Keystone Financial Planning Inc. trimmed its holdings in T. Rowe Price Group Inc (NASDAQ:TROW) by 63.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,853 shares of the asset manager’s stock after selling 35,204 shares during the quarter. Keystone Financial Planning Inc.’s holdings in T. Rowe Price Group were worth $2,083,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in TROW. Prudential Financial Inc. increased its holdings in shares of T. Rowe Price Group by 94.1% in the 3rd quarter. Prudential Financial Inc. now owns 709,261 shares of the asset manager’s stock valued at $64,295,000 after acquiring an additional 343,926 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in shares of T. Rowe Price Group by 397.0% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 409,400 shares of the asset manager’s stock valued at $42,957,000 after acquiring an additional 327,033 shares during the period. Mackenzie Financial Corp acquired a new position in shares of T. Rowe Price Group in the 3rd quarter valued at $28,685,000. Koch Industries Inc. acquired a new position in shares of T. Rowe Price Group in the 2nd quarter valued at $304,000. Finally, W. E. Donoghue & Co. LLC acquired a new position in shares of T. Rowe Price Group in the 2nd quarter valued at $16,264,000. 72.30% of the stock is currently owned by institutional investors and hedge funds.

TROW has been the topic of a number of recent research reports. Zacks Investment Research cut shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. Citigroup lifted 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. UBS Group lifted their target price on shares of T. Rowe Price Group from $69.00 to $72.00 and gave the company a “sell” rating in a report on Friday, October 27th. Bank of America raised shares of T. Rowe Price Group from a “neutral” rating to a “buy” rating and lifted their target price for the company from $113.00 to $125.00 in a report on Monday, January 8th. Finally, Barclays lifted their target price on shares of T. Rowe Price Group from $79.00 to $84.00 and gave the company an “underweight” rating in a report on Friday, October 27th. One 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 has an average rating of “Hold” and an average target price of $98.70.

In related news, VP Christopher D. Alderson sold 6,808 shares of T. Rowe Price Group stock in a transaction on Friday, December 8th. The shares were sold at an average price of $102.83, for a total value of $700,066.64. Following the transaction, the vice president now directly owns 119,846 shares in the company, valued at approximately $12,323,764.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP W. Sharps Robert sold 5,000 shares of T. Rowe Price Group stock in a transaction on Monday, November 27th. The shares were sold at an average price of $98.64, for a total transaction of $493,200.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 204,980 shares of company stock worth $20,776,729. 3.60% of the stock is currently owned by insiders.

T. Rowe Price Group Inc (NASDAQ TROW) opened at $103.41 on Friday. T. Rowe Price Group Inc has a 1 year low of $66.70 and a 1 year high of $120.07. The firm has a market cap of $24,713.20, a price-to-earnings ratio of 18.78, a P/E/G ratio of 1.30 and a beta of 1.28.

T. Rowe Price Group (NASDAQ:TROW) last posted its quarterly earnings data on Tuesday, January 30th. The asset manager reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.04. T. Rowe Price Group had a net margin of 31.07% and a return on equity of 25.30%. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the firm posted $1.21 EPS. T. Rowe Price Group’s quarterly revenue was up 17.9% on a year-over-year basis. analysts expect that T. Rowe Price Group Inc will post 6.91 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.

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

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