Alliance Wealth Advisors LLC UT Has $1.66 Million Stock Position in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Alliance Wealth Advisors LLC UT boosted its stake in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 2.2% during the fourth quarter, Holdings Channel reports. The fund owned 15,399 shares of the asset manager’s stock after acquiring an additional 336 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in T. Rowe Price Group were worth $1,658,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Citizens Financial Group Inc. RI bought a new position in shares of T. Rowe Price Group in the 4th quarter valued at about $312,000. Stevens Capital Management LP bought a new position in shares of T. Rowe Price Group in the 4th quarter valued at about $337,000. GHE LLC boosted its stake in shares of T. Rowe Price Group by 1.2% in the 4th quarter. GHE LLC now owns 18,907 shares of the asset manager’s stock valued at $2,036,000 after purchasing an additional 232 shares during the last quarter. Atria Wealth Solutions Inc. boosted its stake in shares of T. Rowe Price Group by 89.6% in the 4th quarter. Atria Wealth Solutions Inc. now owns 8,714 shares of the asset manager’s stock valued at $939,000 after purchasing an additional 4,119 shares during the last quarter. Finally, Wynn Capital LLC bought a new position in shares of T. Rowe Price Group in the 4th quarter valued at about $510,000. Institutional investors own 73.39% of the company’s stock.

Analyst Ratings Changes

TROW has been the topic of several recent research reports. Keefe, Bruyette & Woods raised shares of T. Rowe Price Group from an “underperform” rating to a “market perform” rating and raised their target price for the company from $106.00 to $120.00 in a research note on Thursday, April 11th. JPMorgan Chase & Co. lifted their price objective on shares of T. Rowe Price Group from $94.00 to $103.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 16th. TD Cowen raised shares of T. Rowe Price Group from a “sell” rating to a “hold” rating and lifted their price objective for the stock from $92.00 to $114.00 in a research note on Monday, April 8th. StockNews.com lowered shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Finally, Wells Fargo & Company lifted their price objective on shares of T. Rowe Price Group from $105.00 to $108.00 and gave the stock an “underweight” rating in a research note on Friday, February 9th. Four analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat, T. Rowe Price Group currently has a consensus rating of “Hold” and a consensus price target of $112.67.

Insider Activity

In other news, insider Jessica M. Hiebler sold 1,138 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $107.13, for a total value of $121,913.94. Following the completion of the transaction, the insider now owns 14,113 shares of the company’s stock, valued at $1,511,925.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Jessica M. Hiebler sold 1,138 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $107.13, for a total value of $121,913.94. Following the completion of the transaction, the insider now owns 14,113 shares of the company’s stock, valued at $1,511,925.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Freeman A. Hrabowski III sold 8,740 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $118.32, for a total value of $1,034,116.80. Following the completion of the sale, the director now owns 21,073 shares in the company, valued at $2,493,357.36. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.

T. Rowe Price Group Trading Up 4.8 %

Shares of NASDAQ TROW traded up $5.19 during midday trading on Friday, reaching $114.02. The company’s stock had a trading volume of 2,943,278 shares, compared to its average volume of 1,335,708. The stock has a market capitalization of $25.50 billion, a price-to-earnings ratio of 14.69, a PEG ratio of 2.04 and a beta of 1.40. The stock has a 50 day simple moving average of $115.10 and a 200-day simple moving average of $107.07. T. Rowe Price Group, Inc. has a fifty-two week low of $87.43 and a fifty-two week high of $132.76.

T. Rowe Price Group (NASDAQ:TROW) last issued its earnings results on Friday, April 26th. The asset manager reported $2.38 EPS for the quarter, topping the consensus estimate of $2.04 by $0.34. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.71 billion. T. Rowe Price Group had a return on equity of 18.41% and a net margin of 27.69%. The business’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.69 earnings per share. As a group, equities analysts anticipate that T. Rowe Price Group, Inc. will post 8.36 EPS for the current year.

T. Rowe Price Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $1.24 dividend. The ex-dividend date was Thursday, March 14th. This represents a $4.96 annualized dividend and a dividend yield of 4.35%. This is an increase from T. Rowe Price Group’s previous quarterly dividend of $1.22. T. Rowe Price Group’s dividend payout ratio is currently 63.92%.

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.