Legacy Financial Strategies LLC Has $2.48 Million Stock Position in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Legacy Financial Strategies LLC lessened its holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 5.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,745 shares of the asset manager’s stock after selling 1,260 shares during the quarter. Legacy Financial Strategies LLC’s holdings in T. Rowe Price Group were worth $2,478,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Nomura Holdings Inc. bought a new position in T. Rowe Price Group in the fourth quarter valued at about $691,000. GAMMA Investing LLC grew its holdings in shares of T. Rowe Price Group by 39.7% during the 1st quarter. GAMMA Investing LLC now owns 1,791 shares of the asset manager’s stock valued at $218,000 after purchasing an additional 509 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its position in T. Rowe Price Group by 7.5% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,236 shares of the asset manager’s stock worth $151,000 after purchasing an additional 86 shares in the last quarter. Czech National Bank lifted its stake in T. Rowe Price Group by 0.7% in the 1st quarter. Czech National Bank now owns 39,395 shares of the asset manager’s stock valued at $4,803,000 after purchasing an additional 255 shares during the last quarter. Finally, Banque Cantonale Vaudoise boosted its position in T. Rowe Price Group by 137.1% in the first quarter. Banque Cantonale Vaudoise now owns 19,977 shares of the asset manager’s stock valued at $2,436,000 after buying an additional 11,551 shares in the last quarter. Institutional investors and hedge funds own 73.39% of the company’s stock.

Insider Activity

In related news, VP Andrew Justin Mackenzi Thomson sold 11,969 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $102.83, for a total transaction of $1,230,772.27. Following the transaction, the vice president now directly owns 123,624 shares of the company’s stock, valued at $12,712,255.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other T. Rowe Price Group news, VP Andrew Justin Mackenzi Thomson sold 11,969 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $102.83, for a total value of $1,230,772.27. Following the transaction, the vice president now owns 123,624 shares in the company, valued at approximately $12,712,255.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jessica M. Hiebler sold 484 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $104.73, for a total value of $50,689.32. Following the sale, the insider now owns 13,939 shares of the company’s stock, valued at approximately $1,459,831.47. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group lowered their price target on shares of T. Rowe Price Group from $106.00 to $102.00 and set a “sell” rating for the company in a report on Thursday, October 3rd. Morgan Stanley increased their target price on T. Rowe Price Group from $125.00 to $127.00 and gave the company an “equal weight” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft upped their price objective on T. Rowe Price Group from $112.00 to $113.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. JPMorgan Chase & Co. lifted their target price on shares of T. Rowe Price Group from $102.00 to $107.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 23rd. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $120.00 price target (down from $121.00) on shares of T. Rowe Price Group in a research report on Monday, July 29th. Four analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $113.00.

T. Rowe Price Group Stock Up 2.1 %

TROW traded up $2.42 during trading on Friday, reaching $115.63. 1,765,058 shares of the stock traded hands, compared to its average volume of 1,254,308. The stock’s 50-day moving average is $107.54 and its 200 day moving average is $112.05. T. Rowe Price Group, Inc. has a 12 month low of $87.43 and a 12 month high of $122.27. The stock has a market capitalization of $25.82 billion, a PE ratio of 13.73, a P/E/G ratio of 1.84 and a beta of 1.41.

T. Rowe Price Group (NASDAQ:TROW) last announced its earnings results on Friday, July 26th. The asset manager reported $2.26 EPS for the quarter, missing the consensus estimate of $2.27 by ($0.01). The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.79 billion. T. Rowe Price Group had a net margin of 28.66% and a return on equity of 19.90%. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.02 EPS. As a group, equities research analysts anticipate that T. Rowe Price Group, Inc. will post 9.04 EPS for the current year.

T. Rowe Price Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a dividend of $1.24 per share. This represents a $4.96 annualized dividend and a dividend yield of 4.29%. The ex-dividend date was Friday, September 13th. T. Rowe Price Group’s dividend payout ratio (DPR) is 58.91%.

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.