Calton & Associates Inc. Buys New Stake in T. Rowe Price Group Inc (TROW)

Calton & Associates Inc. bought a new stake in T. Rowe Price Group Inc (NASDAQ:TROW) in the fourth quarter, Holdings Channel reports. The institutional investor bought 1,899 shares of the asset manager’s stock, valued at approximately $224,000.

A number of other institutional investors have also recently modified their holdings of the stock. Signature Estate & Investment Advisors LLC bought a new stake in T. Rowe Price Group during the 3rd quarter worth approximately $118,000. Grove Bank & Trust increased its holdings in T. Rowe Price Group by 178.7% during 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 in the last quarter. Stock Yards Bank & Trust Co. bought a new stake in T. Rowe Price Group during the 4th quarter worth approximately $205,000. Zevin Asset Management LLC bought a new stake in T. Rowe Price Group during the 4th quarter worth approximately $207,000. Finally, Checchi Capital Advisers LLC bought a new stake in T. Rowe Price Group during the 4th quarter worth approximately $207,000. 72.30% of the stock is owned by institutional investors and hedge funds.

In other news, VP Christopher D. Alderson sold 6,808 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $102.83, for a total value of $700,066.64. Following the completion of the transaction, the vice president now directly owns 119,846 shares of the company’s stock, valued at $12,323,764.18. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Kenneth V. Moreland sold 8,066 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $104.12, for a total value of $839,831.92. Following the completion of the transaction, the chief financial officer now directly owns 100,796 shares of the company’s stock, valued at $10,494,879.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 204,980 shares of company stock valued at $20,776,729. 3.60% of the stock is currently owned by corporate insiders.

T. Rowe Price Group Inc (NASDAQ TROW) opened at $103.41 on Friday. The stock has a market capitalization of $24,350.00, a P/E ratio of 17.32, a PEG ratio of 1.36 and a beta of 1.28. T. Rowe Price Group Inc has a twelve month low of $66.70 and a twelve month high of $120.07.

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

A number of brokerages have commented on TROW. ValuEngine raised T. Rowe Price Group from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. BidaskClub lowered T. Rowe Price Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 31st. UBS Group raised T. Rowe Price Group from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $75.00 to $110.00 in a report on Tuesday, January 9th. Bank of America raised T. Rowe Price Group from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $113.00 to $125.00 in a report on Monday, January 8th. Finally, Zacks Investment Research lowered T. Rowe Price Group from a “buy” rating to a “hold” rating and set a $115.00 price objective for the company. in a report on Friday, January 5th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $98.70.

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About T. Rowe Price Group

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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