Baker Ellis Asset Management LLC held its stake in T. Rowe Price Group, Inc. (NASDAQ:TROW) during the second quarter, Holdings Channel reports. The firm owned 1,960 shares of the asset manager’s stock at the end of the second quarter. Baker Ellis Asset Management LLC’s holdings in T. Rowe Price Group were worth $145,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC raised its position 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 in the last quarter. Mosaic Family Wealth LLC raised its position 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 in the last quarter. FNY Partners Fund LP bought a new position in shares of T. Rowe Price Group during the first quarter valued at $147,000. Benjamin F. Edwards & Company Inc. raised its position in shares of T. Rowe Price Group by 103.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,119 shares of the asset manager’s stock valued at $157,000 after buying an additional 1,075 shares in the last quarter. Finally, Duncker Streett & Co. Inc. raised its position 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 in the last quarter. 71.86% of the stock is owned by institutional investors and hedge funds.

T. Rowe Price Group, Inc. (TROW) opened at 83.19 on Wednesday. T. Rowe Price Group, Inc. has a 52-week low of $62.97 and a 52-week high of $85.42. The stock has a 50 day moving average of $78.05 and a 200-day moving average of $72.50. The company has a market capitalization of $20.00 billion, a P/E ratio of 14.28 and a beta of 1.24.

T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly earnings results on Tuesday, July 25th. The asset manager reported $1.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.01. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. T. Rowe Price Group had a net margin of 32.64% and a return on equity of 24.38%. The business’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.76 EPS. On average, equities analysts forecast that T. Rowe Price Group, Inc. will post $5.69 earnings per share for the current year.

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Several research analysts have weighed in on TROW shares. ValuEngine raised shares of T. Rowe Price Group from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Wells Fargo & Company reissued a “market perform” rating on shares of T. Rowe Price Group in a report on Thursday, July 27th. Argus lowered shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. BidaskClub raised shares of T. Rowe Price Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 14th. Finally, Morgan Stanley reissued an “underweight” rating and set a $71.00 price objective (up from $70.00) on shares of T. Rowe Price Group in a report on Tuesday, July 18th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. T. Rowe Price Group has a consensus rating of “Hold” and a consensus target price of $77.90.

In other T. Rowe Price Group news, Director Anne M. Whittemore sold 8,326 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $82.03, for a total value of $682,981.78. Following the sale, the director now owns 28,982 shares of the company’s stock, valued at approximately $2,377,393.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider David Oestreicher sold 10,394 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $83.07, for a total transaction of $863,429.58. Following the completion of the sale, the insider now directly owns 82,299 shares in the company, valued at approximately $6,836,577.93. The disclosure for this sale can be found here. Insiders own 3.60% of the company’s stock.

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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