Enterprise Financial Services Corp Has $102,000 Holdings in T. Rowe Price Group Inc (NASDAQ:TROW)

Enterprise Financial Services Corp raised its holdings in T. Rowe Price Group Inc (NASDAQ:TROW) by 295.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 1,017 shares of the asset manager’s stock after acquiring an additional 760 shares during the period. Enterprise Financial Services Corp’s holdings in T. Rowe Price Group were worth $102,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of TROW. Assenagon Asset Management S.A. increased its holdings in shares of T. Rowe Price Group by 3,295.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 84,880 shares of the asset manager’s stock worth $8,498,000 after buying an additional 82,380 shares during the last quarter. Private Capital Group LLC increased its holdings in shares of T. Rowe Price Group by 143.4% during the 1st quarter. Private Capital Group LLC now owns 808 shares of the asset manager’s stock worth $81,000 after buying an additional 476 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of T. Rowe Price Group by 381.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 86,545 shares of the asset manager’s stock worth $8,665,000 after buying an additional 68,575 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its holdings in shares of T. Rowe Price Group by 1.0% during the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 296,928 shares of the asset manager’s stock worth $29,728,000 after buying an additional 2,850 shares during the last quarter. Finally, First Merchants Corp increased its holdings in shares of T. Rowe Price Group by 11.4% during the 1st quarter. First Merchants Corp now owns 55,018 shares of the asset manager’s stock worth $5,508,000 after buying an additional 5,613 shares during the last quarter. Institutional investors own 71.32% of the company’s stock.

NASDAQ:TROW traded down $0.40 on Wednesday, reaching $105.28. The stock had a trading volume of 500,400 shares, compared to its average volume of 1,303,982. The stock has a market cap of $24.68 billion, a P/E ratio of 14.72, a PEG ratio of 1.54 and a beta of 1.06. T. Rowe Price Group Inc has a 12-month low of $84.59 and a 12-month high of $127.43.

T. Rowe Price Group (NASDAQ:TROW) last posted its quarterly earnings data on Wednesday, April 24th. The asset manager reported $1.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.26. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. T. Rowe Price Group had a net margin of 35.05% and a return on equity of 28.93%. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.74 EPS. On average, analysts predict that T. Rowe Price Group Inc will post 7.52 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a $0.76 dividend. The ex-dividend date is Thursday, June 13th. This represents a $3.04 dividend on an annualized basis and a yield of 2.89%. T. Rowe Price Group’s payout ratio is currently 42.52%.

A number of analysts recently weighed in on the stock. BidaskClub raised shares of T. Rowe Price Group from a “sell” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research raised shares of T. Rowe Price Group from a “hold” rating to a “buy” rating and set a $116.00 price target for the company in a research report on Wednesday, April 3rd. Bank of America set a $112.00 price target on shares of T. Rowe Price Group and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Jefferies Financial Group upped their price target on shares of T. Rowe Price Group from $103.00 to $119.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Finally, Gabelli reaffirmed a “buy” rating on shares of T. Rowe Price Group in a research report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $106.75.

In other T. Rowe Price Group news, VP Scott B. David sold 45,118 shares of the company’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $107.88, for a total value of $4,867,329.84. Following the completion of the transaction, the vice president now directly owns 48,454 shares of the company’s stock, valued at approximately $5,227,217.52. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP W. Sharps Robert sold 2,617 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $100.73, for a total transaction of $263,610.41. Following the completion of the transaction, the vice president now directly owns 448,651 shares of the company’s stock, valued at $45,192,615.23. The disclosure for this sale can be found here. Over the last three months, insiders sold 67,735 shares of company stock valued at $7,289,340. 3.10% of the stock is currently owned by corporate insiders.

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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.

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Institutional Ownership by Quarter for T. Rowe Price Group (NASDAQ:TROW)

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