Asset Management One Co. Ltd. Cuts Position in T. Rowe Price Group, Inc. (TROW)

Asset Management One Co. Ltd. reduced its position in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 8.4% during the first quarter, Holdings Channel reports. The institutional investor owned 388,322 shares of the asset manager’s stock after selling 35,495 shares during the period. Asset Management One Co. Ltd.’s holdings in T. Rowe Price Group were worth $26,466,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Twin Focus Capital Partners LLC increased its position in T. Rowe Price Group by 15.3% in the fourth quarter. Twin Focus Capital Partners LLC now owns 15,100 shares of the asset manager’s stock worth $1,136,000 after buying an additional 2,000 shares in the last quarter. Daiwa Securities Group Inc. increased its position in T. Rowe Price Group by 6.3% in the first quarter. Daiwa Securities Group Inc. now owns 6,750 shares of the asset manager’s stock worth $460,000 after buying an additional 400 shares in the last quarter. Rothschild Investment Corp IL increased its position in T. Rowe Price Group by 42.0% in the first quarter. Rothschild Investment Corp IL now owns 5,750 shares of the asset manager’s stock worth $392,000 after buying an additional 1,700 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new position in T. Rowe Price Group during the fourth quarter worth about $3,269,000. Finally, British Columbia Investment Management Corp increased its position in T. Rowe Price Group by 47.4% in the first quarter. British Columbia Investment Management Corp now owns 256,180 shares of the asset manager’s stock worth $17,459,000 after buying an additional 82,409 shares in the last quarter. Institutional investors and hedge funds own 70.65% of the company’s stock.

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

Shares of T. Rowe Price Group, Inc. (TROW) traded down 0.43% during mid-day trading on Tuesday, hitting $73.71. 78,045 shares of the stock traded hands. T. Rowe Price Group, Inc. has a 12-month low of $62.97 and a 12-month high of $78.95. The firm’s 50 day moving average price is $71.52 and its 200 day moving average price is $71.81. The firm has a market cap of $17.78 billion, a price-to-earnings ratio of 14.44 and a beta of 1.27.

T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly earnings results on Tuesday, April 25th. The asset manager reported $1.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.20 by $0.02. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.10 billion. T. Rowe Price Group had a net margin of 29.59% and a return on equity of 24.24%. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.15 EPS. On average, equities research analysts predict that T. Rowe Price Group, Inc. will post $5.17 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 29th. Stockholders of record on Thursday, June 15th will be issued a $0.57 dividend. The ex-dividend date is Tuesday, June 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.08%. T. Rowe Price Group’s dividend payout ratio is presently 44.88%.

COPYRIGHT VIOLATION WARNING: This news story was originally published by Ticker Report and is owned by of Ticker Report. If you are viewing this news story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this news story can be viewed at https://www.tickerreport.com/banking-finance/2655225/asset-management-one-co-ltd-cuts-position-in-t-rowe-price-group-inc-trow.html.

A number of equities analysts have recently issued reports on the stock. BidaskClub upgraded shares of T. Rowe Price Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 14th. ValuEngine downgraded shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. TheStreet upgraded shares of T. Rowe Price Group from a “c+” rating to a “b-” rating in a research note on Friday, April 28th. Deutsche Bank AG restated a “hold” rating and issued a $71.00 target price (down from $74.00) on shares of T. Rowe Price Group in a research note on Monday, May 1st. Finally, Argus downgraded shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. T. Rowe Price Group currently has a consensus rating of “Hold” and a consensus price target of $73.18.

About T. Rowe Price Group

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:TROW”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding TROW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for T. Rowe Price Group, Inc. (NASDAQ:TROW).

Receive News & Ratings for T. Rowe Price Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for T. Rowe Price Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
President Trump Hurting Tourism in the U.S.
President Trump Hurting Tourism in the U.S.
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Blue Apron Filed Thursday for Public Offering
Blue Apron Filed Thursday for Public Offering
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Large Auto Lender Checked Just 8% of Incomes for Applicants
Large Auto Lender Checked Just 8% of Incomes for Applicants


Leave a Reply

© 2006-2017 Ticker Report. Google+.