West Oak Capital LLC Has $787,000 Stake in T. Rowe Price Group, Inc. (NASDAQ:TROW)

West Oak Capital LLC cut its holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 4.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,125 shares of the asset manager’s stock after selling 355 shares during the period. West Oak Capital LLC’s holdings in T. Rowe Price Group were worth $787,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in TROW. Simmons Bank increased its stake in T. Rowe Price Group by 23.0% during the third quarter. Simmons Bank now owns 3,503 shares of the asset manager’s stock valued at $367,000 after acquiring an additional 656 shares during the period. Nordea Investment Management AB raised its stake in shares of T. Rowe Price Group by 3.5% in the fourth quarter. Nordea Investment Management AB now owns 317,349 shares of the asset manager’s stock valued at $34,299,000 after purchasing an additional 10,680 shares in the last quarter. Vest Financial LLC boosted its stake in T. Rowe Price Group by 48.8% during the fourth quarter. Vest Financial LLC now owns 280,552 shares of the asset manager’s stock worth $30,213,000 after buying an additional 92,059 shares in the last quarter. Neo Ivy Capital Management bought a new position in shares of T. Rowe Price Group during the 2nd quarter worth about $1,196,000. Finally, Nomura Asset Management Co. Ltd. boosted its position in shares of T. Rowe Price Group by 11.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 297,846 shares of the asset manager’s stock valued at $31,235,000 after acquiring an additional 30,899 shares in the last quarter. Institutional investors and hedge funds own 73.39% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on TROW shares. Wells Fargo & Company raised their price target on shares of T. Rowe Price Group from $105.00 to $108.00 and gave the stock an “underweight” rating in a research note on Friday, February 9th. UBS Group increased their target price on T. Rowe Price Group from $86.00 to $102.00 and gave the stock a “sell” rating in a report on Wednesday, January 10th. JPMorgan Chase & Co. boosted their price target on T. Rowe Price Group from $90.00 to $94.00 and gave the company an “underweight” rating in a research note on Friday, February 9th. TD Cowen began coverage on T. Rowe Price Group in a research note on Thursday, January 4th. They set an “underperform” rating and a $88.00 price objective for the company. Finally, Morgan Stanley boosted their target price on shares of T. Rowe Price Group from $101.00 to $106.00 and gave the company an “equal weight” rating in a research note on Friday, January 19th. Six equities research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $97.30.

T. Rowe Price Group Trading Up 0.7 %

Shares of TROW traded up $0.89 on Thursday, reaching $121.75. 244,251 shares of the company’s stock were exchanged, compared to its average volume of 1,410,778. T. Rowe Price Group, Inc. has a 12 month low of $87.43 and a 12 month high of $132.76. The stock has a market capitalization of $27.23 billion, a P/E ratio of 15.71, a price-to-earnings-growth ratio of 2.35 and a beta of 1.39. The business has a 50 day moving average price of $112.11 and a two-hundred day moving average price of $105.55.

T. Rowe Price Group (NASDAQ:TROW) last posted its quarterly earnings results on Thursday, February 8th. The asset manager reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.12. T. Rowe Price Group had a return on equity of 18.41% and a net margin of 27.69%. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the prior year, the business posted $1.74 EPS. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. Equities research analysts predict that T. Rowe Price Group, Inc. will post 7.75 EPS for the current year.

T. Rowe Price Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Friday, March 15th will be paid a $1.24 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This is a boost from T. Rowe Price Group’s previous quarterly dividend of $1.22. This represents a $4.96 dividend on an annualized basis and a dividend yield of 4.07%. T. Rowe Price Group’s dividend payout ratio is 63.92%.

Insider Activity at T. Rowe Price Group

In related news, Director Freeman A. Hrabowski III sold 8,740 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $118.32, for a total transaction of $1,034,116.80. Following the completion of the transaction, the director now owns 21,073 shares in the company, valued at $2,493,357.36. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Freeman A. Hrabowski III sold 8,740 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $118.32, for a total transaction of $1,034,116.80. Following the completion of the sale, the director now directly owns 21,073 shares of the company’s stock, valued at approximately $2,493,357.36. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jessica M. Hiebler sold 1,138 shares of T. Rowe Price Group stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $107.13, for a total transaction of $121,913.94. Following the completion of the transaction, the insider now directly owns 14,113 shares in the company, valued at approximately $1,511,925.69. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.

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.