1,965 Shares in T. Rowe Price Group Inc (TROW) Purchased by Shelton Capital Management

Shelton Capital Management purchased a new position in T. Rowe Price Group Inc (NASDAQ:TROW) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,965 shares of the asset manager’s stock, valued at approximately $206,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Signature Estate & Investment Advisors LLC purchased a new position in T. Rowe Price Group in the 3rd quarter worth approximately $118,000. Grove Bank & Trust boosted its holdings 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 acquiring an additional 840 shares during the period. Stewart & Patten Co. LLC purchased a new position in T. Rowe Price Group in the 3rd quarter worth approximately $201,000. Segall Bryant & Hamill LLC purchased a new position in T. Rowe Price Group in the 3rd quarter worth approximately $202,000. Finally, Bremer Trust National Association purchased a new position in T. Rowe Price Group in the 3rd quarter worth approximately $205,000. Hedge funds and other institutional investors own 72.30% of the company’s stock.

T. Rowe Price Group Inc (TROW) opened at $103.41 on Monday. T. Rowe Price Group Inc has a 52-week low of $66.70 and a 52-week high of $120.07. The stock has a market capitalization of $25,060.00, a P/E ratio of 17.32, a price-to-earnings-growth ratio of 1.32 and a beta of 1.28.

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

A number of equities analysts have weighed in on the company. Zacks Investment Research cut T. Rowe Price Group from a “buy” rating to a “hold” rating and set a $115.00 price target for the company. in a report on Friday, January 5th. UBS Group upped their target price on T. Rowe Price Group from $69.00 to $72.00 and gave the company a “sell” rating in a research report on Friday, October 27th. Barclays upped their target price on T. Rowe Price Group from $79.00 to $84.00 and gave the company an “underweight” rating in a research report on Friday, October 27th. Citigroup upped their target price on T. Rowe Price Group from $94.00 to $95.00 and gave the company a “neutral” rating in a research report on Friday, October 27th. Finally, Bank of America raised T. Rowe Price Group from a “neutral” rating to a “buy” rating and upped their target price for the company from $113.00 to $125.00 in a research report on Monday, January 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. T. Rowe Price Group currently has a consensus rating of “Hold” and a consensus price target of $98.70.

In related 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 transaction of $700,066.64. Following the sale, the vice president now directly owns 119,846 shares of the company’s stock, valued at approximately $12,323,764.18. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO William J. Stromberg sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $97.09, for a total value of $2,912,700.00. Following the sale, the chief executive officer now directly owns 534,077 shares in the company, valued at $51,853,535.93. The disclosure for this sale can be found here. Over the last three months, insiders have sold 204,980 shares of company stock worth $20,776,729. Corporate insiders own 3.60% of the company’s stock.

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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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