Nicholson Wealth Management Group LLC Acquires 7,162 Shares of T. Rowe Price Group, Inc. (NASDAQ:TROW)

Nicholson Wealth Management Group LLC grew its position in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 122.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,988 shares of the asset manager’s stock after purchasing an additional 7,162 shares during the period. Nicholson Wealth Management Group LLC’s holdings in T. Rowe Price Group were worth $1,469,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TROW. Creative Planning increased its holdings in T. Rowe Price Group by 0.3% during the third quarter. Creative Planning now owns 55,324 shares of the asset manager’s stock worth $6,026,000 after buying an additional 177 shares during the last quarter. Blue Trust Inc. boosted its position in T. Rowe Price Group by 302.3% during the third quarter. Blue Trust Inc. now owns 2,615 shares of the asset manager’s stock worth $301,000 after purchasing an additional 1,965 shares during the period. Eastern Bank bought a new position in T. Rowe Price Group during the third quarter worth about $54,000. Private Advisor Group LLC boosted its position in T. Rowe Price Group by 10.4% during the third quarter. Private Advisor Group LLC now owns 12,060 shares of the asset manager’s stock worth $1,314,000 after purchasing an additional 1,134 shares during the period. Finally, Commerzbank Aktiengesellschaft FI boosted its position in T. Rowe Price Group by 195.0% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 10,416 shares of the asset manager’s stock worth $1,135,000 after purchasing an additional 6,885 shares during the period. Hedge funds and other institutional investors own 73.39% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on TROW. Barclays cut their target price on shares of T. Rowe Price Group from $113.00 to $105.00 and set an “underweight” rating for the company in a research report on Thursday, February 6th. Wells Fargo & Company cut their target price on shares of T. Rowe Price Group from $118.00 to $116.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $113.00 target price (up previously from $111.00) on shares of T. Rowe Price Group in a research report on Thursday, February 6th. StockNews.com lowered shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a research report on Sunday, February 2nd. Finally, TD Cowen cut their price objective on shares of T. Rowe Price Group from $120.00 to $116.00 and set a “hold” rating for the company in a research report on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $115.09.

Insider Buying and Selling at T. Rowe Price Group

In other T. Rowe Price Group news, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of T. Rowe Price Group stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $123.35, for a total transaction of $499,197.45. Following the transaction, the vice president now directly owns 119,577 shares of the company’s stock, valued at approximately $14,749,822.95. This trade represents a 3.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Arif Husain sold 4,112 shares of T. Rowe Price Group stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $109.27, for a total transaction of $449,318.24. Following the transaction, the vice president now directly owns 36,800 shares in the company, valued at $4,021,136. This trade represents a 10.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

T. Rowe Price Group Price Performance

Shares of T. Rowe Price Group stock opened at $108.49 on Friday. T. Rowe Price Group, Inc. has a 1 year low of $100.49 and a 1 year high of $125.81. The firm has a market cap of $24.15 billion, a PE ratio of 11.84, a PEG ratio of 2.85 and a beta of 1.44. The company has a 50 day simple moving average of $113.06 and a two-hundred day simple moving average of $112.27.

T. Rowe Price Group (NASDAQ:TROW) last announced its earnings results on Wednesday, February 5th. The asset manager reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.20 by ($0.08). T. Rowe Price Group had a net margin of 29.61% and a return on equity of 20.83%. During the same quarter in the prior year, the business earned $1.72 EPS. As a group, research analysts anticipate that T. Rowe Price Group, Inc. will post 9.29 earnings per share for the current year.

T. Rowe Price Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $1.27 per share. The ex-dividend date is Friday, March 14th. This is a positive change from T. Rowe Price Group’s previous quarterly dividend of $1.24. This represents a $5.08 annualized dividend and a yield of 4.68%. T. Rowe Price Group’s payout ratio is presently 54.15%.

T. Rowe Price Group Company Profile

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.