Cwm LLC Has $16.24 Million Stock Holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Cwm LLC decreased its stake in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 0.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 149,069 shares of the asset manager’s stock after selling 1,092 shares during the quarter. Cwm LLC owned 0.07% of T. Rowe Price Group worth $16,238,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in TROW. Ashton Thomas Private Wealth LLC bought a new stake in T. Rowe Price Group in the first quarter valued at about $1,008,000. Fisher Asset Management LLC lifted its position in shares of T. Rowe Price Group by 6.6% during the 4th quarter. Fisher Asset Management LLC now owns 1,751,405 shares of the asset manager’s stock worth $188,609,000 after buying an additional 109,053 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in shares of T. Rowe Price Group by 52.4% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 65,534 shares of the asset manager’s stock worth $7,990,000 after buying an additional 22,533 shares during the period. Norden Group LLC acquired a new stake in T. Rowe Price Group in the 1st quarter valued at $8,437,000. Finally, Forsta AP Fonden grew its position in T. Rowe Price Group by 32.3% in the second quarter. Forsta AP Fonden now owns 70,100 shares of the asset manager’s stock valued at $8,083,000 after acquiring an additional 17,100 shares during the period. Institutional investors own 73.39% of the company’s stock.

T. Rowe Price Group Trading Up 0.5 %

Shares of TROW opened at $108.00 on Friday. T. Rowe Price Group, Inc. has a 1-year low of $87.43 and a 1-year high of $122.27. The company has a market cap of $24.04 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 1.78 and a beta of 1.41. The company’s fifty day simple moving average is $106.78 and its 200 day simple moving average is $112.45.

T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly earnings data on Friday, July 26th. The asset manager reported $2.26 earnings per share for the quarter, missing the consensus estimate of $2.27 by ($0.01). T. Rowe Price Group had a net margin of 28.66% and a return on equity of 19.90%. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same period in the prior year, the firm earned $2.02 earnings per share. T. Rowe Price Group’s revenue was up 7.6% on a year-over-year basis. As a group, research analysts forecast that T. Rowe Price Group, Inc. will post 9.02 earnings per share for the current year.

T. Rowe Price Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a dividend of $1.24 per share. This represents a $4.96 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date was Friday, September 13th. T. Rowe Price Group’s dividend payout ratio (DPR) is presently 58.56%.

Insider Buying and Selling

In other news, insider Jessica M. Hiebler sold 484 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $104.73, for a total transaction of $50,689.32. Following the completion of the transaction, the insider now owns 13,939 shares of the company’s stock, valued at approximately $1,459,831.47. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other T. Rowe Price Group news, VP Andrew Justin Mackenzi Thomson sold 11,969 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $102.83, for a total value of $1,230,772.27. Following the completion of the transaction, the vice president now owns 123,624 shares of the company’s stock, valued at $12,712,255.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jessica M. Hiebler sold 484 shares of T. Rowe Price Group stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $104.73, for a total value of $50,689.32. Following the sale, the insider now directly owns 13,939 shares in the company, valued at $1,459,831.47. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on TROW shares. JPMorgan Chase & Co. increased their target price on shares of T. Rowe Price Group from $102.00 to $107.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 23rd. TD Cowen dropped their price target on T. Rowe Price Group from $123.00 to $118.00 and set a “hold” rating for the company in a report on Monday, July 29th. Wells Fargo & Company increased their target price on T. Rowe Price Group from $109.00 to $112.00 and gave the stock an “equal weight” rating in a report on Wednesday. Evercore ISI raised their price target on shares of T. Rowe Price Group from $108.00 to $109.00 and gave the company an “in-line” rating in a report on Friday, October 4th. Finally, Barclays began coverage on shares of T. Rowe Price Group in a research report on Tuesday, August 27th. They set an “underweight” rating and a $99.00 target price on the stock. Four analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $112.64.

About T. Rowe Price Group

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.