AGF Investments Inc. bought a new stake in shares of T. Rowe Price Group Inc (NASDAQ:TROW) in the fourth quarter, Holdings Channel reports. The firm bought 360,322 shares of the asset manager’s stock, valued at approximately $37,809,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in TROW. QS Investors LLC raised its stake in T. Rowe Price Group by 43.8% during the 2nd quarter. QS Investors LLC now owns 4,595 shares of the asset manager’s stock valued at $341,000 after buying an additional 1,400 shares during the last quarter. Macquarie Group Ltd. raised its stake in T. Rowe Price Group by 49.6% during the 2nd quarter. Macquarie Group Ltd. now owns 47,126 shares of the asset manager’s stock valued at $3,497,000 after buying an additional 15,625 shares during the last quarter. Janus Henderson Group PLC raised its stake in T. Rowe Price Group by 28.4% during the 2nd quarter. Janus Henderson Group PLC now owns 43,222 shares of the asset manager’s stock valued at $3,207,000 after buying an additional 9,558 shares during the last quarter. Gotham Asset Management LLC raised its stake in T. Rowe Price Group by 93.1% during the 2nd quarter. Gotham Asset Management LLC now owns 8,372 shares of the asset manager’s stock valued at $621,000 after buying an additional 4,036 shares during the last quarter. Finally, Koch Industries Inc. purchased a new stake in T. Rowe Price Group during the 2nd quarter valued at $304,000. Institutional investors and hedge funds own 71.89% of the company’s stock.

In other T. Rowe Price Group news, VP Christopher D. Alderson sold 6,808 shares of the stock in a transaction 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 completion of the sale, the vice president now owns 119,846 shares in the company, valued at approximately $12,323,764.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Kenneth V. Moreland sold 8,066 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $104.12, for a total value of $839,831.92. Following the completion of the sale, the chief financial officer now owns 100,796 shares of the company’s stock, valued at approximately $10,494,879.52. The disclosure for this sale can be found here. Insiders sold a total of 204,980 shares of company stock valued at $20,776,729 in the last quarter. 3.60% of the stock is currently owned by company insiders.

Shares of T. Rowe Price Group Inc (NASDAQ TROW) opened at $104.93 on Tuesday. T. Rowe Price Group Inc has a 12 month low of $66.70 and a 12 month high of $120.07. The stock has a market capitalization of $25,430.00, a price-to-earnings ratio of 17.58, a price-to-earnings-growth ratio of 1.32 and a beta of 1.28.

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

Several equities research analysts have recently commented on TROW shares. Bank of America upgraded T. Rowe Price Group from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $113.00 to $125.00 in a research note on Monday, January 8th. Barclays upped their price objective on T. Rowe Price Group from $79.00 to $84.00 and gave the stock an “underweight” rating in a research note on Friday, October 27th. UBS Group upgraded T. Rowe Price Group from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $75.00 to $110.00 in a research note on Tuesday, January 9th. Zacks Investment Research upgraded T. Rowe Price Group from a “hold” rating to a “buy” rating and set a $118.00 price objective for the company in a research note on Wednesday, December 27th. Finally, ValuEngine upgraded T. Rowe Price Group from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price 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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