Wealth Advisors of Tampa Bay LLC purchased a new position in shares of T. Rowe Price Group Inc (NASDAQ:TROW) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 5,285 shares of the asset manager’s stock, valued at approximately $581,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Signature Estate & Investment Advisors LLC bought a new stake in T. Rowe Price Group during the 3rd quarter worth about $118,000. Grove Bank & Trust raised its holdings in T. Rowe Price Group by 178.7% during the 3rd quarter. Grove Bank & Trust now owns 1,310 shares of the asset manager’s stock worth $119,000 after purchasing an additional 840 shares during the last quarter. Calton & Associates Inc. bought a new stake in T. Rowe Price Group during the 4th quarter worth about $224,000. Stock Yards Bank & Trust Co. bought a new stake in T. Rowe Price Group during the 4th quarter worth about $205,000. Finally, Shelton Capital Management bought a new stake in T. Rowe Price Group during the 4th quarter worth about $206,000. Institutional investors and hedge funds own 71.89% of the company’s stock.

In related news, CFO Kenneth V. Moreland sold 8,066 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $104.12, for a total transaction of $839,831.92. Following the completion of the sale, the chief financial officer now directly owns 100,796 shares of the company’s stock, valued at approximately $10,494,879.52. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Christopher D. Alderson sold 6,808 shares of the stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $102.83, for a total value of $700,066.64. Following the sale, the vice president now directly owns 119,846 shares of the company’s stock, valued at $12,323,764.18. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 204,980 shares of company stock valued at $20,776,729. 3.60% of the stock is currently owned by company insiders.

Shares of T. Rowe Price Group Inc (NASDAQ:TROW) opened at $103.41 on Monday. The company has a market capitalization of $25,057.28, a PE ratio of 17.32, a PEG ratio of 1.32 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 announced its quarterly earnings results on Tuesday, January 30th. The asset manager reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.04. The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.27 billion. T. Rowe Price Group had a return on equity of 25.30% and a net margin of 31.07%. T. Rowe Price Group’s revenue was up 17.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.21 EPS. equities analysts predict that T. Rowe Price Group Inc will post 6.91 EPS for the current year.

Several brokerages have weighed in on TROW. ValuEngine raised T. Rowe Price Group from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. BidaskClub cut T. Rowe Price Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 31st. UBS Group raised T. Rowe Price Group from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $75.00 to $110.00 in a report on Tuesday, January 9th. Bank of America raised T. Rowe Price Group from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $113.00 to $125.00 in a report on Monday, January 8th. Finally, Zacks Investment Research raised T. Rowe Price Group from a “hold” rating to a “buy” rating and set a $118.00 price objective for the company in a report on Wednesday, December 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $98.70.

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About T. Rowe Price Group

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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