1,973 Shares in T. Rowe Price Group, Inc. (NASDAQ:TROW) Acquired by Nicolet Advisory Services LLC

Nicolet Advisory Services LLC bought a new stake in T. Rowe Price Group, Inc. (NASDAQ:TROW) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,973 shares of the asset manager’s stock, valued at approximately $214,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Centiva Capital LP grew its stake in T. Rowe Price Group by 49.5% during the 3rd quarter. Centiva Capital LP now owns 6,444 shares of the asset manager’s stock worth $702,000 after buying an additional 2,133 shares during the last quarter. HighTower Advisors LLC boosted its holdings in T. Rowe Price Group by 55.4% in the third quarter. HighTower Advisors LLC now owns 132,338 shares of the asset manager’s stock worth $14,418,000 after acquiring an additional 47,180 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of T. Rowe Price Group by 3.8% during the third quarter. Janus Henderson Group PLC now owns 29,989 shares of the asset manager’s stock worth $3,267,000 after acquiring an additional 1,100 shares during the last quarter. Investment Management Corp of Ontario increased its holdings in shares of T. Rowe Price Group by 48.2% during the third quarter. Investment Management Corp of Ontario now owns 7,383 shares of the asset manager’s stock valued at $804,000 after acquiring an additional 2,400 shares in the last quarter. Finally, Royal London Asset Management Ltd. raised its position in shares of T. Rowe Price Group by 6.2% in the 3rd quarter. Royal London Asset Management Ltd. now owns 89,563 shares of the asset manager’s stock valued at $9,756,000 after purchasing an additional 5,253 shares during the last quarter. 73.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Bank of America dropped their target price on shares of T. Rowe Price Group from $90.00 to $85.00 and set an “underperform” rating on the stock in a research report on Thursday. The Goldman Sachs Group dropped their price objective on shares of T. Rowe Price Group from $103.00 to $89.00 and set a “sell” rating on the stock in a report on Thursday. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $113.00 target price (up previously from $111.00) on shares of T. Rowe Price Group in a research note on Thursday, February 6th. Barclays dropped their price target on T. Rowe Price Group from $113.00 to $105.00 and set an “underweight” rating on the stock in a research note on Thursday, February 6th. Finally, StockNews.com cut T. Rowe Price Group from a “buy” rating to a “hold” rating in a research note on Sunday, February 2nd. Five investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $108.50.

Insider Buying and Selling at T. Rowe Price Group

In other news, Director Robert F. Maclellan sold 3,955 shares of the stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $91.56, for a total transaction of $362,119.80. Following the transaction, the director now owns 42,979 shares in the company, valued at $3,935,157.24. This trade represents a 8.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Arif Husain sold 4,112 shares of T. Rowe Price Group stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $109.27, for a total transaction of $449,318.24. Following the completion of the sale, the vice president now directly owns 36,800 shares in the company, valued at $4,021,136. This represents a 10.05 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.

T. Rowe Price Group Price Performance

NASDAQ:TROW opened at $82.60 on Friday. The company has a 50 day moving average price of $102.18 and a 200-day moving average price of $110.29. T. Rowe Price Group, Inc. has a 1-year low of $82.34 and a 1-year high of $125.81. The firm has a market cap of $18.36 billion, a price-to-earnings ratio of 9.02, a price-to-earnings-growth ratio of 2.86 and a beta of 1.50.

T. Rowe Price Group (NASDAQ:TROW) last issued its quarterly earnings data on Wednesday, February 5th. The asset manager reported $2.12 earnings per share for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.08). T. Rowe Price Group had a return on equity of 20.83% and a net margin of 29.61%. During the same quarter last year, the company posted $1.72 earnings per share. On average, sell-side analysts anticipate that T. Rowe Price Group, Inc. will post 9.29 earnings per share for the current fiscal year.

T. Rowe Price Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $1.27 dividend. This is a boost from T. Rowe Price Group’s previous quarterly dividend of $1.24. The ex-dividend date of this dividend was Friday, March 14th. This represents a $5.08 dividend on an annualized basis and a yield of 6.15%. T. Rowe Price Group’s dividend payout ratio is presently 55.46%.

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.