Natixis Advisors L.P. Buys 5,142 Shares of T. Rowe Price Group Inc (TROW)

Natixis Advisors L.P. lifted its holdings in T. Rowe Price Group Inc (NASDAQ:TROW) by 12.7% in the 4th quarter, Holdings Channel reports. The firm owned 45,742 shares of the asset manager’s stock after acquiring an additional 5,142 shares during the period. Natixis Advisors L.P.’s holdings in T. Rowe Price Group were worth $4,222,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of TROW. Dimensional Fund Advisors LP grew its holdings in T. Rowe Price Group by 5.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,354,386 shares of the asset manager’s stock valued at $125,035,000 after purchasing an additional 74,561 shares during the period. Northeast Investment Management grew its holdings in T. Rowe Price Group by 0.8% during the fourth quarter. Northeast Investment Management now owns 59,583 shares of the asset manager’s stock valued at $5,501,000 after purchasing an additional 484 shares during the period. Duality Advisers LP bought a new stake in T. Rowe Price Group during the fourth quarter valued at about $2,724,000. Commonwealth Bank of Australia grew its holdings in T. Rowe Price Group by 8.1% during the fourth quarter. Commonwealth Bank of Australia now owns 26,477 shares of the asset manager’s stock valued at $2,440,000 after purchasing an additional 1,975 shares during the period. Finally, Ascent Wealth Partners LLC bought a new stake in T. Rowe Price Group during the fourth quarter valued at about $2,637,000. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Several research firms have issued reports on TROW. Credit Suisse Group cut their price target on T. Rowe Price Group from $115.00 to $107.00 and set an “outperform” rating for the company in a report on Monday, January 14th. Zacks Investment Research lowered T. Rowe Price Group from a “hold” rating to a “sell” rating in a report on Thursday, January 10th. Goldman Sachs Group lowered T. Rowe Price Group from a “buy” rating to a “neutral” rating and set a $93.00 price target for the company. in a report on Friday, January 4th. Barclays boosted their price target on T. Rowe Price Group from $85.00 to $88.00 and gave the company an “underweight” rating in a report on Tuesday, February 19th. Finally, Citigroup cut their price target on T. Rowe Price Group from $105.00 to $101.00 and set a “neutral” rating for the company in a report on Wednesday, December 19th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $102.73.

NASDAQ TROW opened at $102.44 on Friday. The stock has a market capitalization of $24.20 billion, a PE ratio of 14.33, a price-to-earnings-growth ratio of 1.92 and a beta of 1.04. T. Rowe Price Group Inc has a twelve month low of $84.59 and a twelve month high of $127.43.

T. Rowe Price Group (NASDAQ:TROW) last released its quarterly earnings data on Wednesday, January 30th. The asset manager reported $1.41 earnings per share for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.25). The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.33 billion. T. Rowe Price Group had a return on equity of 29.16% and a net margin of 33.95%. The business’s revenue was up 1.1% on a year-over-year basis. During the same period last year, the company earned $1.52 EPS. On average, research analysts forecast that T. Rowe Price Group Inc will post 6.27 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be paid a $0.76 dividend. This is a positive change from T. Rowe Price Group’s previous quarterly dividend of $0.70. The ex-dividend date is Thursday, March 14th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 2.97%. T. Rowe Price Group’s dividend payout ratio is 39.16%.

In other news, VP Christopher D. Alderson sold 104,465 shares of the company’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $96.94, for a total value of $10,126,837.10. Following the completion of the transaction, the vice president now owns 401,164 shares of the company’s stock, valued at $38,888,838.16. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Edward C. Bernard sold 10,000 shares of the company’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $97.15, for a total value of $971,500.00. Following the completion of the transaction, the insider now directly owns 651,532 shares of the company’s stock, valued at approximately $63,296,333.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 117,082 shares of company stock valued at $11,361,948. Corporate insiders own 3.10% of the company’s stock.

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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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