T. Rowe Price Group, Inc. (NASDAQ:TROW) Shares Sold by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI lessened its position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 29.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 2,067 shares of the asset manager’s stock after selling 850 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in T. Rowe Price Group were worth $225,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its holdings in shares of T. Rowe Price Group by 0.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 295,449 shares of the asset manager’s stock worth $36,022,000 after purchasing an additional 2,323 shares during the period. Public Employees Retirement System of Ohio grew its position in shares of T. Rowe Price Group by 9.1% during the 1st quarter. Public Employees Retirement System of Ohio now owns 161,979 shares of the asset manager’s stock valued at $19,748,000 after buying an additional 13,468 shares during the last quarter. Paloma Partners Management Co raised its stake in T. Rowe Price Group by 148.7% during the first quarter. Paloma Partners Management Co now owns 5,703 shares of the asset manager’s stock worth $695,000 after acquiring an additional 17,403 shares during the period. Caxton Associates LP lifted its holdings in T. Rowe Price Group by 124.6% in the first quarter. Caxton Associates LP now owns 16,782 shares of the asset manager’s stock worth $2,046,000 after acquiring an additional 9,310 shares during the last quarter. Finally, Kinloch Capital LLC boosted its stake in T. Rowe Price Group by 27.4% in the first quarter. Kinloch Capital LLC now owns 32,082 shares of the asset manager’s stock valued at $3,911,000 after acquiring an additional 6,896 shares during the period. 73.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. The Goldman Sachs Group cut their price target on T. Rowe Price Group from $106.00 to $102.00 and set a “sell” rating on the stock in a report on Thursday, October 3rd. JPMorgan Chase & Co. reduced their price target on shares of T. Rowe Price Group from $116.00 to $115.00 and set an “underweight” rating for the company in a report on Monday, November 4th. Wells Fargo & Company lifted their price objective on shares of T. Rowe Price Group from $109.00 to $112.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 9th. Barclays upped their target price on shares of T. Rowe Price Group from $101.00 to $110.00 and gave the stock an “underweight” rating in a research report on Monday, November 4th. Finally, StockNews.com cut T. Rowe Price Group from a “buy” rating to a “hold” rating in a report on Monday, July 29th. Four investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $115.55.

Insider Transactions at T. Rowe Price Group

In other news, VP Andrew Justin Mackenzi Thomson sold 11,969 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $102.83, for a total transaction of $1,230,772.27. Following the completion of the sale, the vice president now directly owns 123,624 shares of the company’s stock, valued at $12,712,255.92. This trade represents a 8.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 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. This trade represents a 3.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

T. Rowe Price Group Price Performance

Shares of NASDAQ:TROW opened at $119.84 on Friday. The stock’s 50 day moving average price is $112.20 and its 200 day moving average price is $112.44. The stock has a market cap of $26.62 billion, a price-to-earnings ratio of 13.11, a PEG ratio of 1.68 and a beta of 1.41. T. Rowe Price Group, Inc. has a 12 month low of $96.48 and a 12 month high of $122.27.

T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly earnings data on Friday, November 1st. The asset manager reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.21. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.84 billion. T. Rowe Price Group had a return on equity of 20.35% and a net margin of 30.35%. The company’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.17 earnings per share. On average, sell-side analysts expect that T. Rowe Price Group, Inc. will post 9.33 EPS for the current year.

T. Rowe Price Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a dividend of $1.24 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.96 annualized dividend and a dividend yield of 4.14%. T. Rowe Price Group’s dividend payout ratio (DPR) is 54.27%.

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.