Mather Group LLC. Has $15.13 Million Holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Mather Group LLC. lowered its stake in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 0.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 124,116 shares of the asset manager’s stock after selling 279 shares during the period. Mather Group LLC.’s holdings in T. Rowe Price Group were worth $15,132,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Creative Financial Designs Inc. ADV lifted its position in shares of T. Rowe Price Group by 83.5% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 233 shares of the asset manager’s stock worth $25,000 after purchasing an additional 106 shares during the last quarter. First United Bank & Trust acquired a new position in shares of T. Rowe Price Group during the 4th quarter worth about $31,000. Park Place Capital Corp lifted its position in shares of T. Rowe Price Group by 1,775.0% during the 4th quarter. Park Place Capital Corp now owns 300 shares of the asset manager’s stock worth $32,000 after purchasing an additional 284 shares during the last quarter. Fortitude Family Office LLC acquired a new position in shares of T. Rowe Price Group during the 4th quarter worth about $33,000. Finally, CVA Family Office LLC acquired a new position in shares of T. Rowe Price Group during the 4th quarter worth about $39,000. Institutional investors and hedge funds own 73.39% of the company’s stock.

T. Rowe Price Group Stock Performance

Shares of TROW stock traded up $0.53 during trading hours on Wednesday, hitting $117.57. The company had a trading volume of 910,100 shares, compared to its average volume of 1,010,453. T. Rowe Price Group, Inc. has a 12 month low of $87.43 and a 12 month high of $132.76. The firm has a market capitalization of $26.25 billion, a price-to-earnings ratio of 13.96, a PEG ratio of 2.00 and a beta of 1.43. The firm’s fifty day moving average is $114.34 and its 200 day moving average is $112.00.

T. Rowe Price Group (NASDAQ:TROW) last released its quarterly earnings results on Friday, April 26th. The asset manager reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.34. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.71 billion. T. Rowe Price Group had a return on equity of 19.70% and a net margin of 29.09%. T. Rowe Price Group’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.69 EPS. On average, sell-side analysts expect that T. Rowe Price Group, Inc. will post 8.84 EPS for the current fiscal year.

T. Rowe Price Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Friday, June 14th will be given a dividend of $1.24 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $4.96 dividend on an annualized basis and a yield of 4.22%. T. Rowe Price Group’s dividend payout ratio (DPR) is presently 58.91%.

Analysts Set New Price Targets

Several equities analysts have commented on TROW shares. Morgan Stanley upped their price target on T. Rowe Price Group from $114.00 to $125.00 and gave the company an “equal weight” rating in a report on Wednesday, April 17th. Keefe, Bruyette & Woods raised T. Rowe Price Group from an “underperform” rating to a “market perform” rating and upped their price target for the company from $106.00 to $120.00 in a report on Thursday, April 11th. Citigroup upped their price target on T. Rowe Price Group from $110.00 to $125.00 and gave the company a “neutral” rating in a report on Friday, April 5th. JPMorgan Chase & Co. upped their price target on T. Rowe Price Group from $94.00 to $103.00 and gave the company an “underweight” rating in a report on Tuesday, April 16th. Finally, TD Cowen raised T. Rowe Price Group from a “sell” rating to a “hold” rating and upped their price target for the company from $92.00 to $114.00 in a report on Monday, April 8th. Four analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $112.10.

Insider Buying and Selling

In related news, Director Robert F. Maclellan sold 3,043 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $113.08, for a total transaction of $344,102.44. Following the sale, the director now directly owns 34,635 shares in the company, valued at approximately $3,916,525.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other T. Rowe Price Group news, Director Robert F. Maclellan sold 3,043 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $113.08, for a total value of $344,102.44. Following the transaction, the director now directly owns 34,635 shares in the company, valued at approximately $3,916,525.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Dorothy C. Sawyer sold 2,000 shares of the stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $117.00, for a total value of $234,000.00. Following the completion of the transaction, the vice president now owns 34,710 shares in the company, valued at $4,061,070. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.

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.