T. Rowe Price Group Inc (TROW) : Greenwich Investment Management scooped up 1,150 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 Nov 14, 2016. The investment management firm now holds a total of 80,426 shares of T. Rowe Price Group Inc which is valued at $5,889,596.T. Rowe Price Group Inc makes up approximately 5.92% of Greenwich Investment Management’s portfolio.
Other Hedge Funds, Including , Paloma Partners Management Co boosted its stake in TROW in the latest quarter, The investment management firm added 26,161 additional shares and now holds a total of 70,499 shares of T. Rowe Price Group Inc which is valued at $5,162,642. T. Rowe Price Group Inc makes up approx 0.22% of Paloma Partners Management Co’s portfolio. Azimuth Capital Management sold out all of its stake in TROW during the most recent quarter. The investment firm sold 34,098 shares of TROW which is valued $2,396,748.State Of Tennessee Treasury Department reduced its stake in TROW by selling 194 shares or 0.18% in the most recent quarter. The Hedge Fund company now holds 106,578 shares of TROW which is valued at $7,284,606. T. Rowe Price Group Inc makes up approx 0.03% of State Of Tennessee Treasury Department’s portfolio.Rhumbline Advisers boosted its stake in TROW in the latest quarter, The investment management firm added 20,240 additional shares and now holds a total of 476,495 shares of T. Rowe Price Group Inc which is valued at $30,652,923. T. Rowe Price Group Inc makes up approx 0.09% of Rhumbline Advisers’s portfolio.
T. Rowe Price Group Inc opened for trading at $73.33 and hit $73.98 on the upside on Monday, eventually ending the session at $73.47, with a gain of 0.40% or 0.29 points. The heightened volatility saw the trading volume jump to 14,61,390 shares. Company has a market cap of $17,885 M.
On the company’s financial health, T. Rowe Price Group Inc reported $1.17 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Oct 27, 2016. Analyst had a consensus of $1.18. The company had revenue of $1092.00 million for the quarter, compared to analysts expectations of $1080.31 million. The company’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.06 EPS.
Many Wall Street Analysts have commented on T. Rowe Price Group Inc. Company shares were Upgraded by UBS on Nov 10, 2016 to ” Buy”, Firm has raised the Price Target to $ 82 from a previous price target of $66 .Company shares were Reiterated by Deutsche Bank on Sep 9, 2016 to “Hold”, Firm has raised the Price Target to $ 74 from a previous price target of $71 .
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.