Cwm LLC Has $17.08 Million Stake in T. Rowe Price Group, Inc. (NASDAQ:TROW)

CWM LLC raised its stake in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 0.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 230,094 shares of the asset manager’s stock after buying an additional 1,341 shares during the period. CWM LLC owned 0.10% of T. Rowe Price Group worth $17,075,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of TROW. Quadrant Capital Group LLC increased 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 last quarter. Mosaic Family Wealth LLC increased 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 last quarter. FNY Partners Fund LP acquired a new position in T. Rowe Price Group during the first quarter valued at $147,000. Duncker Streett & Co. Inc. increased 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 last quarter. Finally, Mycio Wealth Partners LLC purchased a new position in shares of T. Rowe Price Group during the first quarter valued at approximately $207,000. Hedge funds and other institutional investors own 71.86% of the company’s stock.

Shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) opened at 82.79 on Friday. The stock has a 50 day moving average of $79.43 and a 200-day moving average of $72.85. The company has a market capitalization of $19.90 billion, a price-to-earnings ratio of 14.22 and a beta of 1.24. T. Rowe Price Group, Inc. has a one year low of $62.97 and a one year high of $85.42.

T. Rowe Price Group (NASDAQ:TROW) last posted its earnings results on Tuesday, July 25th. The asset manager reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.01. T. Rowe Price Group had a net margin of 32.64% and a return on equity of 24.38%. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the firm posted $0.76 earnings per share. T. Rowe Price Group’s revenue for the quarter was up 12.1% compared to the same quarter last year. On average, equities analysts expect that T. Rowe Price Group, Inc. will post $5.65 earnings per share for the current year.

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Several brokerages recently commented on TROW. UBS AG reaffirmed a “sell” rating and set a $63.00 price objective (up previously from $62.00) on shares of T. Rowe Price Group in a research note on Friday, July 14th. ValuEngine raised shares of T. Rowe Price Group from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. TheStreet raised shares of T. Rowe Price Group from a “c+” rating to a “b-” rating in a research note on Friday, April 28th. Argus cut shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. Finally, Jefferies Group LLC set a $83.00 price objective on shares of T. Rowe Price Group and gave the company a “buy” rating in a research note on Tuesday, June 20th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. The company 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 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 completion of the transaction, the director now directly owns 28,982 shares of the company’s stock, valued at $2,377,393.46. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider David Oestreicher sold 10,394 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 82,299 shares of the company’s stock, valued at $6,836,577.93. 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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