Today: Today: 4,258 Shares of T. Rowe Price Group Inc. (TROW) are sold by Investment Management of Virginia LLC

Today: 4,258 Shares of T. Rowe Price Group Inc. (TROW) are sold by Investment Management of Virginia LLC

Investment Management of Virginia LLC cut its stake in T. Rowe Price Group Inc. (NASDAQ:TROW) by 4.5% during the third quarter, Holdings Channel reports. The firm owned 89,608 shares of the company’s stock after selling 4,258 shares during the period. T. Rowe Price Group makes up about 1.5% of Investment Management of Virginia LLC’s portfolio, making the stock its 16th largest position. Investment Management of Virginia LLC’s holdings in T. Rowe Price Group were worth $5,959,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Euclid Advisors LLC bought a new stake in T. Rowe Price Group during the second quarter valued at $123,000. Quadrant Capital Group LLC raised its stake in T. Rowe Price Group by 2.5% in the second quarter. Quadrant Capital Group LLC now owns 1,711 shares of the company’s stock valued at $119,000 after buying an additional 42 shares during the period. Societe Generale bought a new stake in T. Rowe Price Group during the second quarter valued at $126,000. WFG Advisors LP raised its stake in T. Rowe Price Group by 22.2% in the second quarter. WFG Advisors LP now owns 1,870 shares of the company’s stock valued at $136,000 after buying an additional 340 shares during the period. Finally, Checchi Capital Advisers LLC raised its stake in T. Rowe Price Group by 0.9% in the second quarter. Checchi Capital Advisers LLC now owns 1,958 shares of the company’s stock valued at $143,000 after buying an additional 18 shares during the period. Hedge funds and other institutional investors own 69.82% of the company’s stock.

T. Rowe Price Group Inc. (NASDAQ:TROW) traded down 1.72% during trading on Monday, reaching $73.15. The company’s stock had a trading volume of 1,292,601 shares. T. Rowe Price Group Inc. has a 1-year low of $62.97 and a 1-year high of $79.00. The stock has a market cap of $17.81 billion, a P/E ratio of 16.50 and a beta of 1.21. The company’s 50 day moving average price is $67.72 and its 200-day moving average price is $70.23.

T. Rowe Price Group (NASDAQ:TROW) last announced its earnings results on Thursday, October 27th. The company reported $1.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.18 by $0.01. The firm had revenue of $1.10 billion for 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%. T. Rowe Price Group’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the business posted $1.06 EPS. Equities analysts forecast that T. Rowe Price Group Inc. will post $4.38 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 29th. Shareholders of record on Thursday, December 15th will be paid 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 dividend payout ratio (DPR) is presently 49.54%.

TROW has been the topic of several recent analyst reports. Keefe, Bruyette & Woods set a $72.00 price target on T. Rowe Price Group and gave the stock a “hold” rating in a research report on Saturday, October 15th. Zacks Investment Research raised T. Rowe Price Group from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Tuesday, October 25th. Deutsche Bank AG lifted their price target on T. Rowe Price Group from $71.00 to $74.00 and gave the stock a “hold” rating in a research report on Friday, September 9th. Barclays PLC dropped their price target 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. Finally, UBS AG raised T. Rowe Price Group from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $66.00 to $82.00 in a research report on Thursday, November 10th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target 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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