Wealth Enhancement Advisory Services LLC decreased its stake in shares of T. Rowe Price Group Inc (NASDAQ:TROW) by 9.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,434 shares of the asset manager’s stock after selling 2,210 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in T. Rowe Price Group were worth $2,579,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in TROW. Adirondack Trust Co. increased its stake in T. Rowe Price Group by 606.1% during the 1st quarter. Adirondack Trust Co. now owns 233 shares of the asset manager’s stock valued at $25,000 after buying an additional 200 shares during the period. Advisory Alpha LLC acquired a new position in shares of T. Rowe Price Group in the 1st quarter worth approximately $27,000. Kistler Tiffany Companies LLC grew its stake in shares of T. Rowe Price Group by 66.7% in the 2nd quarter. Kistler Tiffany Companies LLC now owns 250 shares of the asset manager’s stock worth $27,000 after purchasing an additional 100 shares during the last quarter. LFA Lugano Financial Advisors SA acquired a new position in shares of T. Rowe Price Group in the 1st quarter worth approximately $29,000. Finally, Trustcore Financial Services LLC grew its stake in shares of T. Rowe Price Group by 353.8% in the 1st quarter. Trustcore Financial Services LLC now owns 295 shares of the asset manager’s stock worth $30,000 after purchasing an additional 230 shares during the last quarter. 69.51% of the stock is currently owned by hedge funds and other institutional investors.

Shares of TROW stock traded down $0.13 during trading on Thursday, hitting $105.23. 45,085 shares of the company were exchanged, compared to its average volume of 1,264,293. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.91 and a quick ratio of 3.91. The company has a market capitalization of $25.11 billion, a price-to-earnings ratio of 14.81, a price-to-earnings-growth ratio of 1.61 and a beta of 1.05. The business’s 50-day moving average is $110.00. T. Rowe Price Group Inc has a twelve month low of $84.59 and a twelve month high of $117.68.

T. Rowe Price Group (NASDAQ:TROW) last posted its quarterly earnings results on Wednesday, July 24th. The asset manager reported $2.03 EPS for the quarter, topping the consensus estimate of $1.88 by $0.15. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.39 billion. T. Rowe Price Group had a net margin of 36.17% and a return on equity of 28.80%. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the company posted $1.87 earnings per share. On average, equities analysts predict that T. Rowe Price Group Inc will post 7.78 earnings per share for the current year.

Several brokerages have recently issued reports on TROW. Barclays lifted their price objective on shares of T. Rowe Price Group from $90.00 to $95.00 and gave the stock an “underweight” rating in a research note on Thursday, April 25th. Citigroup lifted their price objective on shares of T. Rowe Price Group from $113.00 to $115.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 9th. Morgan Stanley lifted their price objective on shares of T. Rowe Price Group from $117.00 to $122.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th. UBS Group lifted their price objective on shares of T. Rowe Price Group from $109.00 to $111.00 and gave the stock a “neutral” rating in a research note on Monday, July 8th. Finally, BidaskClub raised shares of T. Rowe Price Group from a “sell” rating to a “hold” rating in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. T. Rowe Price Group currently has an average rating of “Hold” and an average price target of $109.75.

In related news, Director Mary K. Bush sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $107.06, for a total transaction of $374,710.00. Following the completion of the sale, the director now directly owns 19,243 shares in the company, valued at $2,060,155.58. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Sebastien Page sold 4,418 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $107.05, for a total transaction of $472,946.90. Following the sale, the vice president now owns 51,302 shares of the company’s stock, valued at $5,491,879.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 64,209 shares of company stock valued at $7,302,649. 3.10% of the stock is currently owned by corporate insiders.

About T. Rowe Price Group

T. Rowe Price Group, Inc is a publicly owned investment manager. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. It launches and manages equity and fixed income mutual funds. The firm invests in the public equity and fixed income markets across the globe.

Featured Article: Cost of Equity

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

Receive News & Ratings for T. Rowe Price Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for T. Rowe Price Group and related companies with MarketBeat.com's FREE daily email newsletter.