Zurcher Kantonalbank Zurich Cantonalbank Boosts Holdings in T. Rowe Price Group Inc (TROW)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of T. Rowe Price Group Inc (NASDAQ:TROW) by 2.9% during the 4th quarter, HoldingsChannel reports. The fund owned 46,404 shares of the asset manager’s stock after acquiring an additional 1,301 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in T. Rowe Price Group were worth $4,869,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Signature Estate & Investment Advisors LLC purchased a new position in shares of T. Rowe Price Group during the third quarter worth approximately $118,000. Grove Bank & Trust raised its stake in shares of T. Rowe Price Group by 178.7% during the third quarter. Grove Bank & Trust now owns 1,310 shares of the asset manager’s stock worth $119,000 after acquiring an additional 840 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of T. Rowe Price Group by 5.4% during the second quarter. Quadrant Capital Group LLC now owns 1,749 shares of the asset manager’s stock worth $121,000 after acquiring an additional 89 shares in the last quarter. Stock Yards Bank & Trust Co. purchased a new position in shares of T. Rowe Price Group during the fourth quarter worth approximately $205,000. Finally, Mycio Wealth Partners LLC purchased a new position in shares of T. Rowe Price Group during the fourth quarter worth approximately $210,000. 72.30% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO William J. Stromberg sold 30,000 shares of T. Rowe Price Group stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $97.09, for a total value of $2,912,700.00. Following the sale, the chief executive officer now owns 534,077 shares in the company, valued at $51,853,535.93. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Kenneth V. Moreland sold 15,082 shares of T. Rowe Price Group stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $99.44, for a total transaction of $1,499,754.08. Following the completion of the sale, the chief financial officer now owns 110,182 shares in the company, valued at approximately $10,956,498.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 204,980 shares of company stock worth $20,776,729. 3.60% of the stock is currently owned by company insiders.

TROW has been the topic of several research reports. ValuEngine raised shares of T. Rowe Price Group from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. BidaskClub downgraded shares of T. Rowe Price Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 31st. Bank of America raised shares of T. Rowe Price Group from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $113.00 to $125.00 in a research note on Monday, January 8th. Zacks Investment Research raised shares of T. Rowe Price Group from a “hold” rating to a “buy” rating and set a $118.00 target price on the stock in a research note on Wednesday, December 27th. Finally, Citigroup lifted their target price on shares of T. Rowe Price Group from $94.00 to $95.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. T. Rowe Price Group has a consensus rating of “Hold” and an average price target of $98.70.

Shares of T. Rowe Price Group Inc (NASDAQ:TROW) opened at $106.77 on Thursday. The firm has a market cap of $25,919.90, a price-to-earnings ratio of 19.70, a P/E/G ratio of 1.37 and a beta of 1.28. T. Rowe Price Group Inc has a fifty-two week low of $66.70 and a fifty-two week high of $120.07.

T. Rowe Price Group (NASDAQ:TROW) last released its quarterly earnings results on Tuesday, January 30th. The asset manager reported $1.52 earnings per share 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 net margin of 31.07% and a return on equity of 25.30%. The firm’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.21 earnings per share. equities analysts expect that T. Rowe Price Group Inc will post 6.91 earnings per share for the current fiscal year.

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T. Rowe Price Group Profile

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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