T. Rowe Price Group, Inc. (TROW) Shares Bought by GenTrust LLC

GenTrust LLC increased its position in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 1.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 140,292 shares of the asset manager’s stock after acquiring an additional 1,401 shares during the period. T. Rowe Price Group comprises about 2.4% of GenTrust LLC’s investment portfolio, making the stock its 12th biggest holding. GenTrust LLC owned 0.06% of T. Rowe Price Group worth $12,717,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in T. Rowe Price Group by 6.5% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 62,136 shares of the asset manager’s stock valued at $5,633,000 after purchasing an additional 3,769 shares during the period. Signature Estate & Investment Advisors LLC bought a new position in shares of T. Rowe Price Group in the third quarter worth about $118,000. HighPoint Advisor Group LLC boosted its stake in shares of T. Rowe Price Group by 172.4% in the third quarter. HighPoint Advisor Group LLC now owns 15,264 shares of the asset manager’s stock worth $1,444,000 after acquiring an additional 9,661 shares during the period. Comerica Bank boosted its stake in shares of T. Rowe Price Group by 11.0% in the third quarter. Comerica Bank now owns 67,367 shares of the asset manager’s stock worth $6,226,000 after acquiring an additional 6,695 shares during the period. Finally, Teacher Retirement System of Texas bought a new position in shares of T. Rowe Price Group in the third quarter worth about $4,888,000. 72.28% of the stock is owned by institutional investors.

A number of research firms have recently weighed in on TROW. BidaskClub lowered T. Rowe Price Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 1st. Zacks Investment Research raised T. Rowe Price Group from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a research note on Tuesday, September 26th. Wells Fargo & Company reaffirmed a “market perform” rating on shares of T. Rowe Price Group in a research note on Thursday, July 27th. ValuEngine raised T. Rowe Price Group from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $96.00 price objective on shares of T. Rowe Price Group in a research note on Sunday, August 20th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. T. Rowe Price Group currently has a consensus rating of “Hold” and an average target price of $89.50.

Shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) traded up $1.07 during trading hours on Wednesday, reaching $94.48. The company had a trading volume of 1,056,200 shares, compared to its average volume of 1,684,058. T. Rowe Price Group, Inc. has a 52 week low of $65.33 and a 52 week high of $97.35. The company has a market capitalization of $22,634.18, a PE ratio of 18.24, a P/E/G ratio of 1.72 and a beta of 1.29.

T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly earnings data on Thursday, October 26th. The asset manager reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.20. T. Rowe Price Group had a return on equity of 24.76% and a net margin of 33.10%. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the prior year, the firm earned $1.17 earnings per share. T. Rowe Price Group’s revenue was up 11.8% compared to the same quarter last year. research analysts predict that T. Rowe Price Group, Inc. will post 5.29 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, December 14th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Wednesday, December 13th. This represents a $2.28 annualized dividend and a yield of 2.41%. T. Rowe Price Group’s dividend payout ratio (DPR) is presently 37.38%.

In other news, Director Anne M. Whittemore sold 4,163 shares of the stock in a transaction on Friday, September 29th. The stock was sold at an average price of $90.64, for a total transaction of $377,334.32. Following the completion of the sale, the director now owns 29,070 shares in the company, valued at approximately $2,634,904.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jessica M. Hiebler sold 1,000 shares of the stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $84.29, for a total value of $84,290.00. Following the sale, the insider now owns 8,461 shares of the company’s stock, valued at approximately $713,177.69. The disclosure for this sale can be found here. Insiders have sold a total of 18,204 shares of company stock worth $1,640,922 in the last ninety days. Insiders own 3.60% of the company’s stock.

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T. Rowe Price Group Profile

T. Rowe Price Group, Inc is a financial services holding company. The Company provides global investment management services through its subsidiaries to investors across the world. The Company provides an array of Company sponsored the United States mutual funds, other sponsored pooled investment vehicles, sub advisory services, separate account management, recordkeeping, and related services to individuals, advisors, institutions, financial intermediaries and retirement plan sponsors.

Institutional Ownership by Quarter for T. Rowe Price Group (NASDAQ:TROW)

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