T. Rowe Price Group, Inc. (NASDAQ:TROW) Shares Acquired by Argent Advisors Inc.

Argent Advisors Inc. lifted its holdings in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 5.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,905 shares of the asset manager’s stock after buying an additional 490 shares during the quarter. Argent Advisors Inc.’s holdings in T. Rowe Price Group were worth $1,007,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Curio Wealth LLC acquired a new position in T. Rowe Price Group in the 4th quarter valued at $27,000. Creative Financial Designs Inc. ADV raised its stake in T. Rowe Price Group by 2.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 9,242 shares of the asset manager’s stock valued at $1,045,000 after purchasing an additional 192 shares during the last quarter. SlateStone Wealth LLC raised its stake in T. Rowe Price Group by 3.4% in the 4th quarter. SlateStone Wealth LLC now owns 7,685 shares of the asset manager’s stock valued at $869,000 after purchasing an additional 250 shares during the last quarter. GWN Securities Inc. acquired a new position in T. Rowe Price Group in the 4th quarter valued at $234,000. Finally, Glenview Trust co raised its stake in T. Rowe Price Group by 2.2% in the 4th quarter. Glenview Trust co now owns 4,318 shares of the asset manager’s stock valued at $488,000 after purchasing an additional 92 shares during the last quarter. 73.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity at T. Rowe Price Group

In related news, VP Arif Husain sold 4,112 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The stock was 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 directly owns 36,800 shares in the company, valued at $4,021,136. This trade represents a 10.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on TROW. Morgan Stanley reduced their price objective on T. Rowe Price Group from $126.00 to $121.00 and set an “equal weight” rating for the company in a research note on Monday, February 24th. Wells Fargo & Company reduced their price objective on T. Rowe Price Group from $118.00 to $116.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. StockNews.com downgraded T. Rowe Price Group from a “buy” rating to a “hold” rating in a research note on Sunday, February 2nd. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $113.00 target price (up from $111.00) on shares of T. Rowe Price Group in a research note on Thursday, February 6th. Finally, Barclays cut their target price on T. Rowe Price Group from $113.00 to $105.00 and set an “underweight” rating for the company in a research note on Thursday, February 6th. Four research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $114.09.

T. Rowe Price Group Trading Up 1.4 %

NASDAQ TROW opened at $94.31 on Tuesday. The stock has a market cap of $21.00 billion, a PE ratio of 10.30, a P/E/G ratio of 2.86 and a beta of 1.46. T. Rowe Price Group, Inc. has a twelve month low of $91.37 and a twelve month high of $125.81. The stock has a fifty day simple moving average of $107.87 and a 200-day simple moving average of $111.57.

T. Rowe Price Group (NASDAQ:TROW) last released its quarterly earnings results on Wednesday, February 5th. The asset manager reported $2.12 earnings per share for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.08). T. Rowe Price Group had a return on equity of 20.83% and a net margin of 29.61%. During the same period in the previous year, the firm earned $1.72 EPS. Research analysts predict that T. Rowe Price Group, Inc. will post 9.29 EPS for the current year.

T. Rowe Price Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $1.27 per share. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from T. Rowe Price Group’s previous quarterly dividend of $1.24. This represents a $5.08 dividend on an annualized basis and a dividend yield of 5.39%. T. Rowe Price Group’s dividend payout ratio is currently 55.46%.

T. Rowe Price Group 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.