Rothschild Investment Corp IL Has $419,000 Position in T. Rowe Price Group, Inc. (TROW)

Rothschild Investment Corp IL cut its position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 1.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,650 shares of the asset manager’s stock after selling 100 shares during the period. Rothschild Investment Corp IL’s holdings in T. Rowe Price Group were worth $419,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC raised its position in T. Rowe Price Group by 135.4% in the fourth quarter. FMR LLC now owns 267,385 shares of the asset manager’s stock worth $20,123,000 after buying an additional 153,787 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in T. Rowe Price Group by 5.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 8,558 shares of the asset manager’s stock worth $644,000 after buying an additional 430 shares during the period. Hendley & Co. Inc. increased its stake in T. Rowe Price Group by 1.0% in the fourth quarter. Hendley & Co. Inc. now owns 16,337 shares of the asset manager’s stock worth $1,230,000 after buying an additional 165 shares during the period. Teachers Advisors LLC increased its stake in T. Rowe Price Group by 73.1% in the fourth quarter. Teachers Advisors LLC now owns 602,281 shares of the asset manager’s stock worth $45,328,000 after buying an additional 254,363 shares during the period. Finally, Kentucky Retirement Systems acquired a new stake in T. Rowe Price Group during the fourth quarter worth $1,329,000. 71.86% of the stock is currently owned by institutional investors and hedge funds.

Shares of T. Rowe Price Group, Inc. (NASDAQ TROW) traded down 0.07% on Friday, reaching $82.79. The company had a trading volume of 1,127,023 shares. The company has a 50-day moving average price of $79.43 and a 200-day moving average price of $72.85. T. Rowe Price Group, Inc. has a 52-week low of $62.97 and a 52-week high of $85.42. The firm has a market capitalization 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, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.01. The company 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 revenue for the quarter was up 12.1% on a year-over-year basis. During the same period last year, the firm earned $0.76 earnings per share. Equities research analysts forecast that T. Rowe Price Group, Inc. will post $5.65 EPS for the current fiscal year.

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A number of research firms recently weighed in on TROW. UBS AG restated a “sell” rating and issued a $63.00 price target (up from $62.00) on shares of T. Rowe Price Group in a research note on Friday, July 14th. ValuEngine upgraded T. Rowe Price Group from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. TheStreet upgraded T. Rowe Price Group from a “c+” rating to a “b-” rating in a research report on Friday, April 28th. Argus downgraded 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 objective on T. Rowe Price Group and gave the company a “buy” rating in a research report on Tuesday, June 20th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $77.90.

In related news, insider David Oestreicher sold 10,394 shares of the 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 sale, the insider now owns 82,299 shares in the company, valued at approximately $6,836,577.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Anne M. Whittemore sold 8,326 shares of the stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $82.03, for a total transaction of $682,981.78. Following the sale, the director now owns 28,982 shares in the company, valued at approximately $2,377,393.46. The disclosure for this sale can be found here. Company 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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