Guardian Wealth Advisors LLC Raises Stake in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Financial Advisors


Guardian Wealth Advisors LLC increased its stock position in T. Rowe Price Group, Inc. (NASDAQ:TROW – Get Rating) by 387.3% in the fourth quarter, according to its latest disclosure to the SEC. The institutional investor owned his 5,214 shares of the asset manager’s stock after purchasing an additional 4,144 of his shares during the quarter. T. Rowe Price Group represents approximately 0.5% of Guardian Wealth Advisors LLC’s investment portfolio, making the company’s stock his 29th largest. His holdings in the T. Rowe Price Group of Guardian Wealth Advisors LLC were worth $569,000 at the end of the most recent quarter.

Several other large investors have also recently changed positions in the company. Larson Financial Group LLC increased his T. Rowe Price Group stock position by 4.0% in the fourth quarter. Larson Financial Group LLC owns 2,712 shares of the asset manager worth $296,000 after purchasing an additional 105 shares last quarter. Spire Wealth Management increased its stake in T. Rowe Price Group by 15.3% in the fourth quarter. He owns 2,414 shares of the asset manager worth $263,000 after Spire Wealth Management purchased an additional 320 shares of him during the last quarter. BHK Investment Advisors LLC increased its stake in T. Rowe Price Group by 12.5% ​​in the fourth quarter. BHK Investment Advisors LLC owns 3,690 shares of the Asset Manager worth $402,000 after purchasing an additional 411 shares during the previous quarter. Simplicity Solutions LLC increased its stake in T. Rowe Price Group by 5.7% in the fourth quarter. Simplicity Solutions LLC owns 4,059 shares of the Asset Manager worth $443,000 after purchasing an additional 220 shares during the previous quarter. Finally, ARGI Investment Services LLC increased its stake in T. Rowe Price Group by 4.7% in the fourth quarter. ARGI Investment Services LLC now owns 46,850 shares of Asset Manager stock valued at $5,109,000 after purchasing an additional 2,124 shares during the previous quarter. Currently 76.58% of the shares are owned by hedge funds and other institutional investors.

insider bet

In another news from T. Rowe Price Group, Vice President Andrew C. McCormick sold 14,154 shares of the company in a transaction on Friday, February 10th. The shares were sold at an average price of $116.73 and the total transaction value he was $1,652,196.42. After the sale, Vice President now owns 70,319 shares of the company’s stock, valued at approximately $8,208,336.87. The sale is disclosed in documents filed with the SEC and available on his website. In another piece of T. Rowe Price Group news, his vice president, Andrew C. McCormick, sold 14,154 shares of the company’s stock in a transaction on Friday, Feb. 10. The shares were sold at an average price of $116.73 and the total transaction value he was $1,652,196.42. After the sale, Vice President now owns 70,319 shares of the company’s stock, valued at approximately $8,208,336.87. The sale is disclosed in documents filed with the SEC and available on the SEC’s website. VP Andrew Justin Mackenzi Thomson also sold 11,969 shares of the company in a transaction on Tuesday, February 21st. The shares were sold at an average price of $114.52, giving him a total of $1,370,689.88. After the sale, the Vice President now owns 129,436 shares of the company’s stock, valued at approximately $14,823,010.72. Please see here for the disclosure of this sale. His 2.10% of the shares are owned by insiders.

Wall Street Analyst Predicts Growth

Many equity analysts give the company weight. Deutsche Bank Aktiengesellschaft lowered its price target for T. Rowe Price Group from $121.00 to $113.00 and gave the stock a ‘Hold’ rating in its research notes on Friday, January 27. TheStreet downgraded T. Rowe Price Group’s rating from ‘b-‘ to ‘c’ in its research notes on Thursday, January 26. JPMorgan Chase & Co. lowered its price target on T. Rowe Price Group from $96.00 to $95.00, giving it an “underweight” rating in its research notes on Friday, January 27. Credit Suisse Group has lowered its price target for T. Rowe Price Group from $70.00 to $65.00, giving it an “underperforming” rating in its research notes on Friday, January 27. Finally, BMO Capital Markets lowered its price target on T. Rowe Price Group from $105.00 to $90.00 and set a ‘Market Perform’ rating in its research notes on Friday, January 27th. Five equity research analysts assigned a sell rating to the stock and six assigned a hold rating to the company’s stock. MarketBeat data shows that T. Rowe Price Group has an average valuation of ‘hold’ and an average target price of $93.00.

T. Rowe Price Group trading down 1.0%

TROW fell by $1.16 in intraday trading on Friday to reach $110.98. 244,096 shares of stock were exchanged, with an average turnover of 1,684,443 shares. The company’s 50-day moving average is $111.91 and his 200-day moving average is $113.59. His one-year low for T. Rowe Price Group, Inc. is $93.53 and his one-year high is $139.71. The company has a market capitalization of $24.92 billion, a PE ratio of 16.76, a PEG ratio of 2.83 and a beta of 1.30.

T. Rowe Price Group (NASDAQ:TROW – Get Rating) last reported earnings on Thursday, Jan. 26. The asset manager reported earnings per share (EPS) of $1.74 for the quarter, beating consensus expectations of $1.72 by $0.02. T. Rowe Price Group’s return on equity was 20.36% and net profit margin was 24.01%. The company’s revenue for the quarter was $1.54 billion, compared with analyst estimates of $1.53 billion. In the same quarter last year, the company earned his EPS of $3.17. T. Rowe Price Group revenues declined 21.4% year-on-year. As a group, research analysts expect T. Rowe Price Group, Inc. to post his 6.68 earnings per share for the current year.

T. Rowe Price Group increases dividend

The business recently announced a quarterly dividend, which was paid out on Thursday, March 30th. A dividend of $1.22 per share was issued to shareholders of record on Wednesday, March 15. This is up from T. Rowe Price Group’s previous quarterly dividend of $1.20. The ex-dividend date was Tuesday, March 14. This represents an annualized dividend of $4.88 and a yield of 4.40%. T. Rowe Price Group’s dividend payout ratio is 72.94%.

About T. Rowe Price Group

(get rating)

T. Rowe Price Group, Inc. is engaged in providing investment management services. The company was founded by Thomas Rowe Price Jr. in 1937 and is headquartered in Baltimore, Maryland.

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Want to see other hedge funds holding TROW? Visit HoldingsChannel.com for the latest T. Rowe Price Group, Inc. (NASDAQ:TROW – Get Rating) 13F filings and insider trading.

Quarterly Institutional Ownership of T. Rowe Price Group (NASDAQ:TROW)

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