Zevin Asset Management LLC Buys Shares of 1,972 T. Rowe Price Group Inc (TROW)

Zevin Asset Management LLC bought a new stake in T. Rowe Price Group Inc (NASDAQ:TROW) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 1,972 shares of the asset manager’s stock, valued at approximately $207,000.

A number of other large investors have also recently bought and sold shares of TROW. Signature Estate & Investment Advisors LLC acquired a new stake in T. Rowe Price Group in the 3rd quarter worth $118,000. Grove Bank & Trust grew its position in T. Rowe Price Group by 178.7% in the 3rd quarter. Grove Bank & Trust now owns 1,310 shares of the asset manager’s stock worth $119,000 after purchasing an additional 840 shares during the last quarter. Quadrant Capital Group LLC grew its position in T. Rowe Price Group by 5.4% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,749 shares of the asset manager’s stock worth $121,000 after purchasing an additional 89 shares during the last quarter. Stewart & Patten Co. LLC acquired a new stake in T. Rowe Price Group in the 3rd quarter worth $201,000. Finally, Segall Bryant & Hamill LLC acquired a new stake in T. Rowe Price Group in the 3rd quarter worth $202,000. Institutional investors and hedge funds own 72.30% of the company’s stock.

In other news, CFO Kenneth V. Moreland sold 14,419 shares of T. Rowe Price Group stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $97.07, for a total transaction of $1,399,652.33. Following the sale, the chief financial officer now directly owns 125,264 shares in the company, valued at approximately $12,159,376.48. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Freeman A. Hrabowski III sold 4,000 shares of T. Rowe Price Group stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $101.59, for a total transaction of $406,360.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 204,980 shares of company stock worth $20,776,729. 3.60% of the stock is owned by company insiders.

TROW has been the topic of several research analyst reports. Jefferies Group restated a “buy” rating and issued a $104.00 price target (up from $96.00) on shares of T. Rowe Price Group in a research report on Tuesday, October 10th. Citigroup raised their price target on shares of T. Rowe Price Group from $94.00 to $95.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. Barclays raised their price target on shares of T. Rowe Price Group from $79.00 to $84.00 and gave the stock an “underweight” rating in a research report on Friday, October 27th. UBS Group raised their price target on shares of T. Rowe Price Group from $69.00 to $72.00 and gave the stock a “sell” rating in a research report on Friday, October 27th. Finally, Zacks Investment Research lowered shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a research report on Wednesday, December 6th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $98.70.

Shares of T. Rowe Price Group Inc (NASDAQ:TROW) traded down $0.20 during trading on Monday, hitting $109.69. 202,986 shares of the stock traded hands, compared to its average volume of 1,583,096. T. Rowe Price Group Inc has a 1-year low of $66.70 and a 1-year high of $120.07. The firm has a market cap of $26,627.45, a price-to-earnings ratio of 18.41, a P/E/G ratio of 1.40 and a beta of 1.28.

T. Rowe Price Group (NASDAQ:TROW) last issued its earnings results on Tuesday, January 30th. The asset manager reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.04. T. Rowe Price Group had a net margin of 31.07% and a return on equity of 25.30%. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the previous year, the business earned $1.21 EPS. The firm’s revenue was up 17.9% on a year-over-year basis. equities research analysts anticipate that T. Rowe Price Group Inc will post 6.91 EPS for the current year.

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

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