC owned 0.07% of T. Rowe Price Group worth $14,596,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sheets Smith Wealth Management increased its stake in shares of T. Rowe Price Group by 0.7% during the second quarter. Sheets Smith Wealth Management now owns 5,292 shares of the asset manager’s stock worth $393,000 after purchasing an additional 38 shares during the period. Good Life Advisors LLC increased its stake in shares of T. Rowe Price Group by 1.1% during the second quarter. Good Life Advisors LLC now owns 4,650 shares of the asset manager’s stock worth $359,000 after purchasing an additional 52 shares during the period. GHP Investment Advisors Inc. increased its stake in shares of T. Rowe Price Group by 0.3% during the second quarter. GHP Investment Advisors Inc. now owns 19,549 shares of the asset manager’s stock worth $1,451,000 after purchasing an additional 53 shares during the period. Private Trust Co. NA increased its stake in shares of T. Rowe Price Group by 0.8% during the second quarter. Private Trust Co. NA now owns 7,307 shares of the asset manager’s stock worth $542,000 after purchasing an additional 60 shares during the period. Finally, Farmers & Merchants Trust Co of Chambersburg PA increased its stake in shares of T. Rowe Price Group by 0.7% during the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 11,027 shares of the asset manager’s stock worth $818,000 after purchasing an additional 75 shares during the period. Institutional investors own 72.83% of the company’s stock.

A number of equities analysts have commented on TROW shares. Jefferies Group LLC restated a “buy” rating and set a $96.00 price objective on shares of T. Rowe Price Group in a research note on Sunday, August 20th. ValuEngine upgraded T. Rowe Price Group from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. BidaskClub lowered T. Rowe Price Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 1st. Zacks Investment Research upgraded T. Rowe Price Group from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a research note on Tuesday, September 12th. Finally, Goldman Sachs Group, Inc. (The) upgraded T. Rowe Price Group from a “neutral” rating to a “buy” rating and lifted their price target for the company from $85.00 to $100.00 in a research note on Thursday, September 28th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $89.50.

Shares of T. Rowe Price Group, Inc. (NASDAQ TROW) traded up $0.25 on Monday, reaching $94.82. The company’s stock had a trading volume of 124,253 shares, compared to its average volume of 1,378,796. The firm has a market cap of $22,915.26, a P/E ratio of 18.47, a PEG ratio of 1.74 and a beta of 1.29. T. Rowe Price Group, Inc. has a 52-week low of $63.32 and a 52-week high of $97.35.

T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly earnings data on Thursday, October 26th. The asset manager reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.20. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.22 billion. T. Rowe Price Group had a return on equity of 24.76% and a net margin of 33.10%. The firm’s revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.17 EPS. equities analysts predict that T. Rowe Price Group, Inc. will post 5.29 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 14th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date is Wednesday, December 13th. T. Rowe Price Group’s dividend payout ratio is 37.38%.

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In related news, CFO Kenneth V. Moreland sold 13,041 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $90.43, for a total value of $1,179,297.63. Following the completion of the sale, the chief financial officer now directly owns 135,028 shares of the company’s stock, valued at approximately $12,210,582.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jessica M. Hiebler sold 1,000 shares of the business’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $84.29, for a total value of $84,290.00. Following the completion of the sale, the insider now directly owns 8,461 shares of the company’s stock, valued at $713,177.69. The disclosure for this sale can be found here. Insiders sold a total of 18,204 shares of company stock worth $1,640,922 over the last three months. 3.60% of the stock is owned by company insiders.

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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