Trust Co. of Vermont Sells 387 Shares of T. Rowe Price Group, Inc. (NASDAQ:TROW)

Trust Co. of Vermont decreased its holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 3.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,947 shares of the asset manager’s stock after selling 387 shares during the period. Trust Co. of Vermont’s holdings in T. Rowe Price Group were worth $1,301,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Nomura Holdings Inc. bought a new stake in shares of T. Rowe Price Group during the fourth quarter valued at approximately $691,000. GAMMA Investing LLC increased its holdings in T. Rowe Price Group by 39.7% in the 1st quarter. GAMMA Investing LLC now owns 1,791 shares of the asset manager’s stock valued at $218,000 after acquiring an additional 509 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in T. Rowe Price Group by 7.5% in 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 boosted its holdings in shares of T. Rowe Price Group by 0.7% during 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 grew its position in shares of T. Rowe Price Group by 137.1% during the first quarter. Banque Cantonale Vaudoise now owns 19,977 shares of the asset manager’s stock valued at $2,436,000 after purchasing an additional 11,551 shares in the last quarter. Hedge funds and other institutional investors own 73.39% of the company’s stock.

Insider Activity

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

Analyst Upgrades and Downgrades

TROW has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on T. Rowe Price Group from $112.00 to $113.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. TD Cowen cut their target price on shares of T. Rowe Price Group from $123.00 to $118.00 and set a “hold” rating for the company in a report on Monday, July 29th. StockNews.com downgraded shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Barclays lifted their price objective on shares of T. Rowe Price Group from $99.00 to $101.00 and gave the stock an “underweight” rating in a research note on Monday, October 14th. Finally, JPMorgan Chase & Co. upped their target price on shares of T. Rowe Price Group from $102.00 to $107.00 and gave the company an “underweight” rating in a research report on Tuesday, July 23rd. Four investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $113.00.

T. Rowe Price Group Price Performance

T. Rowe Price Group stock opened at $115.63 on Friday. The firm has a market capitalization of $25.82 billion, a P/E ratio of 13.73, a price-to-earnings-growth ratio of 1.84 and a beta of 1.41. T. Rowe Price Group, Inc. has a 1-year low of $87.43 and a 1-year high of $122.27. The company’s 50-day moving average is $107.54 and its 200 day moving average is $112.05.

T. Rowe Price Group (NASDAQ:TROW) last released its earnings results on Friday, July 26th. The asset manager reported $2.26 EPS for the quarter, missing analysts’ consensus estimates of $2.27 by ($0.01). T. Rowe Price Group had a net margin of 28.66% and a return on equity of 19.90%. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same period in the prior year, the company posted $2.02 EPS. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. Research analysts anticipate that T. Rowe Price Group, Inc. will post 9.04 earnings per share for the current fiscal year.

T. Rowe Price Group Dividend Announcement

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

About T. Rowe Price Group

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.