Dorsey & Whitney Trust CO LLC Has $490,000 Stock Holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Dorsey & Whitney Trust CO LLC raised its holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 3.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 4,250 shares of the asset manager’s stock after acquiring an additional 134 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in T. Rowe Price Group were worth $490,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Nomura Asset Management Co. Ltd. raised its position in T. Rowe Price Group by 15.8% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 344,889 shares of the asset manager’s stock worth $37,141,000 after purchasing an additional 47,043 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of T. Rowe Price Group in the first quarter valued at about $1,008,000. Nebula Research & Development LLC acquired a new stake in T. Rowe Price Group during the 4th quarter valued at approximately $807,000. Fisher Asset Management LLC raised its holdings in T. Rowe Price Group by 6.6% during the 4th quarter. Fisher Asset Management LLC now owns 1,751,405 shares of the asset manager’s stock worth $188,609,000 after purchasing an additional 109,053 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in T. Rowe Price Group by 52.4% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 65,534 shares of the asset manager’s stock worth $7,990,000 after purchasing an additional 22,533 shares during the last quarter. Institutional investors own 73.39% of the company’s stock.

Insider Buying and Selling

In other T. Rowe Price Group news, VP Andrew Justin Mackenzi Thomson sold 11,969 shares of T. Rowe Price Group stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $102.83, for a total transaction of $1,230,772.27. Following the completion of the transaction, the vice president now owns 123,624 shares in the company, valued at approximately $12,712,255.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other T. Rowe Price Group news, VP Andrew Justin Mackenzi Thomson sold 11,969 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $102.83, for a total transaction of $1,230,772.27. Following the transaction, the vice president now directly owns 123,624 shares in the company, valued at approximately $12,712,255.92. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Dorothy C. Sawyer sold 2,000 shares of the company’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $117.00, for a total transaction of $234,000.00. Following the completion of the sale, the vice president now owns 34,710 shares of the company’s stock, valued at approximately $4,061,070. The disclosure for this sale can be found here. Insiders have sold 15,370 shares of company stock worth $1,627,078 in the last quarter. Insiders own 2.00% of the company’s stock.

T. Rowe Price Group Stock Performance

Shares of T. Rowe Price Group stock opened at $104.11 on Thursday. The stock has a market capitalization of $23.17 billion, a PE ratio of 12.36, a price-to-earnings-growth ratio of 1.62 and a beta of 1.41. T. Rowe Price Group, Inc. has a 52 week low of $87.43 and a 52 week high of $122.27. The stock has a 50 day moving average price of $110.02 and a two-hundred day moving average price of $113.58.

T. Rowe Price Group (NASDAQ:TROW) last posted its quarterly earnings results on Friday, July 26th. The asset manager reported $2.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.27 by ($0.01). The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.79 billion. T. Rowe Price Group had a net margin of 28.66% and a return on equity of 19.90%. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.02 EPS. Research analysts forecast that T. Rowe Price Group, Inc. will post 9 EPS for the current year.

T. Rowe Price Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be given a dividend of $1.24 per share. This represents a $4.96 annualized dividend and a dividend yield of 4.76%. The ex-dividend date is Friday, September 13th. T. Rowe Price Group’s payout ratio is presently 58.91%.

Analysts Set New Price Targets

TROW has been the subject of several recent analyst reports. Evercore ISI decreased their price objective on shares of T. Rowe Price Group from $115.00 to $108.00 and set an “in-line” rating for the company in a research report on Thursday, September 5th. Barclays initiated coverage on T. Rowe Price Group in a report on Tuesday, August 27th. They set an “underweight” rating and a $99.00 price target for the company. JPMorgan Chase & Co. boosted their price objective on T. Rowe Price Group from $102.00 to $107.00 and gave the company an “underweight” rating in a research note on Tuesday, July 23rd. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $120.00 target price (down previously from $121.00) on shares of T. Rowe Price Group in a research note on Monday, July 29th. Finally, StockNews.com lowered T. Rowe Price Group from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Four investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $113.20.

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.