Todays Report: The Nicolet Bankshares Inc. Acquires 360 Shares of T. Rowe Price Group Inc. (TROW)

The Nicolet Bankshares Inc. Acquires 360 Shares of T. Rowe Price Group Inc. (TROW)

Nicolet Bankshares Inc. boosted its position in shares of T. Rowe Price Group Inc. (NASDAQ:TROW) by 7.4% during the second quarter, Holdings Channel reports. The institutional investor owned 5,215 shares of the company’s stock after buying an additional 360 shares during the period. Nicolet Bankshares Inc.’s holdings in T. Rowe Price Group were worth $381,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Geode Capital Management LLC raised its position in shares of T. Rowe Price Group by 2.5% in the first quarter. Geode Capital Management LLC now owns 2,340,140 shares of the company’s stock valued at $171,607,000 after buying an additional 56,299 shares in the last quarter. Thomaspartners Inc. raised its position in shares of T. Rowe Price Group by 8.9% in the first quarter. Thomaspartners Inc. now owns 1,479,858 shares of the company’s stock valued at $108,710,000 after buying an additional 120,678 shares in the last quarter. Legal & General Group Plc raised its position in shares of T. Rowe Price Group by 2.4% in the first quarter. Legal & General Group Plc now owns 1,050,614 shares of the company’s stock valued at $77,179,000 after buying an additional 25,005 shares in the last quarter. Bank of Montreal Can bought a new position in shares of T. Rowe Price Group during the second quarter valued at about $68,389,000. Finally, NN Investment Partners Holdings N.V. raised its position in shares of T. Rowe Price Group by 2,238.1% in the second quarter. NN Investment Partners Holdings N.V. now owns 497,216 shares of the company’s stock valued at $36,284,000 after buying an additional 475,950 shares in the last quarter. 69.64% of the stock is currently owned by institutional investors.

T. Rowe Price Group Inc. (NASDAQ:TROW) traded up 0.35% during mid-day trading on Friday, reaching $65.90. 1,256,763 shares of the company were exchanged. The company has a market capitalization of $16.38 billion, a PE ratio of 15.88 and a beta of 1.17. The stock has a 50-day moving average price of $67.36 and a 200 day moving average price of $71.77. T. Rowe Price Group Inc. has a one year low of $63.57 and a one year high of $79.00.

T. Rowe Price Group (NASDAQ:TROW) last announced its earnings results on Tuesday, July 26th. The company reported $0.76 EPS for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.04. T. Rowe Price Group had a net margin of 25.77% and a return on equity of 22.25%. The firm had revenue of $1,000 million for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the previous year, the business posted $1.24 EPS. The company’s quarterly revenue was down 2.6% on a year-over-year basis. Analysts predict that T. Rowe Price Group Inc. will post $4.24 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 29th. Stockholders of record on Thursday, September 15th were issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date of this dividend was Tuesday, September 13th. T. Rowe Price Group’s dividend payout ratio (DPR) is presently 52.17%.

Several brokerages recently issued reports on TROW. Jefferies Group cut their target price on shares of T. Rowe Price Group from $83.00 to $80.00 and set a “buy” rating on the stock in a research note on Tuesday. Zacks Investment Research raised shares of T. Rowe Price Group from a “sell” rating to a “hold” rating in a research note on Friday, October 7th. JPMorgan Chase & Co. cut their target price on shares of T. Rowe Price Group from $75.00 to $65.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 27th. Barclays PLC cut their target price on shares of T. Rowe Price Group from $72.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Thursday. Finally, Deutsche Bank AG cut their target price on shares of T. Rowe Price Group from $86.00 to $82.00 and set a “buy” rating on the stock in a research note on Thursday, June 16th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $75.43.

T. Rowe Price Group Company Profile

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.

Related posts

Leave a Comment