2 weeks Ago By ABMN Staff
Federated Hermes Inc. increased its position in T. Rowe Price Group, Inc.
( NASDAQ:TROW – Free Report ) by 139.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,979 shares of the asset manager’s stock after purchasing an additional 1,151 shares during the quarter.
Federated Hermes Inc.’s holdings in T. Rowe Price Group were worth $224,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. PARK CIRCLE Co boosted its stake in T. Rowe Price Group by 1.
9% in the fourth quarter. PARK CIRCLE Co now owns 53,545 shares of the asset manager’s stock valued at $6,055,000 after acquiring an additional 995 shares during the last quarter. Envestnet Asset Management Inc.
grew its stake in shares of T. Rowe Price Group by 8.4% during the fourth quarter.
Envestnet Asset Management Inc. now owns 147,010 shares of the asset manager’s stock worth $16,625,000 after purchasing an additional 11,409 shares during the period. Wedbush Securities Inc.
lifted its stake in T. Rowe Price Group by 6.1% in the fourth quarter.
Wedbush Securities Inc. now owns 8,318 shares of the asset manager’s stock valued at $941,000 after buying an additional 475 shares during the period. Dynamic Technology Lab Private Ltd boosted its holdings in T.
Rowe Price Group by 31.9% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 3,580 shares of the asset manager’s stock worth $405,000 after buying an additional 866 shares during the last quarter.
Finally, Aviva PLC increased its stake in shares of T. Rowe Price Group by 858.8% in the 4th quarter.
Aviva PLC now owns 139,279 shares of the asset manager’s stock valued at $15,751,000 after acquiring an additional 124,752 shares during the last quarter. 73.39% of the stock is owned by institutional investors.
T. Rowe Price Group Stock Performance TROW opened at $86.11 on Friday.
The stock has a fifty day moving average of $95.65 and a 200-day moving average of $108.40.
T. Rowe Price Group, Inc. has a fifty-two week low of $77.
85 and a fifty-two week high of $125.81. The company has a market capitalization of $19.
14 billion, a P/E ratio of 9.40, a P/E/G ratio of 2.86 and a beta of 1.
50. T. Rowe Price Group Increases Dividend The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th.
Shareholders of record on Friday, March 14th were paid a dividend of $1.27 per share. The ex-dividend date of this dividend was Friday, March 14th.
This is a boost from T. Rowe Price Group’s previous quarterly dividend of $1.24.
This represents a $5.08 annualized dividend and a yield of 5.90%.
T. Rowe Price Group’s dividend payout ratio is presently 55.46%.
Insider Buying and Selling at T. Rowe Price Group In other news, Director Robert F. Maclellan sold 3,955 shares of the business’s stock in a transaction dated Monday, March 31st.
The stock was sold at an average price of $91.56, for a total transaction of $362,119.80.
Following the sale, the director now directly owns 42,979 shares in the company, valued at approximately $3,935,157.24. The trade was a 8.
43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website . Also, VP Arif Husain sold 4,112 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th.
The shares were sold at an average price of $109.27, for a total transaction of $449,318.24.
Following the completion of the transaction, the vice president now owns 36,800 shares of the company’s stock, valued at approximately $4,021,136. This trade represents a 10.05 % decrease in their position.
The disclosure for this sale can be found here . Company insiders own 2.00% of the company’s stock.
Analyst Ratings Changes A number of brokerages have recently weighed in on TROW. Morgan Stanley reduced their price target on shares of T. Rowe Price Group from $126.
00 to $121.00 and set an “equal weight” rating on the stock in a research report on Monday, February 24th. Barclays lowered their price target on T.
Rowe Price Group from $105.00 to $85.00 and set an “underweight” rating for the company in a report on Wednesday.
Bank of America decreased their price objective on T. Rowe Price Group from $90.00 to $85.
00 and set an “underperform” rating for the company in a research report on Thursday, April 3rd. StockNews.com lowered shares of T.
Rowe Price Group from a “buy” rating to a “hold” rating in a research note on Sunday, February 2nd. Finally, TD Cowen dropped their price objective on shares of T. Rowe Price Group from $112.
00 to $89.00 and set a “hold” rating on the stock in a report on Wednesday, April 9th. Four investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock.
According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $96.00. View Our Latest Research Report on TROW T.
Rowe Price Group Company Profile ( Free Report ) 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. See Also Receive News & Ratings for T.
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