Janney Montgomery Scott LLC Has $5.66 Million Position in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Janney Montgomery Scott LLC boosted its stake in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 5.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,214 shares of the asset manager’s stock after buying an additional 4,093 shares during the period. Janney Montgomery Scott LLC’s holdings in T. Rowe Price Group were worth $5,656,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quadrant Capital Group LLC raised its position in T. Rowe Price Group by 1.4% in the first quarter. Quadrant Capital Group LLC now owns 1,660 shares of the asset manager’s stock valued at $107,000 after buying an additional 23 shares during the period. Mosaic Family Wealth LLC raised its position in T. Rowe Price Group by 4.5% in the first quarter. Mosaic Family Wealth LLC now owns 1,967 shares of the asset manager’s stock valued at $134,000 after buying an additional 85 shares during the period. FNY Partners Fund LP purchased a new position in T. Rowe Price Group during the first quarter valued at approximately $147,000. Benjamin F. Edwards & Company Inc. raised its position in T. Rowe Price Group by 103.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,119 shares of the asset manager’s stock valued at $157,000 after buying an additional 1,075 shares during the period. Finally, Duncker Streett & Co. Inc. raised its position in T. Rowe Price Group by 57.9% in the first quarter. Duncker Streett & Co. Inc. now owns 2,472 shares of the asset manager’s stock valued at $168,000 after buying an additional 906 shares during the period. Hedge funds and other institutional investors own 71.86% of the company’s stock.

T. Rowe Price Group, Inc. (NASDAQ TROW) traded down 0.07% during mid-day trading on Friday, hitting $82.79. 1,127,023 shares of the stock traded hands. T. Rowe Price Group, Inc. has a 12-month low of $62.97 and a 12-month high of $85.42. The company has a 50 day moving average of $79.43 and a 200-day moving average of $72.85. 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 announced its earnings results on Tuesday, July 25th. The asset manager reported $1.28 EPS for the quarter, beating analysts’ consensus estimates 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 company’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.76 EPS. Equities research analysts forecast that T. Rowe Price Group, Inc. will post $5.65 earnings per share for the current year.

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TROW has been the subject of several recent analyst reports. TheStreet upgraded shares of T. Rowe Price Group from a “c+” rating to a “b-” rating in a research note on Friday, April 28th. Jefferies Group LLC reiterated a “buy” rating and set a $83.00 price objective (down previously from $84.00) on shares of T. Rowe Price Group in a research note on Monday, April 17th. Zacks Investment Research upgraded shares of T. Rowe Price Group from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research note on Wednesday, June 28th. BidaskClub lowered shares of T. Rowe Price Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 1st. Finally, ValuEngine upgraded shares of T. Rowe Price Group from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Three analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $77.90.

In other news, insider David Oestreicher sold 10,394 shares of T. Rowe Price Group stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $83.07, for a total value of $863,429.58. Following the transaction, the insider now directly owns 82,299 shares of the company’s stock, valued at approximately $6,836,577.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Anne M. Whittemore sold 8,326 shares of T. Rowe Price Group stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $82.03, for a total transaction of $682,981.78. Following the completion of the transaction, the director now directly owns 28,982 shares in the company, valued at $2,377,393.46. The disclosure for this sale can be found here. Insiders own 3.60% of the company’s stock.

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.

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

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