T. Rowe Price Group, Inc. $TROW Stake Raised by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp raised its holdings in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 4,904.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 18,267 shares of the asset manager’s stock after purchasing an additional 17,902 shares during the period. Atlantic Union Bankshares Corp’s holdings in T. Rowe Price Group were worth $1,875,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. TD Waterhouse Canada Inc. grew its position in T. Rowe Price Group by 66.7% during the second quarter. TD Waterhouse Canada Inc. now owns 250 shares of the asset manager’s stock valued at $25,000 after purchasing an additional 100 shares in the last quarter. Essex Bank lifted its position in T. Rowe Price Group by 3.6% in the 3rd quarter. Essex Bank now owns 2,914 shares of the asset manager’s stock worth $299,000 after buying an additional 100 shares in the last quarter. PFG Investments LLC boosted its stake in shares of T. Rowe Price Group by 4.8% during the 3rd quarter. PFG Investments LLC now owns 2,249 shares of the asset manager’s stock valued at $231,000 after buying an additional 102 shares during the period. Bill Few Associates Inc. boosted its stake in shares of T. Rowe Price Group by 4.3% during the 2nd quarter. Bill Few Associates Inc. now owns 2,577 shares of the asset manager’s stock valued at $249,000 after buying an additional 107 shares during the period. Finally, Beacon Investment Advisors LLC grew its holdings in shares of T. Rowe Price Group by 1.2% during the 2nd quarter. Beacon Investment Advisors LLC now owns 10,256 shares of the asset manager’s stock valued at $986,000 after acquiring an additional 120 shares in the last quarter. Institutional investors and hedge funds own 73.39% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Keefe, Bruyette & Woods cut their price objective on T. Rowe Price Group from $117.00 to $115.00 and set a “market perform” rating for the company in a report on Tuesday, December 16th. Barclays dropped their target price on T. Rowe Price Group from $102.00 to $101.00 and set an “underweight” rating on the stock in a research report on Thursday, January 15th. Evercore ISI raised their price target on T. Rowe Price Group from $115.00 to $116.00 in a research note on Monday, January 12th. Jefferies Financial Group boosted their price target on T. Rowe Price Group from $104.00 to $106.00 and gave the company a “hold” rating in a research note on Tuesday, October 7th. Finally, The Goldman Sachs Group dropped their price objective on T. Rowe Price Group from $97.00 to $95.00 and set a “sell” rating on the stock in a report on Wednesday, January 14th. Eleven research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $106.92.

T. Rowe Price Group Stock Performance

TROW opened at $102.66 on Wednesday. The company has a market cap of $22.40 billion, a PE ratio of 11.18, a price-to-earnings-growth ratio of 2.58 and a beta of 1.53. The stock has a 50-day moving average of $104.83 and a 200-day moving average of $104.67. T. Rowe Price Group, Inc. has a 52-week low of $77.85 and a 52-week high of $118.22.

Insider Transactions at T. Rowe Price Group

In other T. Rowe Price Group news, VP Arif Husain sold 4,260 shares of the stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $101.96, for a total transaction of $434,349.60. Following the transaction, the vice president owned 47,102 shares in the company, valued at $4,802,519.92. This trade represents a 8.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.60% of the stock is owned by insiders.

T. Rowe Price Group Company Profile

T. Rowe Price Group, Inc is a global investment management firm headquartered in Baltimore, Maryland, founded by Thomas Rowe Price Jr. in 1937. The company provides a broad range of investment products and services for individual investors, financial intermediaries, retirement plan sponsors and institutional clients. Its offerings are built around active investment management and in-house research across equity, fixed income and multi-asset strategies, reflecting a long history as a research-driven asset manager.

The firm’s product lineup includes mutual funds, separate accounts, collective investment trusts, target-date and target-risk funds, and managed account solutions, as well as services for defined contribution and defined benefit retirement plans.