CW Advisors LLC Increases Holdings in T. Rowe Price Group, Inc. $TROW

CW Advisors LLC increased its holdings in T. Rowe Price Group by 50.3% in Q2, owning 133,377 shares worth $12.87 million. Other investors also adjusted their stakes. Analysts have mixed ratings on T. Rowe Price, with a consensus rating of "Reduce" and an average target price of $109.00. The stock opened at $105.05, with a market cap of $22.93 billion.

CW Advisors LLC increased its holdings in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 50.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 133,377 shares of the asset manager's stock after purchasing an additional 44,646 shares during the quarter. CW Advisors LLC owned approximately 0.06% of T. Rowe Price Group worth $12,871,000 at the end of the most recent reporting period.

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A number of other large investors also recently added to or reduced their stakes in the business. TD Waterhouse Canada Inc. grew its holdings in T. Rowe Price Group by 66.7% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 250 shares of the asset manager's stock valued at $25,000 after buying an additional 100 shares in the last quarter. Zions Bancorporation National Association UT bought a new position in shares of T. Rowe Price Group during the first quarter worth $27,000. Vermillion & White Wealth Management Group LLC grew its stake in T. Rowe Price Group by 120.0% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 319 shares of the asset manager's stock valued at $31,000 after acquiring an additional 174 shares in the last quarter. Atlantic Union Bankshares Corp bought a new stake in T. Rowe Price Group in the 2nd quarter valued at $35,000. Finally, Curio Wealth LLC lifted its stake in T. Rowe Price Group by 20,700.0% in the 2nd quarter. Curio Wealth LLC now owns 416 shares of the asset manager's stock worth $40,000 after purchasing an additional 414 shares in the last quarter. 73.39% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Citigroup raised their price objective on T. Rowe Price Group from $105.00 to $107.00 in a research report on Monday, November 3rd. Zacks Research upgraded T. Rowe Price Group from a "hold" rating to a "strong-buy" rating in a report on Friday, October 10th. BMO Capital Markets started coverage on T. Rowe Price Group in a research note on Friday, October 3rd. They issued a "market perform" rating and a $108.00 price objective on the stock. Keefe, Bruyette & Woods increased their target price on T. Rowe Price Group from $115.00 to $117.00 and gave the company a "market perform" rating in a research report on Monday, November 3rd. Finally, Jefferies Financial Group raised their target price on shares of T. Rowe Price Group from $104.00 to $106.00 and gave the company a "hold" rating in a report on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average target price of $109.00.

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Check Out Our Latest Report on TROW

Insiders Place Their Bets

In related news, Director Robert F. Maclellan sold 3,090 shares of the stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $105.01, for a total value of $324,480.90. Following the sale, the director directly owned 47,335 shares of the company's stock, valued at $4,970,648.35. This represents a 6.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.00% of the stock is owned by company insiders.

T. Rowe Price Group Stock Performance

Shares of T. Rowe Price Group stock opened at $105.05 on Thursday. The stock has a market cap of $22.93 billion, a price-to-earnings ratio of 11.44, a price-to-earnings-growth ratio of 3.35 and a beta of 1.53. The stock has a 50 day moving average price of $102.75 and a 200-day moving average price of $101.97. T. Rowe Price Group, Inc. has a one year low of $77.85 and a one year high of $125.81.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last issued its quarterly earnings results on Friday, October 31st. The asset manager reported $2.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.55 by $0.26. T. Rowe Price Group had a return on equity of 19.95% and a net margin of 28.89%.The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period last year, the company earned $2.57 earnings per share. T. Rowe Price Group's revenue was up 6.0% on a year-over-year basis. Sell-side analysts predict that T. Rowe Price Group, Inc. will post 9.29 earnings per share for the current fiscal year.

T. Rowe Price Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 15th will be issued a dividend of $1.27 per share. This represents a $5.08 annualized dividend and a yield of 4.8%. The ex-dividend date is Monday, December 15th. T. Rowe Price Group's dividend payout ratio is presently 55.34%.

T. Rowe Price Group Company Profile

(Free Report)

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.

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