Kelman Lazarov Inc. increased its stake in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 4.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,694 shares of the asset manager’s stock after buying an additional 170 shares during the period. Kelman Lazarov Inc.’s holdings in T. Rowe Price Group were worth $274,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC boosted its stake in shares of T. Rowe Price Group by 1.4% in the first quarter. Quadrant Capital Group LLC now owns 1,660 shares of the asset manager’s stock valued at $107,000 after buying an additional 23 shares during the last quarter. Mosaic Family Wealth LLC boosted its stake in shares of T. Rowe Price Group by 4.5% in the first quarter. Mosaic Family Wealth LLC now owns 1,967 shares of the asset manager’s stock valued at $134,000 after buying an additional 85 shares during the last quarter. FNY Partners Fund LP acquired a new stake in shares of T. Rowe Price Group during the first quarter valued at approximately $147,000. Duncker Streett & Co. Inc. boosted its stake in shares of T. Rowe Price Group by 57.9% in the first quarter. Duncker Streett & Co. Inc. now owns 2,472 shares of the asset manager’s stock valued at $168,000 after buying an additional 906 shares during the last quarter. Finally, Mycio Wealth Partners LLC acquired a new stake in shares of T. Rowe Price Group during the first quarter valued at approximately $207,000. Hedge funds and other institutional investors own 71.25% of the company’s stock.

Shares of T. Rowe Price Group, Inc. (TROW) traded up 1.16% during trading on Wednesday, reaching $84.80. The company’s stock had a trading volume of 506,849 shares. T. Rowe Price Group, Inc. has a 12 month low of $62.97 and a 12 month high of $85.10. The company’s 50 day moving average price is $75.37 and its 200 day moving average price is $71.86. The firm has a market cap of $20.46 billion, a PE ratio of 16.61 and a beta of 1.22.

T. Rowe Price Group (NASDAQ:TROW) last released its quarterly earnings results on Tuesday, July 25th. The asset manager reported $1.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.01. T. Rowe Price Group had a return on equity of 24.24% and a net margin of 29.59%. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the business posted $0.76 earnings per share. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, equities analysts predict that T. Rowe Price Group, Inc. will post $5.48 earnings per share for the current year.

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TROW has been the topic of several research analyst reports. Deutsche Bank AG restated a “hold” rating and set a $71.00 target price (down previously from $74.00) on shares of T. Rowe Price Group in a report on Monday, May 1st. Jefferies Group LLC restated a “buy” rating and set a $83.00 target price (down previously from $84.00) on shares of T. Rowe Price Group in a report on Monday, April 17th. TheStreet cut T. Rowe Price Group from a “b” rating to a “c+” rating in a report on Tuesday, March 28th. Morgan Stanley restated an “underweight” rating and set a $71.00 target price (up previously from $70.00) on shares of T. Rowe Price Group in a report on Tuesday, July 18th. Finally, BidaskClub upgraded T. Rowe Price Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 14th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. T. Rowe Price Group presently has an average rating of “Hold” and an average target price of $72.55.

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.

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

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