UMB Bank n.a. Has $801,000 Stock Position in T. Rowe Price Group, Inc. (NASDAQ:TROW)

UMB Bank n.a. lessened its holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 3.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,084 shares of the asset manager’s stock after selling 259 shares during the quarter. UMB Bank n.a.’s holdings in T. Rowe Price Group were worth $801,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. AE Wealth Management LLC bought a new position in T. Rowe Price Group in the second quarter valued at about $305,000. Pacer Advisors Inc. increased its position in T. Rowe Price Group by 10.7% during the 2nd quarter. Pacer Advisors Inc. now owns 19,422 shares of the asset manager’s stock worth $2,240,000 after purchasing an additional 1,873 shares in the last quarter. Summit Trail Advisors LLC increased its position in T. Rowe Price Group by 31.5% during the 2nd quarter. Summit Trail Advisors LLC now owns 4,025 shares of the asset manager’s stock worth $464,000 after purchasing an additional 963 shares in the last quarter. Ensign Peak Advisors Inc lifted its stake in T. Rowe Price Group by 1.0% in the 2nd quarter. Ensign Peak Advisors Inc now owns 139,296 shares of the asset manager’s stock valued at $16,062,000 after purchasing an additional 1,425 shares during the last quarter. Finally, Epoch Investment Partners Inc. boosted its position in T. Rowe Price Group by 3.6% in the second quarter. Epoch Investment Partners Inc. now owns 5,594 shares of the asset manager’s stock valued at $645,000 after buying an additional 196 shares in the last quarter. Institutional investors own 73.39% of the company’s stock.

Insider Buying and Selling at T. Rowe Price Group

In other T. Rowe Price Group news, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $123.35, for a total value of $499,197.45. Following the completion of the sale, the vice president now owns 119,577 shares of the company’s stock, valued at approximately $14,749,822.95. This trade represents a 3.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.00% of the company’s stock.

T. Rowe Price Group Trading Up 0.5 %

TROW stock opened at $113.80 on Wednesday. The firm has a market cap of $25.28 billion, a PE ratio of 12.45, a price-to-earnings-growth ratio of 1.67 and a beta of 1.43. The stock has a 50-day moving average price of $117.62 and a 200-day moving average price of $112.80. T. Rowe Price Group, Inc. has a 1-year low of $100.49 and a 1-year high of $125.81.

T. Rowe Price Group (NASDAQ:TROW) last issued its quarterly earnings results on Friday, November 1st. The asset manager reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.21. The firm had revenue of $1.79 billion for 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.17 earnings per share. On average, analysts forecast that T. Rowe Price Group, Inc. will post 9.45 earnings per share for the current year.

T. Rowe Price Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were issued a $1.24 dividend. This represents a $4.96 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date of this dividend was Friday, December 13th. T. Rowe Price Group’s payout ratio is 54.27%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on TROW shares. StockNews.com downgraded T. Rowe Price Group from a “buy” rating to a “hold” rating in a report on Friday, January 17th. Morgan Stanley boosted their price target on T. Rowe Price Group from $129.00 to $132.00 and gave the stock an “equal weight” rating in a report on Friday, December 20th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of T. Rowe Price Group from $115.00 to $120.00 and gave the company a “hold” rating in a report on Monday, November 11th. Evercore ISI boosted their target price on shares of T. Rowe Price Group from $112.00 to $113.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. Finally, TD Cowen dropped their price target on shares of T. Rowe Price Group from $120.00 to $116.00 and set a “hold” rating for the company in a research note on Monday, November 4th. Four research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to data from MarketBeat.com, T. Rowe Price Group currently has an average rating of “Hold” and an average target price of $115.82.

T. Rowe Price Group 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.