Cardan Capital Partners buys $1,617,936 stake in T. Rowe Price Group Inc (TROW)

T. Rowe Price Group Inc (TROW) : Cardan Capital Partners scooped up 56 additional shares in T. Rowe Price Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 22,891 shares of T. Rowe Price Group Inc which is valued at $1,617,936.T. Rowe Price Group Inc makes up approximately 0.37% of Cardan Capital Partners’s portfolio.

Other Hedge Funds, Including , Smith Asset Management Group Lp reduced its stake in TROW by selling 30 shares or 4.48% in the most recent quarter. The Hedge Fund company now holds 640 shares of TROW which is valued at $45,235.Mai Capital Management reduced its stake in TROW by selling 322 shares or 2.15% in the most recent quarter. The Hedge Fund company now holds 14,666 shares of TROW which is valued at $1,093,937. T. Rowe Price Group Inc makes up approx 0.09% of Mai Capital Management’s portfolio.Watch Point Trust Co boosted its stake in TROW in the latest quarter, The investment management firm added 4,250 additional shares and now holds a total of 24,560 shares of T. Rowe Price Group Inc which is valued at $1,798,774. T. Rowe Price Group Inc makes up approx 1.54% of Watch Point Trust Co’s portfolio.Osborn Rohs Williams Donohoe Ltd boosted its stake in TROW in the latest quarter, The investment management firm added 375 additional shares and now holds a total of 22,557 shares of T. Rowe Price Group Inc which is valued at $1,652,075. T. Rowe Price Group Inc makes up approx 0.32% of Osborn Rohs Williams Donohoe Ltd’s portfolio.

T. Rowe Price Group Inc opened for trading at $70.2 and hit $70.95 on the upside on Friday, eventually ending the session at $70.69, with a gain of 0.35% or 0.25 points. The heightened volatility saw the trading volume jump to 23,57,130 shares. Company has a market cap of $17,570 M.

On the company’s financial health, T. Rowe Price Group Inc reported $1.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.40 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $0.75. The company had revenue of $1044.70 million for the quarter, compared to analysts expectations of $1031.13 million. The company’s revenue was down -2.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.24 EPS.

Many Wall Street Analysts have commented on T. Rowe Price Group Inc. Shares were Downgraded by Deutsche Bank on Jul 20, 2016 to ” Hold” and Lowered the Price Target to $ 75 from a previous price target of $79 .

T. Rowe Price Group Inc. is a financial services holding company. The Company provides global investment management services to individual and institutional investors in the sponsored T. Rowe Price mutual funds distributed in the United States and other investment portfolios. Its assets under management are accumulated from a client base across four primary distribution channels: third-party financial intermediaries that distribute its managed investment portfolios in the United States and other countries; individual United States investors on a direct basis; the United States defined contribution retirement plans and institutional investors globally. The assets that it manages include a range of the United States and international stock blended asset bond and money market mutual funds and other investment portfolios. It offers advisory services and a distribution management service. It provides administrative services as ancillary services to its investment advisory clients.

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