T. Rowe Price Group Inc (TROW) Holdings Cut by Goelzer Investment Management Inc.

Goelzer Investment Management Inc. reduced its position in shares of T. Rowe Price Group Inc (NASDAQ:TROW) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,910 shares of the asset manager’s stock after selling 486 shares during the quarter. Goelzer Investment Management Inc.’s holdings in T. Rowe Price Group were worth $5,552,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Teacher Retirement System of Texas raised its stake in T. Rowe Price Group by 100.5% during the 4th quarter. Teacher Retirement System of Texas now owns 108,125 shares of the asset manager’s stock valued at $11,346,000 after purchasing an additional 54,203 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in T. Rowe Price Group by 1.6% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 36,747 shares of the asset manager’s stock valued at $3,840,000 after purchasing an additional 565 shares during the period. Hedeker Wealth LLC raised its stake in T. Rowe Price Group by 5.9% during the 4th quarter. Hedeker Wealth LLC now owns 41,076 shares of the asset manager’s stock valued at $4,310,000 after purchasing an additional 2,271 shares during the period. Crossmark Global Holdings Inc. grew its holdings in shares of T. Rowe Price Group by 23.1% during the 4th quarter. Crossmark Global Holdings Inc. now owns 25,267 shares of the asset manager’s stock valued at $2,651,000 after acquiring an additional 4,745 shares in the last quarter. Finally, Stephens Inc. AR grew its holdings in shares of T. Rowe Price Group by 4.4% during the 4th quarter. Stephens Inc. AR now owns 43,401 shares of the asset manager’s stock valued at $4,554,000 after acquiring an additional 1,830 shares in the last quarter. 72.30% of the stock is currently owned by institutional investors.

Several equities analysts have recently commented on the stock. Citigroup boosted their price target on shares of T. Rowe Price Group from $94.00 to $95.00 and gave the company a “neutral” rating in a report on Friday, October 27th. ValuEngine upgraded shares of T. Rowe Price Group from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. BidaskClub cut shares of T. Rowe Price Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 31st. Zacks Investment Research cut shares of T. Rowe Price Group from a “buy” rating to a “hold” rating and set a $115.00 price target on the stock. in a report on Friday, January 5th. Finally, UBS Group upgraded shares of T. Rowe Price Group from a “sell” rating to a “neutral” rating and boosted their price target for the company from $75.00 to $110.00 in a report on Tuesday, January 9th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $98.70.

Shares of T. Rowe Price Group Inc (NASDAQ:TROW) opened at $101.99 on Friday. The stock has a market cap of $25,810.86, a price-to-earnings ratio of 19.62, a P/E/G ratio of 1.36 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 issued its quarterly earnings data on Tuesday, January 30th. The asset manager reported $1.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.48 by $0.04. The firm had revenue of $1.29 billion during 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%. T. Rowe Price Group’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.21 earnings per share. equities analysts expect that T. Rowe Price Group Inc will post 6.91 EPS for the current fiscal year.

In related news, CFO Kenneth V. Moreland sold 8,066 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $104.12, for a total value of $839,831.92. Following the completion of the sale, the chief financial officer now directly owns 100,796 shares in the company, valued at $10,494,879.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Freeman A. Hrabowski III sold 4,000 shares of the company’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $101.59, for a total transaction of $406,360.00. The disclosure for this sale can be found here. Insiders sold 204,980 shares of company stock valued at $20,776,729 over the last quarter. 3.60% of the stock is currently owned by corporate insiders.

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T. Rowe Price Group Company 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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