XTX Topco Ltd Invests $925,000 in T. Rowe Price Group, Inc. (NASDAQ:TROW)

XTX Topco Ltd purchased a new stake in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 8,018 shares of the asset manager’s stock, valued at approximately $925,000.

A number of other institutional investors have also added to or reduced their stakes in TROW. Confluence Investment Management LLC acquired a new stake in T. Rowe Price Group in the first quarter valued at approximately $130,386,000. Norges Bank bought a new position in shares of T. Rowe Price Group in the 4th quarter valued at $80,831,000. Hsbc Holdings PLC boosted its holdings in shares of T. Rowe Price Group by 66.8% during the 4th quarter. Hsbc Holdings PLC now owns 765,080 shares of the asset manager’s stock valued at $82,434,000 after acquiring an additional 306,524 shares in the last quarter. Los Angeles Capital Management LLC boosted its holdings in shares of T. Rowe Price Group by 492.3% during the 1st quarter. Los Angeles Capital Management LLC now owns 319,887 shares of the asset manager’s stock valued at $39,001,000 after acquiring an additional 265,881 shares in the last quarter. Finally, Bank of Nova Scotia grew its position in T. Rowe Price Group by 1,278.0% during the 4th quarter. Bank of Nova Scotia now owns 252,055 shares of the asset manager’s stock worth $27,143,000 after acquiring an additional 233,763 shares during the last quarter. 73.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on TROW shares. Barclays assumed coverage on T. Rowe Price Group in a research note on Tuesday, August 27th. They set an “underweight” rating and a $99.00 price target on the stock. Evercore ISI dropped their price target 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 note on Thursday, September 5th. StockNews.com cut shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. JPMorgan Chase & Co. raised their target price on T. Rowe Price Group from $102.00 to $107.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft upped their price target on T. Rowe Price Group from $112.00 to $113.00 and gave the company a “hold” rating in a research report on Thursday, August 15th. Three investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to MarketBeat.com, T. Rowe Price Group has a consensus rating of “Hold” and a consensus price target of $113.30.

Insider Activity

In other news, insider Jessica M. Hiebler sold 1,401 shares of the firm’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $115.85, for a total value of $162,305.85. Following the completion of the sale, the insider now directly owns 14,198 shares in the company, valued at approximately $1,644,838.30. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other T. Rowe Price Group news, insider Jessica M. Hiebler sold 1,401 shares of the stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $115.85, for a total value of $162,305.85. Following the transaction, the insider now owns 14,198 shares in the company, valued at $1,644,838.30. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Jessica M. Hiebler sold 484 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $104.73, for a total value of $50,689.32. Following the sale, the insider now owns 13,939 shares of the company’s stock, valued at approximately $1,459,831.47. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,854 shares of company stock worth $1,443,767. Company insiders own 2.00% of the company’s stock.

T. Rowe Price Group Price Performance

Shares of T. Rowe Price Group stock opened at $108.29 on Friday. The firm has a market cap of $24.11 billion, a price-to-earnings ratio of 12.86, a PEG ratio of 1.69 and a beta of 1.41. The stock’s 50-day moving average is $108.80 and its 200 day moving average is $113.28. T. Rowe Price Group, Inc. has a one year low of $87.43 and a one year high of $122.27.

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 analysts’ consensus estimates of $2.27 by ($0.01). The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.79 billion. T. Rowe Price Group had a return on equity of 19.90% and a net margin of 28.66%. T. Rowe Price Group’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.02 earnings per share. On average, sell-side analysts expect that T. Rowe Price Group, Inc. will post 9 EPS for the current fiscal year.

T. Rowe Price Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be paid a $1.24 dividend. This represents a $4.96 annualized dividend and a yield of 4.58%. The ex-dividend date is Friday, September 13th. T. Rowe Price Group’s dividend payout ratio (DPR) is currently 58.91%.

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.