T. Rowe Price Group Inc (TROW) : Pennsylvania Trust Co reduced its stake in T. Rowe Price Group Inc by 5.11% during the most recent quarter end. The investment management company now holds a total of 80,209 shares of T. Rowe Price Group Inc which is valued at $5,285,773 after selling 4,320 shares in T. Rowe Price Group Inc , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.T. Rowe Price Group Inc makes up approximately 0.43% of Pennsylvania Trust Co’s portfolio.
Other Hedge Funds, Including , National Pension Service boosted its stake in TROW in the latest quarter, The investment management firm added 15,851 additional shares and now holds a total of 211,525 shares of T. Rowe Price Group Inc which is valued at $13,939,498. T. Rowe Price Group Inc makes up approx 0.11% of National Pension Service’s portfolio. Premier Asset Managment added TROW to its portfolio by purchasing 6,500 company shares during the most recent quarter which is valued at $426,855. T. Rowe Price Group Inc makes up approx 0.11% of Premier Asset Managment’s portfolio.Capstone Asset Management Co boosted its stake in TROW in the latest quarter, The investment management firm added 620 additional shares and now holds a total of 28,014 shares of T. Rowe Price Group Inc which is valued at $1,847,523. T. Rowe Price Group Inc makes up approx 0.05% of Capstone Asset Management Co’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in TROW by selling 44,907 shares or 57.6% in the most recent quarter. The Hedge Fund company now holds 33,060 shares of TROW which is valued at $2,234,195. T. Rowe Price Group Inc makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.
T. Rowe Price Group Inc opened for trading at $66.22 and hit $66.57 on the upside on Friday, eventually ending the session at $65.9, with a gain of 0.35% or 0.23 points. The heightened volatility saw the trading volume jump to 12,56,763 shares. Company has a market cap of $16,380 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. 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 .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.