Mandatum Life Insurance Co Ltd Continues to Hold Stake in T. Rowe Price Group, Inc. (TROW)

Mandatum Life Insurance Co Ltd maintained its position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,437 shares of the company’s stock at the end of the fourth quarter. Mandatum Life Insurance Co Ltd’s holdings in T. Rowe Price Group were worth $2,968,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp boosted its position in shares of T. Rowe Price Group by 12.4% in the fourth quarter. State Street Corp now owns 14,733,079 shares of the company’s stock worth $1,108,811,000 after buying an additional 1,630,497 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of T. Rowe Price Group by 1.6% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 6,756,302 shares of the company’s stock worth $449,294,000 after buying an additional 106,476 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of T. Rowe Price Group by 6.5% in the third quarter. Ameriprise Financial Inc. now owns 4,905,765 shares of the company’s stock worth $326,230,000 after buying an additional 297,336 shares during the last quarter. BlackRock Fund Advisors boosted its position in shares of T. Rowe Price Group by 13.8% in the third quarter. BlackRock Fund Advisors now owns 4,698,179 shares of the company’s stock worth $312,429,000 after buying an additional 568,287 shares during the last quarter. Finally, Generation Investment Management LLP boosted its position in shares of T. Rowe Price Group by 4.3% in the second quarter. Generation Investment Management LLP now owns 3,887,714 shares of the company’s stock worth $283,686,000 after buying an additional 161,664 shares during the last quarter. Institutional investors and hedge funds own 71.35% of the company’s stock.

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

T. Rowe Price Group, Inc. (NASDAQ:TROW) traded down 0.64% during trading on Friday, hitting $70.86. The stock had a trading volume of 245,823 shares. The stock has a market capitalization of $17.25 billion, a PE ratio of 14.92 and a beta of 1.29. The stock’s 50-day moving average is $71.65 and its 200-day moving average is $70.15. T. Rowe Price Group, Inc. has a 52-week low of $62.97 and a 52-week high of $79.00.

T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly earnings data on Thursday, January 26th. The company reported $1.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.07. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. T. Rowe Price Group had a return on equity of 24.49% and a net margin of 28.28%. T. Rowe Price Group’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.17 EPS. On average, analysts predict that T. Rowe Price Group, Inc. will post $4.82 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 30th. Shareholders of record on Thursday, March 16th will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 3.20%. This is an increase from T. Rowe Price Group’s previous quarterly dividend of $0.54. T. Rowe Price Group’s dividend payout ratio is 46.06%.

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TROW has been the topic of a number of recent research reports. UBS AG upgraded shares of T. Rowe Price Group from a “neutral” rating to a “buy” rating and increased their price target for the company from $66.00 to $82.00 in a research report on Thursday, November 10th. Zacks Investment Research upgraded shares of T. Rowe Price Group from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Tuesday, October 25th. Citigroup Inc. restated a “neutral” rating on shares of T. Rowe Price Group in a report on Sunday, October 30th. J P Morgan Chase & Co restated an “underweight” rating on shares of T. Rowe Price Group in a report on Thursday, January 12th. Finally, Credit Suisse Group set a $62.00 target price on shares of T. Rowe Price Group and gave the stock a “hold” rating in a report on Saturday, February 4th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. T. Rowe Price Group has an average rating of “Hold” and a consensus price target of $74.08.

In other T. Rowe Price Group news, VP Edward A. Wiese sold 3,000 shares of the company’s stock in a transaction on Tuesday, December 13th. The stock was sold at an average price of $76.12, for a total value of $228,360.00. Following the transaction, the vice president now owns 150,898 shares of the company’s stock, valued at approximately $11,486,355.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Christopher D. Alderson sold 4,512 shares of the company’s stock in a transaction on Friday, December 9th. The shares were sold at an average price of $76.72, for a total value of $346,160.64. Following the completion of the transaction, the vice president now directly owns 111,707 shares in the company, valued at approximately $8,570,161.04. The disclosure for this sale can be found here. Insiders sold a total of 140,756 shares of company stock worth $10,923,582 in the last ninety days. 3.60% of the stock is currently owned by corporate insiders.

T. Rowe Price Group Company Profile

T. Rowe Price Group, Inc is a financial services holding company. The Company provides global investment management services to individual and institutional investors in the sponsored T. Rowe Price mutual funds distributed in the United States and other investment portfolios. It operates through investment advisory business segment.

5 Day Chart for NASDAQ:TROW

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