Fayez Sarofim Co Lowers stake in T. Rowe Price Group Inc (TROW)

T. Rowe Price Group Inc (TROW) : Fayez Sarofim Co reduced its stake in T. Rowe Price Group Inc by 0.06% during the most recent quarter end. The investment management company now holds a total of 8,007,118 shares of T. Rowe Price Group Inc which is valued at $586,361,251 after selling 4,590 shares in T. Rowe Price Group Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.T. Rowe Price Group Inc makes up approximately 3.33% of Fayez Sarofim Co’s portfolio.

Other Hedge Funds, Including , Tcw Group Inc boosted its stake in TROW in the latest quarter, The investment management firm added 9,970 additional shares and now holds a total of 56,219 shares of T. Rowe Price Group Inc which is valued at $4,116,917. T. Rowe Price Group Inc makes up approx 0.03% of Tcw Group Inc’s portfolio.Private Advisor Group boosted its stake in TROW in the latest quarter, The investment management firm added 671 additional shares and now holds a total of 5,432 shares of T. Rowe Price Group Inc which is valued at $381,815. T. Rowe Price Group Inc makes up approx 0.02% of Private Advisor Group’s portfolio.Global X Management Co boosted its stake in TROW in the latest quarter, The investment management firm added 4,258 additional shares and now holds a total of 4,292 shares of T. Rowe Price Group Inc which is valued at $273,400. T. Rowe Price Group Inc makes up approx 0.01% of Global X Management Co’s portfolio.World Asset Management Inc reduced its stake in TROW by selling 3,366 shares or 10.1% in the most recent quarter. The Hedge Fund company now holds 29,958 shares of TROW which is valued at $1,917,612. T. Rowe Price Group Inc makes up approx 0.07% of World Asset Management Inc’s portfolio.Bkd Wealth Advisors boosted its stake in TROW in the latest quarter, The investment management firm added 129 additional shares and now holds a total of 22,850 shares of T. Rowe Price Group Inc which is valued at $1,486,393. T. Rowe Price Group Inc makes up approx 0.21% of Bkd Wealth Advisors’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.

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