Olympiad Research LP Invests $238,000 in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Olympiad Research LP bought a new position in T. Rowe Price Group, Inc. (NASDAQ:TROW) during the 4th quarter, Holdings Channel.com reports. The firm bought 2,106 shares of the asset manager’s stock, valued at approximately $238,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Sigma Planning Corp grew its holdings in shares of T. Rowe Price Group by 4.2% in the fourth quarter. Sigma Planning Corp now owns 14,251 shares of the asset manager’s stock worth $1,612,000 after purchasing an additional 575 shares during the last quarter. Advantage Trust Co grew its holdings in shares of T. Rowe Price Group by 48.8% in the fourth quarter. Advantage Trust Co now owns 305 shares of the asset manager’s stock worth $34,000 after purchasing an additional 100 shares during the last quarter. PYA Waltman Capital LLC grew its holdings in shares of T. Rowe Price Group by 2.2% in the fourth quarter. PYA Waltman Capital LLC now owns 17,053 shares of the asset manager’s stock worth $1,929,000 after purchasing an additional 371 shares during the last quarter. Nicholson Wealth Management Group LLC grew its holdings in shares of T. Rowe Price Group by 122.9% in the fourth quarter. Nicholson Wealth Management Group LLC now owns 12,988 shares of the asset manager’s stock worth $1,469,000 after purchasing an additional 7,162 shares during the last quarter. Finally, Mattern Capital Management LLC grew its holdings in shares of T. Rowe Price Group by 2.5% in the fourth quarter. Mattern Capital Management LLC now owns 74,212 shares of the asset manager’s stock worth $8,393,000 after purchasing an additional 1,837 shares during the last quarter. Institutional investors own 73.39% of the company’s stock.

Insider Activity

In other news, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $123.35, for a total transaction of $499,197.45. Following the completion of the transaction, the vice president now directly owns 119,577 shares in the company, valued at $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 Securities & Exchange Commission, which is available through the SEC website. Also, VP Arif Husain sold 4,112 shares of the firm’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $109.27, for a total value of $449,318.24. Following the transaction, the vice president now owns 36,800 shares of the company’s stock, valued at $4,021,136. The trade was a 10.05 % 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.

Analyst Ratings Changes

Several research analysts have recently issued reports on TROW shares. StockNews.com cut shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a report on Sunday, February 2nd. Wells Fargo & Company dropped their price target on T. Rowe Price Group from $118.00 to $116.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. JPMorgan Chase & Co. dropped their price target on T. Rowe Price Group from $116.00 to $115.00 and set an “underweight” rating for the company in a research note on Monday, November 4th. Evercore ISI raised their price target on T. Rowe Price Group from $112.00 to $113.00 and gave the stock an “in-line” rating in a research note on Thursday, November 7th. Finally, TD Cowen dropped their price target on 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 equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. Based on data from MarketBeat.com, T. Rowe Price Group presently has a consensus rating of “Hold” and an average target price of $115.09.

T. Rowe Price Group Trading Down 2.0 %

Shares of T. Rowe Price Group stock opened at $106.27 on Monday. The firm has a market capitalization of $23.66 billion, a P/E ratio of 11.60, a P/E/G ratio of 2.86 and a beta of 1.44. The business has a fifty day simple moving average of $112.79 and a two-hundred day simple moving average of $112.42. T. Rowe Price Group, Inc. has a 12 month low of $100.49 and a 12 month high of $125.81.

T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly earnings data on Wednesday, February 5th. The asset manager reported $2.12 EPS for the quarter, missing the consensus estimate of $2.20 by ($0.08). T. Rowe Price Group had a net margin of 29.61% and a return on equity of 20.83%. During the same period in the previous year, the business posted $1.72 EPS. Analysts predict that T. Rowe Price Group, Inc. will post 9.29 earnings per share for the current year.

T. Rowe Price Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $1.27 per share. The ex-dividend date is Friday, March 14th. This is an increase from T. Rowe Price Group’s previous quarterly dividend of $1.24. This represents a $5.08 annualized dividend and a dividend yield of 4.78%. T. Rowe Price Group’s dividend payout ratio (DPR) is presently 54.15%.

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.