DekaBank Deutsche Girozentrale lowered its position in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 12.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 83,319 shares of the asset manager’s stock after selling 11,787 shares during the period. DekaBank Deutsche Girozentrale’s holdings in T. Rowe Price Group were worth $6,255,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Rockland Trust Co. increased its stake in shares of T. Rowe Price Group by 3.0% in the first quarter. Rockland Trust Co. now owns 109,879 shares of the asset manager’s stock worth $7,488,000 after buying an additional 3,156 shares during the period. Lederer & Associates Investment Counsel CA increased its stake in shares of T. Rowe Price Group by 1.3% in the first quarter. Lederer & Associates Investment Counsel CA now owns 24,135 shares of the asset manager’s stock worth $1,645,000 after buying an additional 305 shares during the period. Quantitative Systematic Strategies LLC purchased a new stake in shares of T. Rowe Price Group during the first quarter worth $792,000. Nisa Investment Advisors LLC increased its stake in shares of T. Rowe Price Group by 0.9% in the first quarter. Nisa Investment Advisors LLC now owns 75,012 shares of the asset manager’s stock worth $5,112,000 after buying an additional 660 shares during the period. Finally, DnB Asset Management AS increased its stake in shares of T. Rowe Price Group by 23.9% in the first quarter. DnB Asset Management AS now owns 85,601 shares of the asset manager’s stock worth $5,834,000 after buying an additional 16,500 shares during the period. 72.10% of the stock is owned by institutional investors.

T. Rowe Price Group, Inc. (NASDAQ TROW) opened at 83.90 on Wednesday. The company has a market cap of $20.17 billion, a P/E ratio of 14.41 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. The stock’s 50 day moving average is $80.01 and its 200 day moving average is $73.03.

T. Rowe Price Group (NASDAQ:TROW) last released its quarterly earnings results on Tuesday, July 25th. The asset manager reported $1.28 EPS for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.01. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. T. Rowe Price Group had a net margin of 32.64% and a return on equity of 24.38%. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.76 EPS. Equities analysts anticipate that T. Rowe Price Group, Inc. will post $5.65 earnings per share for the current fiscal year.

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A number of analysts have recently weighed in on the stock. Citigroup Inc. upped their price target on shares of T. Rowe Price Group from $73.50 to $90.00 and gave the stock a “neutral” rating in a report on Wednesday, July 26th. BidaskClub raised shares of T. Rowe Price Group from a “buy” rating to a “strong-buy” rating in a report on Monday. Credit Suisse Group upped their price target on shares of T. Rowe Price Group from $70.00 to $90.00 and gave the stock a “neutral” rating in a report on Wednesday, July 26th. Wells Fargo & Company reaffirmed a “market perform” rating on shares of T. Rowe Price Group in a report on Thursday, July 27th. Finally, ValuEngine raised shares of T. Rowe Price Group from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. T. Rowe Price Group currently has a consensus rating of “Hold” and an average price target of $77.90.

In other news, Director Anne M. Whittemore sold 8,326 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $82.03, for a total value of $682,981.78. Following the completion of the sale, the director now directly owns 28,982 shares in the company, valued at approximately $2,377,393.46. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider David Oestreicher sold 10,394 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $83.07, for a total transaction of $863,429.58. Following the completion of the sale, 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. Insiders own 3.60% of the company’s stock.

About T. Rowe Price Group

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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