Trexquant Investment LP lifted its position in T. Rowe Price Group Inc (NASDAQ:TROW) by 35.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,074 shares of the asset manager’s stock after buying an additional 8,117 shares during the period. Trexquant Investment LP’s holdings in T. Rowe Price Group were worth $3,607,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in TROW. World Asset Management Inc lifted its position in T. Rowe Price Group by 11.8% during the second quarter. World Asset Management Inc now owns 18,884 shares of the asset manager’s stock valued at $2,192,000 after purchasing an additional 1,991 shares in the last quarter. Teacher Retirement System of Texas lifted its position in T. Rowe Price Group by 22.6% during the first quarter. Teacher Retirement System of Texas now owns 132,593 shares of the asset manager’s stock valued at $14,316,000 after purchasing an additional 24,468 shares in the last quarter. Russell Investments Group Ltd. lifted its position in T. Rowe Price Group by 6.9% during the first quarter. Russell Investments Group Ltd. now owns 130,154 shares of the asset manager’s stock valued at $14,008,000 after purchasing an additional 8,452 shares in the last quarter. Stephens Inc. AR lifted its position in T. Rowe Price Group by 3.1% during the first quarter. Stephens Inc. AR now owns 44,744 shares of the asset manager’s stock valued at $4,831,000 after purchasing an additional 1,343 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in T. Rowe Price Group by 19.0% during the first quarter. Schwab Charles Investment Management Inc. now owns 1,562,121 shares of the asset manager’s stock valued at $168,663,000 after purchasing an additional 249,772 shares in the last quarter. Hedge funds and other institutional investors own 71.63% of the company’s stock.

NASDAQ:TROW opened at $115.61 on Friday. The stock has a market cap of $28.49 billion, a price-to-earnings ratio of 21.29, a price-to-earnings-growth ratio of 1.47 and a beta of 1.24. T. Rowe Price Group Inc has a 52 week low of $81.61 and a 52 week high of $127.43.

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

T. Rowe Price Group announced that its board has approved a share buyback plan on Thursday, April 26th that allows the company to buyback 10,000,000 outstanding shares. This buyback authorization allows the asset manager to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

TROW has been the topic of several analyst reports. Barclays lifted their target price 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 upgraded T. Rowe Price Group from a “sell” rating to a “hold” rating in a research report on Tuesday, April 24th. UBS Group lifted their target price 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 upgraded T. Rowe Price Group from a “hold” rating to a “buy” rating and lowered their target price for the company from $121.00 to $114.00 in a research report on Wednesday, May 16th. Finally, Credit Suisse Group upgraded T. Rowe Price Group from a “neutral” rating to an “outperform” rating and set a $123.00 target price on the stock in a research report on Wednesday, May 16th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $118.27.

In other T. Rowe Price Group news, CEO William J. Stromberg sold 21,000 shares of the firm’s stock in a transaction dated Tuesday, June 12th. The stock was sold at an average price of $125.48, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP W. Sharps Robert sold 36,000 shares of the firm’s stock in a transaction dated Tuesday, June 12th. The shares were sold at an average price of $126.34, for a total value of $4,548,240.00. Following the sale, the vice president now directly owns 487,917 shares in the company, valued at $61,643,433.78. The disclosure for this sale can be found here. Over the last three months, insiders have sold 148,139 shares of company stock worth $18,369,428. Insiders own 3.10% of the company’s stock.

T. Rowe Price Group Company 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.

See Also: What kind of dividend yield to CEF’s pay?

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

Receive News & Ratings for T. Rowe Price Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for T. Rowe Price Group and related companies with MarketBeat.com's FREE daily email newsletter.