Segall Bryant & Hamill LLC grew its holdings in shares of T. Rowe Price Group Inc (NASDAQ:TROW) by 4,209.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 100,669 shares of the asset manager’s stock after buying an additional 98,333 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in T. Rowe Price Group were worth $11,687,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC acquired a new stake in shares of T. Rowe Price Group during the 1st quarter valued at approximately $111,000. Perigon Wealth Management LLC raised its position in shares of T. Rowe Price Group by 57.5% during the 1st quarter. Perigon Wealth Management LLC now owns 1,284 shares of the asset manager’s stock valued at $139,000 after acquiring an additional 469 shares in the last quarter. Signature Estate & Investment Advisors LLC acquired a new stake in shares of T. Rowe Price Group during the 2nd quarter valued at approximately $151,000. Parallel Advisors LLC raised its position in shares of T. Rowe Price Group by 169.1% during the 2nd quarter. Parallel Advisors LLC now owns 1,448 shares of the asset manager’s stock valued at $168,000 after acquiring an additional 910 shares in the last quarter. Finally, Summit Trail Advisors LLC raised its position in shares of T. Rowe Price Group by 23,361.8% during the 1st quarter. Summit Trail Advisors LLC now owns 179,483 shares of the asset manager’s stock valued at $179,000 after acquiring an additional 178,718 shares in the last quarter. Institutional investors own 71.63% of the company’s stock.

In other T. Rowe Price Group news, CEO William J. Stromberg sold 21,000 shares of the stock in a transaction on Tuesday, June 12th. The stock was sold at an average price of $125.48, for a total value of $2,635,080.00. Following the sale, the chief executive officer now directly owns 539,020 shares of the company’s stock, valued at $67,636,229.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert F. Maclellan sold 5,000 shares of the stock in a transaction on Wednesday, May 30th. The stock was sold at an average price of $122.58, for a total value of $612,900.00. Following the completion of the sale, the director now directly owns 13,769 shares in the company, valued at $1,687,804.02. The disclosure for this sale can be found here. Insiders sold 148,139 shares of company stock worth $18,369,428 over the last ninety days. 3.10% of the stock is owned by corporate insiders.

Shares of NASDAQ TROW opened at $115.61 on Monday. T. Rowe Price Group Inc has a 1-year low of $81.61 and a 1-year high of $127.43. The firm has a market capitalization of $28.49 billion, a price-to-earnings ratio of 21.29, a P/E/G ratio of 1.47 and a beta of 1.24.

T. Rowe Price Group (NASDAQ:TROW) last issued its earnings results on Wednesday, July 25th. The asset manager reported $1.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.76 by $0.11. T. Rowe Price Group had a return on equity of 28.49% and a net margin of 31.67%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the company earned $1.28 earnings per share. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. equities analysts anticipate that T. Rowe Price Group Inc will post 7.23 EPS for the current fiscal year.

T. Rowe Price Group announced that its Board of Directors has authorized a stock buyback program on Thursday, April 26th that authorizes the company to repurchase 10,000,000 outstanding shares. This repurchase authorization authorizes the asset manager to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

TROW has been the topic of several research reports. Barclays upped their price target on T. Rowe Price Group from $101.00 to $105.00 and gave the company an “underweight” rating in a research report on Monday, April 23rd. Zacks Investment Research raised T. Rowe Price Group from a “sell” rating to a “hold” rating in a research report on Tuesday, April 24th. UBS Group upped their price target on T. Rowe Price Group from $113.00 to $117.00 and gave the company a “neutral” rating in a research report on Thursday, April 26th. Deutsche Bank raised T. Rowe Price Group from a “hold” rating to a “buy” rating and dropped their price target for the company from $121.00 to $114.00 in a research report on Wednesday, May 16th. Finally, Credit Suisse Group raised T. Rowe Price Group from a “neutral” rating to an “outperform” rating and set a $123.00 price target on the stock in a research report on Wednesday, May 16th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $118.27.

T. Rowe Price Group Profile

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.

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

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