NGAM Advisors L.P. boosted its position in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 15.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,271 shares of the asset manager’s stock after buying an additional 4,032 shares during the period. NGAM Advisors L.P.’s holdings in T. Rowe Price Group were worth $2,246,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quadrant Capital Group LLC increased its position in shares of T. Rowe Price Group by 1.4% in the first quarter. Quadrant Capital Group LLC now owns 1,660 shares of the asset manager’s stock worth $107,000 after buying an additional 23 shares during the period. Mosaic Family Wealth LLC increased its position in shares of T. Rowe Price Group by 4.5% in the first quarter. Mosaic Family Wealth LLC now owns 1,967 shares of the asset manager’s stock worth $134,000 after buying an additional 85 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in shares of T. Rowe Price Group by 103.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,119 shares of the asset manager’s stock worth $157,000 after buying an additional 1,075 shares during the period. FNY Partners Fund LP purchased a new position in shares of T. Rowe Price Group during the first quarter worth $147,000. Finally, Duncker Streett & Co. Inc. increased its position in shares of T. Rowe Price Group by 57.9% in the first quarter. Duncker Streett & Co. Inc. now owns 2,472 shares of the asset manager’s stock worth $168,000 after buying an additional 906 shares during the period. Institutional investors and hedge funds own 71.86% of the company’s stock.

Shares of T. Rowe Price Group, Inc. (TROW) opened at 82.79 on Friday. The stock’s 50 day moving average is $79.43 and its 200-day moving average is $72.85. The stock has a market cap of $19.90 billion, a PE ratio of 14.22 and a beta of 1.24. T. Rowe Price Group, Inc. has a 1-year low of $62.97 and a 1-year high of $85.42.

T. Rowe Price Group (NASDAQ:TROW) last posted its earnings results on Tuesday, July 25th. The asset manager reported $1.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.01. T. Rowe Price Group had a net margin of 32.64% and a return on equity of 24.38%. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period last year, the firm posted $0.76 EPS. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, analysts predict that T. Rowe Price Group, Inc. will post $5.65 EPS for the current fiscal year.

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A number of brokerages have weighed in on TROW. UBS AG reiterated a “sell” rating and issued a $61.00 price objective (down previously from $77.00) on shares of T. Rowe Price Group in a research report on Wednesday, May 24th. BidaskClub downgraded shares of T. Rowe Price Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 1st. ValuEngine upgraded shares of T. Rowe Price Group from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Wells Fargo & Company reiterated a “market perform” rating on shares of T. Rowe Price Group in a research report on Thursday, July 27th. Finally, Citigroup Inc. upped their price objective on shares of T. Rowe Price Group from $73.50 to $90.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 26th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. T. Rowe Price Group has an average rating of “Hold” and a consensus target price of $77.90.

In other T. Rowe Price Group news, Director Anne M. Whittemore sold 8,326 shares of the firm’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $82.03, for a total transaction of $682,981.78. Following the completion of the transaction, the director now directly owns 28,982 shares in the company, valued at approximately $2,377,393.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David Oestreicher sold 10,394 shares of the firm’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $83.07, for a total transaction of $863,429.58. Following the transaction, the insider now owns 82,299 shares of the company’s stock, valued at $6,836,577.93. The disclosure for this sale can be found here. Company insiders own 3.60% of the company’s stock.

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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