Trade Report: Today, Oregon Public Employees Retirement Fund decides to keep it stake in T. Rowe Price Group Inc. (TROW) to the level of $3,978,000

Today, Oregon Public Employees Retirement Fund decides to keep it stake in T. Rowe Price Group Inc. (TROW) to the level of $3,978,000

Oregon Public Employees Retirement Fund increased its stake in T. Rowe Price Group Inc. (NASDAQ:TROW) by 7.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,818 shares of the company’s stock after buying an additional 4,029 shares during the period. Oregon Public Employees Retirement Fund’s holdings in T. Rowe Price Group were worth $3,978,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Liberty Capital Management Inc. raised its stake in T. Rowe Price Group by 14.2% in the third quarter. Liberty Capital Management Inc. now owns 26,530 shares of the company’s stock valued at $1,766,000 after buying an additional 3,295 shares in the last quarter. McQueen Ball & Associates Inc. raised its stake in T. Rowe Price Group by 0.8% in the third quarter. McQueen Ball & Associates Inc. now owns 3,238 shares of the company’s stock valued at $215,000 after buying an additional 26 shares in the last quarter. North Star Asset Management Inc. raised its stake in T. Rowe Price Group by 1.1% in the third quarter. North Star Asset Management Inc. now owns 139,768 shares of the company’s stock valued at $9,295,000 after buying an additional 1,545 shares in the last quarter. Curbstone Financial Management Corp raised its stake in T. Rowe Price Group by 32.1% in the third quarter. Curbstone Financial Management Corp now owns 10,502 shares of the company’s stock valued at $698,000 after buying an additional 2,550 shares in the last quarter. Finally, Cullinan Associates Inc. raised its stake in T. Rowe Price Group by 3.4% in the third quarter. Cullinan Associates Inc. now owns 44,530 shares of the company’s stock valued at $2,961,000 after buying an additional 1,450 shares in the last quarter. Institutional investors and hedge funds own 71.44% of the company’s stock.

Shares of T. Rowe Price Group Inc. (NASDAQ:TROW) traded up 0.20% on Friday, hitting $74.43. The stock had a trading volume of 490,432 shares. The firm has a 50-day moving average of $67.72 and a 200 day moving average of $70.23. T. Rowe Price Group Inc. has a 1-year low of $62.97 and a 1-year high of $79.00. The company has a market capitalization of $18.12 billion, a PE ratio of 16.79 and a beta of 1.21.

T. Rowe Price Group (NASDAQ:TROW) last posted its quarterly earnings results on Thursday, October 27th. The company reported $1.17 EPS for the quarter, missing analysts’ consensus estimates of $1.18 by $0.01. The company earned $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. T. Rowe Price Group had a return on equity of 24.78% and a net margin of 26.71%. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period last year, the firm posted $1.06 EPS. On average, equities analysts anticipate that T. Rowe Price Group Inc. will post $4.38 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 29th. Shareholders of record on Thursday, December 15th will be issued a dividend of $0.54 per share. The ex-dividend date is Tuesday, December 13th. This represents a $2.16 dividend on an annualized basis and a yield of 2.90%. T. Rowe Price Group’s payout ratio is 49.54%.

Several analysts have issued reports on the company. UBS AG upgraded T. Rowe Price Group from a “neutral” rating to a “buy” rating and upped their price objective for the company from $66.00 to $82.00 in a research note on Thursday, November 10th. Zacks Investment Research downgraded T. Rowe Price Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 1st. Citigroup Inc. reaffirmed a “neutral” rating on shares of T. Rowe Price Group in a research report on Sunday, October 30th. Keefe, Bruyette & Woods set a $72.00 target price on T. Rowe Price Group and gave the company a “hold” rating in a research report on Saturday, October 15th. Finally, Barclays PLC decreased their target price on T. Rowe Price Group from $72.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 13th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. T. Rowe Price Group has a consensus rating of “Hold” and an average target price of $75.00.

About T. Rowe Price Group

T. Rowe Price Group, Inc is a financial services holding company. The Company provides global investment management services to individual and institutional investors in the sponsored T. Rowe Price mutual funds distributed in the United States and other investment portfolios. It operates through investment advisory business segment.

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