Boston Family Office LLC acquired a new position in T. Rowe Price Group Inc (NASDAQ:TROW) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 1,983 shares of the asset manager’s stock, valued at approximately $208,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Alpha Cubed Investments LLC bought a new stake in T. Rowe Price Group in the 3rd quarter worth about $256,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in T. Rowe Price Group by 59.3% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 200,580 shares of the asset manager’s stock worth $18,183,000 after buying an additional 74,687 shares in the last quarter. Prudential Financial Inc. increased its holdings in 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 worth $64,295,000 after buying an additional 343,926 shares in the last quarter. California Public Employees Retirement System increased its holdings in T. Rowe Price Group by 4.0% in the 3rd quarter. California Public Employees Retirement System now owns 630,687 shares of the asset manager’s stock worth $57,172,000 after buying an additional 24,012 shares in the last quarter. Finally, Reliance Trust Co. of Delaware bought a new stake in T. Rowe Price Group in the 3rd quarter worth about $304,000. Institutional investors own 72.30% of the company’s stock.

In other news, VP W. Sharps Robert sold 5,000 shares of T. Rowe Price Group stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $98.64, for a total transaction of $493,200.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO William J. Stromberg sold 30,000 shares of T. Rowe Price Group stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $97.09, for a total value of $2,912,700.00. Following the transaction, the chief executive officer now directly owns 534,077 shares in the company, valued at $51,853,535.93. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 204,980 shares of company stock valued at $20,776,729. Corporate insiders own 3.60% of the company’s stock.

Shares of T. Rowe Price Group Inc (TROW) opened at $103.41 on Friday. The stock has a market capitalization of $24,713.20, a PE ratio of 17.32, a price-to-earnings-growth ratio of 1.30 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 released 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 return on equity of 25.30% and a net margin of 31.07%. The business’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.21 EPS. equities analysts forecast that T. Rowe Price Group Inc will post 6.91 EPS for the current year.

Several equities research analysts recently commented on the company. ValuEngine upgraded T. Rowe Price Group from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. BidaskClub downgraded T. Rowe Price Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 31st. UBS Group upgraded T. Rowe Price Group from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $75.00 to $110.00 in a report on Tuesday, January 9th. Bank of America upgraded T. Rowe Price Group from a “neutral” rating to a “buy” rating and boosted their price target for the company from $113.00 to $125.00 in a research note on Monday, January 8th. Finally, Zacks Investment Research upgraded T. Rowe Price Group from a “hold” rating to a “buy” rating and set a $118.00 price target for the company in a research note on Wednesday, December 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. T. Rowe Price Group has a consensus rating of “Hold” and a consensus 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.

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

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