Duncker Streett & Co. Inc. increased its position in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 0.2% during the second quarter, according to its most recent filing with the SEC. The fund owned 2,478 shares of the asset manager’s stock after buying an additional 6 shares during the period. Duncker Streett & Co. Inc.’s holdings in T. Rowe Price Group were worth $184,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in T. Rowe Price Group by 1,722.6% in the first quarter. BlackRock Inc. now owns 16,378,787 shares of the asset manager’s stock worth $1,116,214,000 after buying an additional 15,480,155 shares during the period. JPMorgan Chase & Co. raised its position in T. Rowe Price Group by 6.7% in the first quarter. JPMorgan Chase & Co. now owns 11,600,022 shares of the asset manager’s stock worth $790,542,000 after buying an additional 728,477 shares in the last quarter. Geode Capital Management LLC raised its position in T. Rowe Price Group by 8.8% in the first quarter. Geode Capital Management LLC now owns 2,818,756 shares of the asset manager’s stock worth $191,869,000 after buying an additional 228,194 shares in the last quarter. Thomaspartners Inc. raised its position in T. Rowe Price Group by 12.6% in the first quarter. Thomaspartners Inc. now owns 2,208,621 shares of the asset manager’s stock worth $150,518,000 after buying an additional 246,695 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in T. Rowe Price Group by 15.6% in the first quarter. PNC Financial Services Group Inc. now owns 2,001,852 shares of the asset manager’s stock worth $136,428,000 after buying an additional 270,081 shares in the last quarter. 71.49% of the stock is currently owned by institutional investors.
Shares of T. Rowe Price Group, Inc. (NASDAQ TROW) traded up 0.17% during trading on Friday, hitting $82.79. 879,543 shares of the stock traded hands. The firm’s 50-day moving average price is $77.24 and its 200-day moving average price is $72.27. T. Rowe Price Group, Inc. has a 12 month low of $62.97 and a 12 month high of $85.42. The stock has a market cap of $19.90 billion, a PE ratio of 14.22 and a beta of 1.24.
T. Rowe Price Group (NASDAQ:TROW) last issued its quarterly earnings results on Tuesday, July 25th. The asset manager reported $1.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.01. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. T. Rowe Price Group had a net margin of 32.64% and a return on equity of 24.38%. The business’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.76 earnings per share. Analysts anticipate that T. Rowe Price Group, Inc. will post $5.69 EPS for the current year.
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A number of research firms recently weighed in on TROW. UBS AG reiterated a “sell” rating and issued a $63.00 price objective (up from $62.00) on shares of T. Rowe Price Group in a research note on Friday, July 14th. ValuEngine upgraded shares of T. Rowe Price Group from a “hold” rating to a “buy” rating in a research report on Wednesday. TheStreet upgraded shares of T. Rowe Price Group from a “c+” rating to a “b-” rating in a research report on Friday, April 28th. Argus lowered shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. Finally, Jefferies Group LLC set a $83.00 price target on shares of T. Rowe Price Group and gave the company a “buy” rating in a research report on Tuesday, June 20th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $77.90.
In related news, Director Anne M. Whittemore sold 8,326 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $82.03, for a total value of $682,981.78. Following the sale, the director now owns 28,982 shares of the company’s stock, valued at $2,377,393.46. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider David Oestreicher sold 10,394 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $83.07, for a total transaction of $863,429.58. Following the completion of the sale, the insider now directly owns 82,299 shares in the company, valued at approximately $6,836,577.93. The disclosure for this sale can be found here. 3.60% of the stock is owned by company insiders.
T. Rowe Price Group Company Profile
T. Rowe Price Group, Inc is a financial services holding company. The Company provides global investment management services through its subsidiaries to investors across the world. The Company provides an array of Company sponsored the United States mutual funds, other sponsored pooled investment vehicles, sub advisory services, separate account management, recordkeeping, and related services to individuals, advisors, institutions, financial intermediaries and retirement plan sponsors.
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