T. Rowe Price Group Inc (TROW) : Clinton Group Inc scooped up 338,797 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 346,765 shares of T. Rowe Price Group Inc which is valued at $25,393,601.T. Rowe Price Group Inc makes up approximately 1.17% of Clinton Group Inc’s portfolio.
Other Hedge Funds, Including , Nuveen Fund Advisors reduced its stake in TROW by selling 772 shares or 11.79% in the most recent quarter. The Hedge Fund company now holds 5,778 shares of TROW which is valued at $407,349. T. Rowe Price Group Inc makes up approx 0.06% of Nuveen Fund Advisors’s portfolio. Finemark National Bank Trust added TROW to its portfolio by purchasing 4,000 company shares during the most recent quarter which is valued at $281,160. T. Rowe Price Group Inc makes up approx 0.03% of Finemark National Bank Trust’s portfolio. King Luther Capital Management Corp sold out all of its stake in TROW during the most recent quarter. The investment firm sold 5,005 shares of TROW which is valued $351,801.Benin Management Corp reduced its stake in TROW by selling 3,600 shares or 42.68% in the most recent quarter. The Hedge Fund company now holds 4,835 shares of TROW which is valued at $318,530. T. Rowe Price Group Inc makes up approx 0.15% of Benin Management Corp’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.