T. Rowe Price Group Inc (TROW) Shares Sold by Rockland Trust Co.

Rockland Trust Co. decreased its stake in T. Rowe Price Group Inc (NASDAQ:TROW) by 5.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 104,547 shares of the asset manager’s stock after selling 5,998 shares during the period. T. Rowe Price Group makes up 1.4% of Rockland Trust Co.’s portfolio, making the stock its 25th largest holding. Rockland Trust Co.’s holdings in T. Rowe Price Group were worth $10,970,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the company. Signature Estate & Investment Advisors LLC bought a new position in shares of T. Rowe Price Group during the third quarter valued at $118,000. Grove Bank & Trust raised its holdings in shares of T. Rowe Price Group by 178.7% in the third quarter. Grove Bank & Trust now owns 1,310 shares of the asset manager’s stock valued at $119,000 after buying an additional 840 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in shares of T. Rowe Price Group by 5.4% in the second quarter. Quadrant Capital Group LLC now owns 1,749 shares of the asset manager’s stock valued at $121,000 after buying an additional 89 shares during the last quarter. Sun Life Financial INC raised its holdings in shares of T. Rowe Price Group by 19,500.0% in the second quarter. Sun Life Financial INC now owns 1,764 shares of the asset manager’s stock valued at $131,000 after buying an additional 1,755 shares during the last quarter. Finally, Mckinley Capital Management LLC Delaware bought a new position in shares of T. Rowe Price Group in the second quarter valued at about $152,000. Institutional investors and hedge funds own 72.48% of the company’s stock.

In other news, CFO Kenneth V. Moreland sold 8,066 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $104.12, for a total transaction of $839,831.92. Following the sale, the chief financial officer now owns 100,796 shares in the company, valued at approximately $10,494,879.52. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Kenneth V. Moreland sold 14,419 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $97.07, for a total value of $1,399,652.33. Following the sale, the chief financial officer now owns 125,264 shares in the company, valued at approximately $12,159,376.48. The disclosure for this sale can be found here. Insiders sold a total of 204,980 shares of company stock worth $20,776,729 in the last 90 days. Company insiders own 3.60% of the company’s stock.

A number of research firms recently issued reports on TROW. ValuEngine raised T. Rowe Price Group from a “hold” rating to a “buy” rating in a report on Friday. Citigroup boosted their price objective on T. Rowe Price Group from $94.00 to $95.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. BidaskClub cut T. Rowe Price Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Zacks Investment Research cut 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. Finally, UBS Group upgraded T. Rowe Price Group from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $75.00 to $110.00 in a research report on Tuesday, January 9th. One research 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. T. Rowe Price Group has a consensus rating of “Hold” and an average target price of $98.70.

T. Rowe Price Group Inc (NASDAQ:TROW) opened at $109.82 on Friday. T. Rowe Price Group Inc has a 12-month low of $66.70 and a 12-month high of $120.07. The stock has a market capitalization of $27,150.00, a P/E ratio of 18.40, a P/E/G ratio of 1.45 and a beta of 1.28.

T. Rowe Price Group (NASDAQ:TROW) last released its earnings results on Tuesday, January 30th. The asset manager reported $1.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.48 by $0.04. The firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.27 billion. T. Rowe Price Group had a return on equity of 25.30% and a net margin of 31.07%. The business’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.21 EPS. equities research analysts expect that T. Rowe Price Group Inc will post 6.92 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.

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

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