GHP Investment Advisors Inc. cut its holdings in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 10.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,350 shares of the asset manager's stock after selling 2,843 shares during the quarter. GHP Investment Advisors Inc.'s holdings in T. Rowe Price Group were worth $2,754,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Iron Horse Wealth Management LLC lifted its stake in T. Rowe Price Group by 90.9% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 231 shares of the asset manager's stock worth $25,000 after purchasing an additional 110 shares in the last quarter. Y.D. More Investments Ltd raised its position in shares of T. Rowe Price Group by 124.0% in the fourth quarter. Y.D. More Investments Ltd now owns 280 shares of the asset manager's stock worth $32,000 after buying an additional 155 shares in the last quarter. Hexagon Capital Partners LLC boosted its stake in T. Rowe Price Group by 54.7% during the third quarter. Hexagon Capital Partners LLC now owns 294 shares of the asset manager's stock valued at $32,000 after buying an additional 104 shares during the period. True Wealth Design LLC purchased a new position in T. Rowe Price Group during the third quarter worth about $37,000. Finally, Larson Financial Group LLC grew its position in T. Rowe Price Group by 866.7% during the third quarter. Larson Financial Group LLC now owns 348 shares of the asset manager's stock worth $38,000 after buying an additional 312 shares in the last quarter. Institutional investors own 73.39% of the company's stock.
T. Rowe Price Group Stock Up 0.1 %
Shares of T. Rowe Price Group stock traded up $0.10 during trading on Monday, reaching $110.24. 639,147 shares of the stock were exchanged, compared to its average volume of 1,569,692. T. Rowe Price Group, Inc. has a 1 year low of $100.49 and a 1 year high of $125.81. The stock's fifty day moving average is $115.78 and its 200 day moving average is $112.54. The firm has a market cap of $24.49 billion, a price-to-earnings ratio of 12.06, a price-to-earnings-growth ratio of 1.70 and a beta of 1.44.
T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The asset manager reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.20 by ($0.08). T. Rowe Price Group had a net margin of 29.61% and a return on equity of 20.91%. During the same quarter in the previous year, the firm posted $1.72 EPS. Equities analysts forecast that T. Rowe Price Group, Inc. will post 9.36 earnings per share for the current year.
Insider Activity at T. Rowe Price Group
In other news, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of the business's stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $123.35, for a total transaction of $499,197.45. Following the completion of the transaction, the vice president now directly 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 at the SEC website. 2.00% of the stock is currently owned by insiders.
Analyst Ratings Changes
A number of analysts have recently issued reports on the company. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $113.00 price target (up previously from $111.00) on shares of T. Rowe Price Group in a research report on Thursday. Morgan Stanley raised their price objective on shares of T. Rowe Price Group from $129.00 to $132.00 and gave the company an "equal weight" rating in a research report on Friday, December 20th. Wells Fargo & Company cut their target price on shares of T. Rowe Price Group from $118.00 to $116.00 and set an "equal weight" rating for the company in a research report on Thursday. StockNews.com downgraded T. Rowe Price Group from a "buy" rating to a "hold" rating in a research report on Sunday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on T. Rowe Price Group from $115.00 to $120.00 and gave the company a "hold" rating in a research report on Monday, November 11th. Four analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $115.09.
Read Our Latest Stock Report on TROW
About T. Rowe Price Group
(
Free Report)
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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