Huntington National Bank grew its stake in shares of T. Rowe Price Group Inc (NASDAQ:TROW) by 8.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 39,549 shares of the asset manager’s stock after buying an additional 3,161 shares during the period. Huntington National Bank’s holdings in T. Rowe Price Group were worth $4,885,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in TROW. Quadrant Capital Group LLC grew its stake in shares of T. Rowe Price Group by 19.4% during the 4th quarter. Quadrant Capital Group LLC now owns 1,630 shares of the asset manager’s stock valued at $186,000 after buying an additional 265 shares during the period. Sunbelt Securities Inc. grew its stake in shares of T. Rowe Price Group by 1.1% during the 4th quarter. Sunbelt Securities Inc. now owns 9,821 shares of the asset manager’s stock valued at $1,197,000 after buying an additional 111 shares during the period. Macquarie Group Ltd. grew its stake in shares of T. Rowe Price Group by 7.7% during the 4th quarter. Macquarie Group Ltd. now owns 47,379 shares of the asset manager’s stock valued at $5,773,000 after buying an additional 3,378 shares during the period. Franklin Resources Inc. grew its stake in shares of T. Rowe Price Group by 4.4% during the 4th quarter. Franklin Resources Inc. now owns 1,046,149 shares of the asset manager’s stock valued at $127,463,000 after buying an additional 43,956 shares during the period. Finally, State of Alaska Department of Revenue grew its stake in shares of T. Rowe Price Group by 5.8% during the 1st quarter. State of Alaska Department of Revenue now owns 50,830 shares of the asset manager’s stock valued at $4,963,000 after buying an additional 2,777 shares during the period. 70.63% of the stock is owned by institutional investors.

In other news, Director Mary K. Bush sold 1,851 shares of T. Rowe Price Group stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $115.34, for a total value of $213,494.34. Following the transaction, the director now owns 15,955 shares of the company’s stock, valued at $1,840,249.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP David Oestreicher sold 3,500 shares of T. Rowe Price Group stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $120.85, for a total transaction of $422,975.00. Following the completion of the transaction, the vice president now directly owns 97,673 shares in the company, valued at approximately $11,803,782.05. The disclosure for this sale can be found here. In the last three months, insiders sold 8,851 shares of company stock worth $1,047,719. Insiders own 1.00% of the company’s stock.

Several equities analysts recently weighed in on TROW shares. UBS Group reduced their target price on shares of T. Rowe Price Group from $137.00 to $100.00 and set a “neutral” rating on the stock in a report on Tuesday, April 7th. ValuEngine lowered shares of T. Rowe Price Group from a “hold” rating to a “sell” rating in a report on Thursday, July 2nd. Wells Fargo & Co lifted their target price on shares of T. Rowe Price Group from $72.00 to $78.00 in a report on Thursday. Morgan Stanley lifted their target price on shares of T. Rowe Price Group from $150.00 to $160.00 and gave the company an “equal weight” rating in a report on Friday. Finally, BMO Capital Markets lifted their target price on shares of T. Rowe Price Group from $109.00 to $128.00 and gave the company a “market perform” rating in a report on Monday, June 29th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. T. Rowe Price Group currently has an average rating of “Hold” and an average price target of $116.17.

Shares of TROW stock traded up $3.63 on Friday, reaching $138.10. 2,523,958 shares of the company’s stock traded hands, compared to its average volume of 1,002,479. T. Rowe Price Group Inc has a 12-month low of $82.51 and a 12-month high of $139.82. The business’s 50 day moving average price is $127.11 and its two-hundred day moving average price is $119.76. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.55 and a current ratio of 3.24. The company has a market capitalization of $30.60 billion, a P/E ratio of 16.38, a price-to-earnings-growth ratio of 2.24 and a beta of 1.15.

T. Rowe Price Group (NASDAQ:TROW) last posted its earnings results on Wednesday, July 29th. The asset manager reported $2.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.75 by $0.54. The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.41 billion. T. Rowe Price Group had a net margin of 35.05% and a return on equity of 29.65%. The company’s revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.03 earnings per share. Research analysts predict that T. Rowe Price Group Inc will post 8.18 earnings per share for the current year.

T. Rowe Price Group Company 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.

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

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