Telos Capital Management Inc. Lowers Stake in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Telos Capital Management Inc. lessened its stake in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 6.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,677 shares of the asset manager's stock after selling 6,582 shares during the period. T. Rowe Price Group makes up about 1.1% of Telos Capital Management Inc.'s investment portfolio, making the stock its 25th largest holding. Telos Capital Management Inc.'s holdings in T. Rowe Price Group were worth $10,707,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TROW. Iron Horse Wealth Management LLC raised its holdings in T. Rowe Price Group by 90.9% during the third quarter. Iron Horse Wealth Management LLC now owns 231 shares of the asset manager's stock valued at $25,000 after acquiring an additional 110 shares during the period. Hexagon Capital Partners LLC grew its position in T. Rowe Price Group by 54.7% in the third quarter. Hexagon Capital Partners LLC now owns 294 shares of the asset manager's stock worth $32,000 after acquiring an additional 104 shares in the last quarter. Y.D. More Investments Ltd grew its position in 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 acquiring an additional 155 shares in the last quarter. True Wealth Design LLC purchased a new position in T. Rowe Price Group in the third quarter worth about $37,000. Finally, Larson Financial Group LLC grew its position in T. Rowe Price Group by 866.7% in the third quarter. Larson Financial Group LLC now owns 348 shares of the asset manager's stock worth $38,000 after acquiring an additional 312 shares in the last quarter. Institutional investors own 73.39% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. StockNews.com lowered T. Rowe Price Group from a "buy" rating to a "hold" rating in a research report on Sunday, February 2nd. Evercore ISI boosted their price objective on shares of 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. Wells Fargo & Company reduced their price target on T. Rowe Price Group from $118.00 to $116.00 and set an "equal weight" rating on the stock in a research report on Thursday. Barclays reduced their price target on T. Rowe Price Group from $113.00 to $105.00 and set an "underweight" rating on the stock in a research report on Thursday. Finally, Morgan Stanley upped their target price on 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. Four equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $115.09.

T. Rowe Price Group Price Performance

NASDAQ:TROW traded up $0.10 during mid-day trading on Monday, hitting $110.24. The company's stock had a trading volume of 639,147 shares, 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 has a market cap of $24.49 billion, a price-to-earnings ratio of 12.06, a PEG ratio of 1.70 and a beta of 1.44. The business's fifty day moving average is $115.78 and its two-hundred day moving average is $112.54.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last posted its 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 return on equity of 20.91% and a net margin of 29.61%. During the same quarter in the previous year, the business earned $1.72 EPS. Analysts anticipate that T. Rowe Price Group, Inc. will post 9.36 EPS for the current fiscal year.

Insider Buying and Selling

In other T. Rowe Price Group news, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $123.35, for a total value of $499,197.45. Following the completion of the sale, the vice president now owns 119,577 shares in the company, valued at approximately $14,749,822.95. This represents a 3.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.00% of the company's stock.

T. Rowe Price Group 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.