Meag Munich Ergo Kapitalanlagegesellschaft MBH Has $3.38 Million Stake in T. Rowe Price Group Inc (NASDAQ:TROW)

Meag Munich Ergo Kapitalanlagegesellschaft MBH cut its holdings in shares of T. Rowe Price Group Inc (NASDAQ:TROW) by 8.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,936 shares of the asset manager’s stock after selling 2,880 shares during the quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in T. Rowe Price Group were worth $3,384,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of TROW. Signature Estate & Investment Advisors LLC acquired a new position in shares of T. Rowe Price Group in the 3rd quarter worth approximately $118,000. Grove Bank & Trust lifted its holdings in shares of 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 last quarter. Quadrant Capital Group LLC lifted its holdings in shares of T. Rowe Price Group by 5.4% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,749 shares of the asset manager’s stock worth $121,000 after acquiring an additional 89 shares during the last quarter. Sun Life Financial INC lifted its holdings in shares of T. Rowe Price Group by 19,500.0% in the 2nd quarter. Sun Life Financial INC now owns 1,764 shares of the asset manager’s stock worth $131,000 after acquiring an additional 1,755 shares during the last quarter. Finally, Stock Yards Bank & Trust Co. acquired a new position in shares of T. Rowe Price Group in the 4th quarter worth approximately $205,000. Institutional investors own 71.89% of the company’s stock.

Shares of T. Rowe Price Group Inc (NASDAQ:TROW) opened at $104.93 on Tuesday. The company has a market cap of $25,430.00, a price-to-earnings ratio of 17.58, a PEG ratio of 1.32 and a beta of 1.28. T. Rowe Price Group Inc has a 52 week low of $66.70 and a 52 week high of $120.07.

T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly 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. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.27 billion. T. Rowe Price Group had a net margin of 31.07% and a return on equity of 25.30%. The business’s revenue was up 17.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.21 EPS. research analysts forecast that T. Rowe Price Group Inc will post 6.91 earnings per share for the current year.

In other T. Rowe Price Group news, CFO Kenneth V. Moreland sold 14,419 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $97.07, for a total transaction of $1,399,652.33. Following the completion of the transaction, the chief financial officer now directly owns 125,264 shares in the company, valued at approximately $12,159,376.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William J. Stromberg sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $97.09, for a total transaction of $2,912,700.00. Following the transaction, the chief executive officer now owns 534,077 shares of the company’s stock, valued at $51,853,535.93. The disclosure for this sale can be found here. Insiders sold a total of 204,980 shares of company stock valued at $20,776,729 in the last quarter. Insiders own 3.60% of the company’s stock.

A number of brokerages have commented on TROW. ValuEngine raised shares of T. Rowe Price Group from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. BidaskClub cut shares of T. Rowe Price Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 31st. Bank of America upgraded shares of 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 report on Monday, January 8th. Zacks Investment Research upgraded shares of T. Rowe Price Group from a “hold” rating to a “buy” rating and set a $118.00 target price for the company in a report on Wednesday, December 27th. Finally, Citigroup upped their target price on shares of T. Rowe Price Group from $94.00 to $95.00 and gave the company a “neutral” rating in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $98.70.

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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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