WINTON GROUP Ltd Has $437,000 Position in T. Rowe Price Group, Inc. (TROW)

WINTON GROUP Ltd lessened its holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 60.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,817 shares of the asset manager’s stock after selling 7,301 shares during the period. WINTON GROUP Ltd’s holdings in T. Rowe Price Group were worth $437,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of TROW. Bronfman E.L. Rothschild L.P. grew its position in T. Rowe Price Group by 6.9% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,593 shares of the asset manager’s stock worth $118,000 after purchasing an additional 103 shares in the last quarter. Signature Estate & Investment Advisors LLC bought a new stake in T. Rowe Price Group in the 3rd quarter worth about $118,000. Quadrant Capital Group LLC grew its position in T. Rowe Price Group by 5.4% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,749 shares of the asset manager’s stock worth $121,000 after purchasing an additional 89 shares in the last quarter. Sun Life Financial INC grew its position in T. Rowe Price Group by 19,500.0% in the 2nd quarter. Sun Life Financial INC now owns 1,764 shares of the asset manager’s stock worth $131,000 after purchasing an additional 1,755 shares in the last quarter. Finally, Mckinley Capital Management LLC Delaware bought a new stake in T. Rowe Price Group in the 2nd quarter worth about $152,000. Institutional investors own 72.21% of the company’s stock.

A number of brokerages have issued reports on TROW. Zacks Investment Research downgraded shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a research report on Wednesday. UBS upped their price objective on shares of T. Rowe Price Group from $69.00 to $72.00 and gave the stock a “sell” rating in a research report on Friday, October 27th. Barclays upped their price objective on shares of T. Rowe Price Group from $79.00 to $84.00 and gave the stock an “underweight” rating in a research report on Friday, October 27th. Citigroup upped their price objective on shares of T. Rowe Price Group from $94.00 to $95.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $104.00 price objective (up from $96.00) on shares of T. Rowe Price Group in a research report on Tuesday, October 10th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $89.67.

In other news, CEO William J. Stromberg sold 30,000 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $97.09, for a total transaction of $2,912,700.00. Following the completion of the transaction, the chief executive officer now directly owns 534,077 shares of the company’s stock, valued at approximately $51,853,535.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kenneth V. Moreland sold 15,082 shares of the stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $99.44, for a total transaction of $1,499,754.08. Following the transaction, the chief financial officer now directly owns 110,182 shares of the company’s stock, valued at $10,956,498.08. The disclosure for this sale can be found here. Insiders have sold a total of 81,705 shares of company stock valued at $7,861,938 over the last three months. Insiders own 3.60% of the company’s stock.

T. Rowe Price Group, Inc. (NASDAQ:TROW) opened at $102.75 on Friday. T. Rowe Price Group, Inc. has a 52-week low of $65.33 and a 52-week high of $104.40. The firm has a market cap of $24,664.73, a P/E ratio of 19.88, a PEG ratio of 1.87 and a beta of 1.32.

T. Rowe Price Group (NASDAQ:TROW) last released its earnings results on Thursday, October 26th. The asset manager reported $1.56 earnings per share for the quarter, beating the Zacks’ 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 during the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the firm earned $1.17 EPS. The company’s revenue was up 11.8% compared to the same quarter last year. equities analysts anticipate that T. Rowe Price Group, Inc. will post 5.29 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 14th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend is Wednesday, December 13th. T. Rowe Price Group’s dividend payout ratio is currently 37.38%.

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T. Rowe Price Group Profile

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.

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

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