Hunter Associates Investment Management LLC Acquires 3,027 Shares of T. Rowe Price Group, Inc. (NASDAQ:TROW)

Hunter Associates Investment Management LLC increased its stake in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 2.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 109,498 shares of the asset manager's stock after acquiring an additional 3,027 shares during the period. T. Rowe Price Group comprises about 1.9% of Hunter Associates Investment Management LLC's portfolio, making the stock its 12th largest position. Hunter Associates Investment Management LLC's holdings in T. Rowe Price Group were worth $12,377,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Creative Planning boosted its holdings in T. Rowe Price Group by 5.4% during the second quarter. Creative Planning now owns 55,147 shares of the asset manager's stock worth $6,359,000 after purchasing an additional 2,827 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of T. Rowe Price Group by 0.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 23,910 shares of the asset manager's stock worth $2,757,000 after buying an additional 118 shares during the last quarter. Quarry LP acquired a new position in shares of T. Rowe Price Group during the 2nd quarter worth about $86,000. EP Wealth Advisors LLC acquired a new stake in shares of T. Rowe Price Group in the second quarter valued at about $419,000. Finally, Cetera Investment Advisers raised its holdings in T. Rowe Price Group by 3.2% during the second quarter. Cetera Investment Advisers now owns 44,646 shares of the asset manager's stock worth $5,148,000 after acquiring an additional 1,385 shares in the last quarter. 73.39% of the stock is owned by institutional investors.

T. Rowe Price Group Stock Up 0.3 %

Shares of T. Rowe Price Group stock traded up $0.35 during trading on Tuesday, reaching $115.62. The company's stock had a trading volume of 2,012,724 shares, compared to its average volume of 1,493,848. The business's 50-day moving average price is $116.74 and its 200-day moving average price is $112.64. T. Rowe Price Group, Inc. has a 52 week low of $100.49 and a 52 week high of $125.81. The firm has a market cap of $25.69 billion, a PE ratio of 12.65, a P/E/G ratio of 1.78 and a beta of 1.44.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last posted its quarterly earnings data on Friday, November 1st. The asset manager reported $2.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.36 by $0.21. T. Rowe Price Group had a net margin of 30.35% and a return on equity of 20.35%. The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the previous year, the firm posted $2.17 EPS. The business's revenue for the quarter was up 6.9% compared to the same quarter last year. Equities analysts predict that T. Rowe Price Group, Inc. will post 9.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TROW. Wells Fargo & Company decreased their target price on shares of T. Rowe Price Group from $124.00 to $118.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 14th. TD Cowen cut their target price on shares of T. Rowe Price Group from $120.00 to $116.00 and set a "hold" rating for the company in a research note on Monday, November 4th. Morgan Stanley boosted their price target on T. Rowe Price Group from $129.00 to $132.00 and gave the stock an "equal weight" rating in a research report on Friday, December 20th. Evercore ISI lifted their target price on T. Rowe Price Group from $112.00 to $113.00 and gave the stock an "in-line" rating in a research note on Thursday, November 7th. Finally, StockNews.com cut T. Rowe Price Group from a "buy" rating to a "hold" rating in a research note on Sunday. Four investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $115.82.

Insider Activity

In related news, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of the business's stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $123.35, for a total value of $499,197.45. Following the completion of the transaction, the vice president now owns 119,577 shares of the company's stock, valued at $14,749,822.95. The trade was a 3.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.00% of the stock is owned by company insiders.

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.