Tdam USA Inc. Has $331,000 Stake in T. Rowe Price Group Inc (NASDAQ:TROW)

Tdam USA Inc. raised its stake in T. Rowe Price Group Inc (NASDAQ:TROW) by 20.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,021 shares of the asset manager’s stock after buying an additional 520 shares during the quarter. Tdam USA Inc.’s holdings in T. Rowe Price Group were worth $331,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Legacy Financial Strategies LLC lifted its stake in T. Rowe Price Group by 4.3% in the second quarter. Legacy Financial Strategies LLC now owns 6,272 shares of the asset manager’s stock valued at $686,000 after buying an additional 261 shares during the period. Hendley & Co. Inc. raised its position in shares of T. Rowe Price Group by 2.0% during the first quarter. Hendley & Co. Inc. now owns 58,031 shares of the asset manager’s stock worth $5,810,000 after purchasing an additional 1,125 shares during the period. Sprucegrove Investment Management Ltd. raised its position in shares of T. Rowe Price Group by 15.6% during the first quarter. Sprucegrove Investment Management Ltd. now owns 254,800 shares of the asset manager’s stock worth $25,511,000 after purchasing an additional 34,300 shares during the period. Raymond James Trust N.A. raised its position in shares of T. Rowe Price Group by 6.4% during the second quarter. Raymond James Trust N.A. now owns 10,653 shares of the asset manager’s stock worth $1,169,000 after purchasing an additional 639 shares during the period. Finally, BP PLC acquired a new stake in shares of T. Rowe Price Group during the second quarter worth about $2,633,000. 69.51% of the stock is currently owned by hedge funds and other institutional investors.

In other T. Rowe Price Group news, VP Christopher D. Alderson sold 36,898 shares of the company’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $114.41, for a total value of $4,221,500.18. Following the sale, the vice president now owns 414,144 shares in the company, valued at approximately $47,382,215.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mary K. Bush sold 3,500 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $107.06, for a total value of $374,710.00. Following the completion of the sale, the director now owns 19,243 shares in the company, valued at approximately $2,060,155.58. The disclosure for this sale can be found here. Insiders have sold a total of 64,209 shares of company stock worth $7,302,649 in the last 90 days. 3.10% of the stock is currently owned by corporate insiders.

A number of equities research analysts have recently commented on TROW shares. Citigroup raised their price target on T. Rowe Price Group from $113.00 to $115.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 9th. Deutsche Bank dropped their price target on T. Rowe Price Group from $115.00 to $112.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. BidaskClub raised T. Rowe Price Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. Morgan Stanley raised their price target on T. Rowe Price Group from $117.00 to $122.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Finally, Barclays raised their price target on T. Rowe Price Group from $90.00 to $95.00 and gave the stock an “underweight” rating in a research report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $109.75.

Shares of NASDAQ TROW traded up $0.70 during midday trading on Thursday, hitting $106.06. 8,906 shares of the company’s stock were exchanged, compared to its average volume of 1,264,293. The company has a market capitalization of $25.11 billion, a price-to-earnings ratio of 14.85, a PEG ratio of 1.61 and a beta of 1.05. The business has a 50 day moving average of $110.00. The company has a quick ratio of 3.91, a current ratio of 3.91 and a debt-to-equity ratio of 0.02. T. Rowe Price Group Inc has a 12 month low of $84.59 and a 12 month high of $117.68.

T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly earnings data on Wednesday, July 24th. The asset manager reported $2.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.88 by $0.15. T. Rowe Price Group had a return on equity of 28.80% and a net margin of 36.17%. The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the previous year, the firm earned $1.87 EPS. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. As a group, equities analysts forecast that T. Rowe Price Group Inc will post 7.78 EPS for the current fiscal year.

T. Rowe Price Group Company Profile

T. Rowe Price Group, Inc is a publicly owned investment manager. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. It launches and manages equity and fixed income mutual funds. The firm invests in the public equity and fixed income markets across the globe.

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

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