Aperio Group LLC grew its position in shares of T. Rowe Price Group Inc (NASDAQ:TROW) by 12.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 102,430 shares of the asset manager’s stock after purchasing an additional 11,463 shares during the period. Aperio Group LLC’s holdings in T. Rowe Price Group were worth $10,748,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Thrivent Financial For Lutherans grew its holdings in shares of T. Rowe Price Group by 2.2% during the 2nd quarter. Thrivent Financial For Lutherans now owns 9,118 shares of the asset manager’s stock worth $677,000 after acquiring an additional 200 shares during the period. Covenant Asset Management LLC grew its holdings in shares of T. Rowe Price Group by 10.0% during the 4th quarter. Covenant Asset Management LLC now owns 5,485 shares of the asset manager’s stock worth $576,000 after acquiring an additional 500 shares during the period. Nippon Life Insurance Co. grew its holdings in shares of T. Rowe Price Group by 2.9% during the 3rd quarter. Nippon Life Insurance Co. now owns 18,906 shares of the asset manager’s stock worth $1,714,000 after acquiring an additional 540 shares during the period. Ffcm LLC grew its holdings in shares of T. Rowe Price Group by 1.4% during the 3rd quarter. Ffcm LLC now owns 38,205 shares of the asset manager’s stock worth $3,463,000 after acquiring an additional 545 shares during the period. Finally, Neuberger Berman Group LLC grew its holdings in shares of T. Rowe Price Group by 7.1% during the 3rd quarter. Neuberger Berman Group LLC now owns 8,478 shares of the asset manager’s stock worth $769,000 after acquiring an additional 561 shares during the period. Hedge funds and other institutional investors own 72.30% of the company’s stock.

A number of brokerages have recently commented on TROW. Citigroup boosted their price target on T. Rowe Price Group from $94.00 to $95.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. ValuEngine raised T. Rowe Price Group from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. BidaskClub cut T. Rowe Price Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 31st. Zacks Investment Research cut T. Rowe Price Group from a “buy” rating to a “hold” rating and set a $115.00 price target on the stock. in a research report on Friday, January 5th. Finally, UBS Group raised T. Rowe Price Group from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $75.00 to $110.00 in a research report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $98.70.

In related news, VP W. Sharps Robert sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $98.64, for a total value of $493,200.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Kenneth V. Moreland sold 14,419 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $97.07, for a total value of $1,399,652.33. Following the completion of the transaction, the chief financial officer now directly owns 125,264 shares in the company, valued at $12,159,376.48. The disclosure for this sale can be found here. Insiders sold a total of 204,980 shares of company stock worth $20,776,729 over the last ninety days. 3.60% of the stock is currently owned by insiders.

Shares of T. Rowe Price Group Inc (TROW) opened at $103.41 on Friday. T. Rowe Price Group Inc has a 12-month low of $66.70 and a 12-month high of $120.07. The company has a market capitalization of $24,350.00, a P/E ratio of 17.32, a PEG ratio of 1.36 and a beta of 1.28.

T. Rowe Price Group (NASDAQ:TROW) last released its quarterly earnings data on Tuesday, January 30th. The asset manager reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.04. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.27 billion. T. Rowe Price Group had a return on equity of 25.30% and a net margin of 31.07%. The firm’s quarterly revenue was up 17.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.21 EPS. equities analysts anticipate that T. Rowe Price Group Inc will post 6.91 EPS for the current year.

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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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