Dalton Greiner Hartman Maher & Co. Sells 202 Shares of T. Rowe Price Group Inc (NASDAQ:TROW)

Dalton Greiner Hartman Maher & Co. cut its position in shares of T. Rowe Price Group Inc (NASDAQ:TROW) by 1.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,938 shares of the asset manager’s stock after selling 202 shares during the quarter. Dalton Greiner Hartman Maher & Co.’s holdings in T. Rowe Price Group were worth $1,592,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TROW. Advisory Alpha LLC purchased a new position in T. Rowe Price Group during the first quarter valued at $27,000. Kistler Tiffany Companies LLC raised its stake in T. Rowe Price Group by 66.7% during the second quarter. Kistler Tiffany Companies LLC now owns 250 shares of the asset manager’s stock valued at $27,000 after buying an additional 100 shares during the last quarter. North Star Investment Management Corp. purchased a new position in T. Rowe Price Group during the third quarter valued at $27,000. AdvisorNet Financial Inc raised its stake in T. Rowe Price Group by 121.1% during the second quarter. AdvisorNet Financial Inc now owns 294 shares of the asset manager’s stock valued at $32,000 after buying an additional 161 shares during the last quarter. Finally, Heritage Wealth Advisors raised its stake in T. Rowe Price Group by 201.5% during the second quarter. Heritage Wealth Advisors now owns 410 shares of the asset manager’s stock valued at $45,000 after buying an additional 274 shares during the last quarter. Institutional investors own 68.66% of the company’s stock.

NASDAQ:TROW opened at $110.95 on Friday. The stock has a 50-day simple moving average of $112.42 and a two-hundred day simple moving average of $107.98. T. Rowe Price Group Inc has a 52-week low of $84.59 and a 52-week high of $120.99. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.91 and a current ratio of 3.91. The firm has a market capitalization of $25.38 billion, a PE ratio of 15.52, a P/E/G ratio of 1.62 and a beta of 1.05.

T. Rowe Price Group (NASDAQ:TROW) last released its quarterly earnings data on Wednesday, July 24th. The asset manager reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.88 by $0.15. The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.39 billion. T. Rowe Price Group had a return on equity of 28.80% and a net margin of 36.17%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.87 earnings per share. Equities analysts forecast that T. Rowe Price Group Inc will post 7.78 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a $0.76 dividend. The ex-dividend date was Thursday, September 12th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 2.74%. T. Rowe Price Group’s dividend payout ratio is currently 42.52%.

Several research analysts have recently weighed in on the company. UBS Group boosted their price target on T. Rowe Price Group from $109.00 to $111.00 and gave the stock a “neutral” rating in a research note on Monday, July 8th. ValuEngine cut T. Rowe Price Group from a “hold” rating to a “sell” rating in a research report on Monday, September 16th. Credit Suisse Group set a $135.00 price objective on T. Rowe Price Group and gave the company a “buy” rating in a research report on Friday, September 13th. Citigroup upped their price objective on T. Rowe Price Group from $113.00 to $115.00 and gave the company a “neutral” rating in a research report on Tuesday, July 9th. Finally, BidaskClub cut T. Rowe Price Group from a “buy” rating to a “hold” rating in a research report on Saturday, September 21st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $110.15.

In related news, VP W. Sharps Robert sold 19,064 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $118.50, for a total value of $2,259,084.00. Following the sale, the vice president now directly 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 available through this link. Also, VP Sebastien Page sold 4,418 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $107.05, for a total value of $472,946.90. Following the completion of the sale, the vice president now owns 51,302 shares in the company, valued at $5,491,879.10. The disclosure for this sale can be found here. Insiders sold 79,773 shares of company stock worth $9,187,023 over the last quarter. 3.10% of the stock is owned by company insiders.

T. Rowe Price Group Company 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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