T. Rowe Price Group, Inc. (TROW) is Vaughan David Investments Inc. IL’s 10th Largest Position

Vaughan David Investments Inc. IL lifted its position in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 61.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 384,746 shares of the asset manager’s stock after buying an additional 146,519 shares during the quarter. T. Rowe Price Group makes up approximately 1.7% of Vaughan David Investments Inc. IL’s portfolio, making the stock its 10th biggest holding. Vaughan David Investments Inc. IL owned approximately 0.16% of T. Rowe Price Group worth $34,489,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Sheets Smith Wealth Management lifted its holdings in shares of T. Rowe Price Group by 0.7% in the second quarter. Sheets Smith Wealth Management now owns 5,292 shares of the asset manager’s stock worth $393,000 after buying an additional 38 shares in the last quarter. Good Life Advisors LLC lifted its holdings in shares of T. Rowe Price Group by 1.1% in the second quarter. Good Life Advisors LLC now owns 4,650 shares of the asset manager’s stock worth $359,000 after buying an additional 52 shares in the last quarter. GHP Investment Advisors Inc. lifted its holdings in shares of T. Rowe Price Group by 0.3% in the second quarter. GHP Investment Advisors Inc. now owns 19,549 shares of the asset manager’s stock worth $1,451,000 after buying an additional 53 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA raised its stake in T. Rowe Price Group by 0.7% in the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 11,027 shares of the asset manager’s stock valued at $818,000 after purchasing an additional 75 shares in the last quarter. Finally, Pacer Advisors Inc. raised its stake in T. Rowe Price Group by 1.5% in the second quarter. Pacer Advisors Inc. now owns 5,259 shares of the asset manager’s stock valued at $390,000 after purchasing an additional 77 shares in the last quarter. 72.28% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) traded up $1.18 during trading on Friday, hitting $95.53. 981,400 shares of the stock traded hands, compared to its average volume of 1,677,861. T. Rowe Price Group, Inc. has a 1 year low of $65.33 and a 1 year high of $97.35. The company has a market capitalization of $23,150.00, a PE ratio of 18.43, a price-to-earnings-growth ratio of 1.73 and a beta of 1.28.

T. Rowe Price Group (NASDAQ:TROW) last issued its earnings results 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 net margin of 33.10% and a return on equity of 24.76%. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter last year, the business earned $1.17 earnings per share. The business’s revenue was up 11.8% on a year-over-year basis. sell-side analysts predict that T. Rowe Price Group, Inc. will post 5.29 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 14th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend is Wednesday, December 13th. T. Rowe Price Group’s dividend payout ratio is 37.32%.

TROW has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of T. Rowe Price Group from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a research note on Tuesday, September 12th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $96.00 target price on shares of T. Rowe Price Group in a research note on Sunday, August 20th. ValuEngine raised shares of T. Rowe Price Group from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. BidaskClub downgraded shares of T. Rowe Price Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 1st. Finally, The Goldman Sachs Group, Inc. raised shares of T. Rowe Price Group from a “neutral” rating to a “buy” rating and raised their target price for the company from $85.00 to $100.00 in a research note on Thursday, September 28th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. T. Rowe Price Group presently has a consensus rating of “Hold” and a consensus price target of $89.50.

In other news, Director Anne M. Whittemore sold 4,163 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $90.64, for a total value of $377,334.32. Following the transaction, the director now owns 29,070 shares in the company, valued at $2,634,904.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jessica M. Hiebler sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $84.29, for a total transaction of $84,290.00. Following the completion of the transaction, the insider now owns 8,461 shares in the company, valued at approximately $713,177.69. The disclosure for this sale can be found here. Insiders sold 18,204 shares of company stock worth $1,640,922 in the last 90 days. Company insiders own 3.60% of the company’s stock.

About T. Rowe Price Group

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.

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

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