Czech National Bank Raises Stake in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Czech National Bank raised its position in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 6.2% during the fourth quarter, HoldingsChannel reports. The firm owned 48,169 shares of the asset manager’s stock after buying an additional 2,824 shares during the quarter. Czech National Bank’s holdings in T. Rowe Price Group were worth $5,447,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of TROW. Acadian Asset Management LLC purchased a new stake in T. Rowe Price Group during the 2nd quarter worth about $401,000. Dimensional Fund Advisors LP raised its position in shares of T. Rowe Price Group by 15.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,611,307 shares of the asset manager’s stock worth $185,810,000 after acquiring an additional 220,105 shares in the last quarter. Bradley Foster & Sargent Inc. CT lifted its stake in T. Rowe Price Group by 3.1% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 10,214 shares of the asset manager’s stock worth $1,178,000 after purchasing an additional 310 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its stake in T. Rowe Price Group by 19.3% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 146,849 shares of the asset manager’s stock worth $16,933,000 after purchasing an additional 23,745 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in T. Rowe Price Group by 36.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 31,221 shares of the asset manager’s stock valued at $3,600,000 after purchasing an additional 8,283 shares in the last quarter. 73.39% of the stock is currently owned by institutional investors and hedge funds.

T. Rowe Price Group Price Performance

T. Rowe Price Group stock opened at $113.32 on Thursday. T. Rowe Price Group, Inc. has a 12 month low of $100.49 and a 12 month high of $125.81. The company has a market cap of $25.18 billion, a price-to-earnings ratio of 12.40, a price-to-earnings-growth ratio of 1.73 and a beta of 1.43. The stock’s 50-day moving average is $118.12 and its 200-day moving average is $112.86.

T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly earnings results on Friday, November 1st. The asset manager reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.36 by $0.21. T. Rowe Price Group had a net margin of 30.35% and a return on equity of 20.35%. The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same period in the prior year, the company earned $2.17 EPS. The firm’s revenue was up 6.9% on a year-over-year basis. Research analysts anticipate that T. Rowe Price Group, Inc. will post 9.39 EPS for the current year.

T. Rowe Price Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were issued a $1.24 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.96 dividend on an annualized basis and a yield of 4.38%. T. Rowe Price Group’s dividend payout ratio is currently 54.27%.

Insider Buying and Selling at T. Rowe Price Group

In other news, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of the stock in a transaction that occurred 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 approximately $14,749,822.95. This represents a 3.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

TROW has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of T. Rowe Price Group from $115.00 to $120.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Wells Fargo & Company cut their target price on T. Rowe Price Group from $124.00 to $118.00 and set an “equal weight” rating on the stock in a research report on Tuesday. StockNews.com cut T. Rowe Price Group from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. JPMorgan Chase & Co. cut their price target on T. Rowe Price Group from $116.00 to $115.00 and set an “underweight” rating on the stock in a research report on Monday, November 4th. Finally, Barclays boosted their price objective on T. Rowe Price Group from $110.00 to $115.00 and gave the company an “underweight” rating in a research note on Monday, December 9th. Four 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, the stock presently has an average rating of “Hold” and an average target price of $116.00.

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.