T. Rowe Price Group sees increased institutional investment

T. Rowe Price Group, Inc. (TROW) has seen recent activity from institutional investors and quantitative analysis regarding its valuation and dividend history. Stoneridge Investment Partners LLC disclosed a new position in the asset manager during the second quarter, purchasing 9,331 shares valued at approximately $1,043,000.

Other institutional movements include Woodline Partners LP increasing its stake by 41.0% in the first quarter, and EverSource Wealth Advisors LLC growing its position by 44.8% in the second quarter. Daiwa Securities Group Inc. also increased its holdings by 5.4% during the second quarter. Currently, institutional investors and hedge funds own 73.39% of the company's stock.

Financial analysis indicates the stock has been trading at a discount to certain fair value calculations. The company maintains a long-standing dividend record, having paid cash dividends annually since 1986 and increasing those payments for 39 consecutive years. Morgan Stanley has set a price objective of $116.00 for the shares.