Archford Capital Strategies LLC Has $290,000 Holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Archford Capital Strategies LLC decreased its holdings in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 7.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,566 shares of the asset manager’s stock after selling 200 shares during the quarter. Archford Capital Strategies LLC’s holdings in T. Rowe Price Group were worth $290,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of TROW. Iron Horse Wealth Management LLC grew its holdings in shares of T. Rowe Price Group by 90.9% during the third quarter. Iron Horse Wealth Management LLC now owns 231 shares of the asset manager’s stock worth $25,000 after purchasing an additional 110 shares during the last quarter. Hexagon Capital Partners LLC boosted its holdings in shares of T. Rowe Price Group by 54.7% during the 3rd quarter. Hexagon Capital Partners LLC now owns 294 shares of the asset manager’s stock worth $32,000 after buying an additional 104 shares in the last quarter. True Wealth Design LLC bought a new position in shares of T. Rowe Price Group during the 3rd quarter worth approximately $37,000. Larson Financial Group LLC boosted its holdings in shares of T. Rowe Price Group by 866.7% during the 3rd quarter. Larson Financial Group LLC now owns 348 shares of the asset manager’s stock worth $38,000 after buying an additional 312 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of T. Rowe Price Group during the third quarter worth approximately $43,000. Institutional investors and hedge funds own 73.39% of the company’s stock.

Insiders Place Their Bets

In other T. Rowe Price Group news, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $123.35, for a total value of $499,197.45. Following the sale, the vice president now owns 119,577 shares of the company’s stock, valued at $14,749,822.95. This trade represents a 3.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

TROW has been the topic of a number of research reports. JPMorgan Chase & Co. lowered their target price 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. TD Cowen reduced their price objective on T. Rowe Price Group from $120.00 to $116.00 and set a “hold” rating for the company in a research note on Monday, November 4th. The Goldman Sachs Group reduced their price objective on T. Rowe Price Group from $106.00 to $102.00 and set a “sell” rating for the company in a research note on Thursday, October 3rd. StockNews.com upgraded T. Rowe Price Group from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Wells Fargo & Company reduced their price objective on T. Rowe Price Group from $124.00 to $118.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $115.82.

T. Rowe Price Group Stock Performance

TROW stock opened at $114.21 on Monday. T. Rowe Price Group, Inc. has a fifty-two week low of $100.49 and a fifty-two week high of $125.81. The stock has a fifty day moving average of $117.22 and a 200-day moving average of $112.79. The company has a market capitalization of $25.37 billion, a price-to-earnings ratio of 12.50, a PEG ratio of 1.68 and a beta of 1.43.

T. Rowe Price Group (NASDAQ:TROW) last issued its earnings results on Friday, November 1st. The asset manager reported $2.57 EPS for the quarter, topping the consensus estimate of $2.36 by $0.21. T. Rowe Price Group had a return on equity of 20.35% and a net margin of 30.35%. The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter last year, the company earned $2.17 EPS. The firm’s revenue was up 6.9% compared to the same quarter last year. Equities analysts predict that T. Rowe Price Group, Inc. will post 9.45 EPS for the current year.

T. Rowe Price Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were paid a $1.24 dividend. The ex-dividend date was Friday, December 13th. This represents a $4.96 annualized dividend and a yield of 4.34%. T. Rowe Price Group’s dividend payout ratio is currently 54.27%.

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.