Stratos Wealth Partners LTD. boosted its position in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 13.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,674 shares of the asset manager’s stock after buying an additional 427 shares during the period. Stratos Wealth Partners LTD.’s holdings in T. Rowe Price Group were worth $273,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Daiwa Securities Group Inc. increased its stake in shares of T. Rowe Price Group by 6.3% in the first quarter. Daiwa Securities Group Inc. now owns 6,750 shares of the asset manager’s stock worth $460,000 after buying an additional 400 shares during the period. Gabelli Funds LLC increased its stake in shares of T. Rowe Price Group by 16.6% in the first quarter. Gabelli Funds LLC now owns 516,000 shares of the asset manager’s stock worth $35,165,000 after buying an additional 73,400 shares during the period. Rothschild Investment Corp IL increased its stake in shares of T. Rowe Price Group by 42.0% in the first quarter. Rothschild Investment Corp IL now owns 5,750 shares of the asset manager’s stock worth $392,000 after buying an additional 1,700 shares during the period. British Columbia Investment Management Corp increased its stake in shares of T. Rowe Price Group by 47.4% in the first quarter. British Columbia Investment Management Corp now owns 256,180 shares of the asset manager’s stock worth $17,459,000 after buying an additional 82,409 shares during the period. Finally, Bridgewater Associates LP increased its stake in shares of T. Rowe Price Group by 14.9% in the first quarter. Bridgewater Associates LP now owns 131,857 shares of the asset manager’s stock worth $8,986,000 after buying an additional 17,119 shares during the period. 71.86% of the stock is currently owned by hedge funds and other institutional investors.

T. Rowe Price Group, Inc. (NASDAQ:TROW) opened at 82.85 on Friday. The firm’s 50-day moving average is $79.16 and its 200 day moving average is $72.78. T. Rowe Price Group, Inc. has a 12-month low of $62.97 and a 12-month high of $85.42. The stock has a market capitalization of $19.91 billion, a P/E ratio of 14.23 and a beta of 1.24.

T. Rowe Price Group (NASDAQ:TROW) last posted its earnings results on Tuesday, July 25th. The asset manager reported $1.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.01. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. T. Rowe Price Group had a net margin of 32.64% and a return on equity of 24.38%. The company’s revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.76 EPS. Equities analysts expect that T. Rowe Price Group, Inc. will post $5.65 EPS for the current year.

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TROW has been the topic of a number of recent analyst reports. Deutsche Bank AG reissued a “hold” rating and set a $71.00 price target (down from $74.00) on shares of T. Rowe Price Group in a report on Monday, May 1st. Jefferies Group LLC reissued a “buy” rating and set a $83.00 price target (down from $84.00) on shares of T. Rowe Price Group in a report on Monday, April 17th. Citigroup Inc. increased their price target on shares of T. Rowe Price Group from $73.50 to $90.00 and gave the stock a “neutral” rating in a report on Wednesday, July 26th. Credit Suisse Group increased their price target on shares of T. Rowe Price Group from $70.00 to $90.00 and gave the stock a “neutral” rating in a report on Wednesday, July 26th. Finally, Morgan Stanley reissued an “underweight” rating and set a $71.00 price target (up from $70.00) on shares of T. Rowe Price Group in a report on Tuesday, July 18th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. T. Rowe Price Group presently has an average rating of “Hold” and a consensus target price of $77.90.

In related news, Director Anne M. Whittemore sold 8,326 shares of the stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $82.03, for a total transaction of $682,981.78. Following the completion of the sale, the director now owns 28,982 shares of the company’s stock, valued at approximately $2,377,393.46. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider David Oestreicher sold 10,394 shares of the stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $83.07, for a total transaction of $863,429.58. Following the sale, the insider now directly owns 82,299 shares of the company’s stock, valued at approximately $6,836,577.93. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by corporate insiders.

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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