Dynamic Technology Lab Private Ltd Has $692,000 Position in T. Rowe Price Group Inc (NASDAQ:TROW)

Dynamic Technology Lab Private Ltd reduced its position in T. Rowe Price Group Inc (NASDAQ:TROW) by 46.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 5,966 shares of the asset manager’s stock after selling 5,107 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in T. Rowe Price Group were worth $692,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Signaturefd LLC acquired a new stake in shares of T. Rowe Price Group in the 1st quarter valued at $111,000. Perigon Wealth Management LLC increased its stake in shares of T. Rowe Price Group by 57.5% in the 1st quarter. Perigon Wealth Management LLC now owns 1,284 shares of the asset manager’s stock valued at $139,000 after buying an additional 469 shares during the period. Signature Estate & Investment Advisors LLC acquired a new stake in shares of T. Rowe Price Group in the 2nd quarter valued at $151,000. Parallel Advisors LLC increased its stake in shares of T. Rowe Price Group by 169.1% in the 2nd quarter. Parallel Advisors LLC now owns 1,448 shares of the asset manager’s stock valued at $168,000 after buying an additional 910 shares during the period. Finally, Transamerica Financial Advisors Inc. acquired a new stake in shares of T. Rowe Price Group in the 2nd quarter valued at $190,000. 70.34% of the stock is owned by institutional investors.

Shares of T. Rowe Price Group stock traded down $1.48 during trading on Friday, reaching $109.32. 1,401,798 shares of the company were exchanged, compared to its average volume of 1,385,998. T. Rowe Price Group Inc has a twelve month low of $90.95 and a twelve month high of $127.43. The stock has a market cap of $26.55 billion, a PE ratio of 20.13, a price-to-earnings-growth ratio of 1.36 and a beta of 1.19.

T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly earnings data on Wednesday, July 25th. The asset manager reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.11. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.33 billion. T. Rowe Price Group had a return on equity of 28.49% and a net margin of 31.67%. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.28 earnings per share. As a group, research analysts predict that T. Rowe Price Group Inc will post 7.25 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 14th were issued a dividend of $0.70 per share. The ex-dividend date was Thursday, September 13th. This represents a $2.80 annualized dividend and a yield of 2.56%. T. Rowe Price Group’s dividend payout ratio is presently 51.57%.

Several equities research analysts have recently commented on the company. Deutsche Bank lowered their target price on T. Rowe Price Group from $136.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, August 16th. BidaskClub cut T. Rowe Price Group from a “buy” rating to a “hold” rating in a research note on Tuesday, July 3rd. ValuEngine cut T. Rowe Price Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th. Zacks Investment Research raised T. Rowe Price Group from a “hold” rating to a “buy” rating and set a $130.00 price objective for the company in a research note on Monday, July 2nd. Finally, Wells Fargo & Co lifted their price objective on T. Rowe Price Group from $114.00 to $124.00 and gave the stock a “market perform” rating in a research note on Friday, July 13th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. T. Rowe Price Group has a consensus rating of “Hold” and a consensus price target of $118.50.

In other T. Rowe Price Group news, VP Christopher D. Alderson sold 41,639 shares of T. Rowe Price Group stock in a transaction dated Thursday, July 26th. The stock was sold at an average price of $121.89, for a total transaction of $5,075,377.71. Following the transaction, the vice president now directly owns 114,860 shares in the company, valued at $14,000,285.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Freeman A. Hrabowski III sold 4,500 shares of T. Rowe Price Group stock in a transaction dated Thursday, July 26th. The stock was sold at an average price of $121.74, for a total value of $547,830.00. Following the transaction, the director now owns 9,640 shares in the company, valued at $1,173,573.60. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.

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.

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

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