Large Outflow of Money Witnessed in T. Rowe Price Group

T. Rowe Price Group (NASDAQ:TROW) managed to stay afloat and traded higher with an addition of 0.11 point or 0.15% at $71.35. The money flow data is a negative $(-8.1) million with $8.86 million in upticks and $16.95 million in downticks. The intraday up/down ratio came in at 0.52. The shares have seen -2.03% change for the week in its share price.From the data available, it was found that a block transaction occurred during the course of trading. For it, the aggregated worth of the upticks was $0 million and the combined worth of the downticks was $8.8, Million, leading to the up/down ratio of 0. The block trade saw a net money flow of $(-8.8) million.

T. Rowe Price Group, Inc. has lost 1.27% in the last five trading days and dropped 3.39% in the last 4 weeks. T. Rowe Price Group, Inc. has dropped 2.23% during the last 3-month period . Year-to-Date the stock performance stands at 1.33%.

Currently the company Insiders own 3.6% of T. Rowe Price Group shares according to the proxy statements. Institutional Investors own 70.52% of T. Rowe Price Group shares. . On the companys insider trading activities, Kennedy James A C, director of Price T Rowe Group Inc, unloaded 50,000 shares at an average price of $77.75 on April 27, 2016. The total amount of the transaction was worth $3,887,500, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

T. Rowe Price Group (NASDAQ:TROW) rose 0.18% or 0.13 points on Friday and made its way into the gainers of the day. After trading began at $71.11 the stock was seen hitting $71.66 as a peak level and $70.8 as the lowest level. The stock ended up at $71.37. The daily volume was measured at 1,353,083 shares. The 52-week high of the share price is $79.96 and the 52-week low is $63.57. The company has a market cap of $17,714 million.

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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