Tortoise Investment Management LLC continued to hold its stake in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) during the second quarter, according to its most recent filing with the SEC. The firm owned 2,915 shares of the asset manager’s stock at the end of the second quarter. Tortoise Investment Management LLC’s holdings in T. Rowe Price Group were worth $216,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Quadrant Capital Group LLC increased 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 in the last quarter. Mosaic Family Wealth LLC increased 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 in the last quarter. Benjamin F. Edwards & Company Inc. increased its stake 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. FNY Partners Fund LP acquired a new stake in shares of T. Rowe Price Group during the first quarter valued at about $147,000. Finally, Duncker Streett & Co. Inc. increased 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 in the last quarter. 71.86% of the stock is currently owned by institutional investors.

T. Rowe Price Group, Inc. (NASDAQ TROW) opened at 82.79 on Friday. T. Rowe Price Group, Inc. has a 52 week low of $62.97 and a 52 week high of $85.42. The firm’s 50-day moving average is $79.43 and its 200-day moving average is $72.85. The company has a market cap of $19.90 billion, a PE ratio of 14.22 and a beta of 1.24.

T. Rowe Price Group (NASDAQ:TROW) last announced 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. T. Rowe Price Group had a net margin of 32.64% and a return on equity of 24.38%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the business posted $0.76 EPS. The business’s revenue was up 12.1% compared to the same quarter last year. On average, analysts expect that T. Rowe Price Group, Inc. will post $5.65 EPS for the current fiscal year.

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Several brokerages have recently issued reports on TROW. UBS AG reaffirmed a “sell” rating and issued a $61.00 price target (down from $77.00) on shares of T. Rowe Price Group in a research report on Wednesday, May 24th. BidaskClub downgraded T. Rowe Price Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 1st. ValuEngine raised T. Rowe Price Group from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Wells Fargo & Company reaffirmed a “market perform” rating on shares of T. Rowe Price Group in a research report on Thursday, July 27th. Finally, Citigroup Inc. raised their price target on T. Rowe Price Group from $73.50 to $90.00 and gave the company a “neutral” rating in a research report on Wednesday, July 26th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $77.90.

In other T. Rowe Price Group 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 transaction, the director now owns 28,982 shares in the company, valued at approximately $2,377,393.46. The sale was disclosed in a document filed with the SEC, which is accessible 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 transaction, the insider now owns 82,299 shares in the company, valued at approximately $6,836,577.93. The disclosure for this sale can be found here. Corporate 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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