Landscape Capital Management L.L.C. Makes New $580,000 Investment in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Landscape Capital Management L.L.C. acquired a new stake in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 5,327 shares of the asset manager’s stock, valued at approximately $580,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its stake in T. Rowe Price Group by 0.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 295,449 shares of the asset manager’s stock valued at $36,022,000 after buying an additional 2,323 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in T. Rowe Price Group by 9.1% in the 1st quarter. Public Employees Retirement System of Ohio now owns 161,979 shares of the asset manager’s stock valued at $19,748,000 after acquiring an additional 13,468 shares in the last quarter. Paloma Partners Management Co boosted its stake in T. Rowe Price Group by 148.7% in the 1st quarter. Paloma Partners Management Co now owns 5,703 shares of the asset manager’s stock worth $695,000 after purchasing an additional 17,403 shares during the period. Caxton Associates LP lifted its holdings in shares of T. Rowe Price Group by 124.6% in the first quarter. Caxton Associates LP now owns 16,782 shares of the asset manager’s stock valued at $2,046,000 after purchasing an additional 9,310 shares in the last quarter. Finally, Kinloch Capital LLC boosted its position in shares of T. Rowe Price Group by 27.4% during the first quarter. Kinloch Capital LLC now owns 32,082 shares of the asset manager’s stock worth $3,911,000 after buying an additional 6,896 shares during the period. 73.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at T. Rowe Price Group

In related news, insider Jessica M. Hiebler sold 484 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $104.73, for a total value of $50,689.32. Following the completion of the sale, the insider now directly owns 13,939 shares in the company, valued at $1,459,831.47. The trade was a 3.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Andrew Justin Mackenzi Thomson sold 11,969 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $102.83, for a total value of $1,230,772.27. Following the transaction, the vice president now owns 123,624 shares in the company, valued at $12,712,255.92. The trade was a 8.83 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. StockNews.com cut T. Rowe Price Group from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Evercore ISI increased their target price on shares of T. Rowe Price Group from $112.00 to $113.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. TD Cowen decreased their target price 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. Morgan Stanley boosted their price target on shares of T. Rowe Price Group from $127.00 to $129.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Finally, The Goldman Sachs Group decreased their price objective on T. Rowe Price Group from $106.00 to $102.00 and set a “sell” rating for the company in a report on Thursday, October 3rd. Four analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $115.55.

T. Rowe Price Group Trading Up 1.4 %

Shares of NASDAQ TROW opened at $119.84 on Friday. T. Rowe Price Group, Inc. has a 12 month low of $96.48 and a 12 month high of $122.27. The stock has a 50 day moving average of $112.20 and a 200-day moving average of $112.44. The company has a market capitalization of $26.62 billion, a P/E ratio of 13.11, a P/E/G ratio of 1.68 and a beta of 1.41.

T. Rowe Price Group (NASDAQ:TROW) last released its quarterly earnings data on Friday, November 1st. The asset manager reported $2.57 EPS for the quarter, beating the consensus estimate of $2.36 by $0.21. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.84 billion. T. Rowe Price Group had a net margin of 30.35% and a return on equity of 20.35%. The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the company earned $2.17 earnings per share. Analysts predict that T. Rowe Price Group, Inc. will post 9.33 EPS for the current fiscal year.

T. Rowe Price Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a dividend of $1.24 per share. The ex-dividend date is Friday, December 13th. This represents a $4.96 annualized dividend and a yield of 4.14%. T. Rowe Price Group’s dividend payout ratio (DPR) is presently 54.27%.

T. Rowe Price Group 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.