T. Rowe Price Group (TROW) : During the past 4 weeks, traders have been relatively bearish on T. Rowe Price Group (TROW), hence the stock is down -8.87% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.64% relative to the S&P 500. The 4-week change in the price of the stock is -7.93% and the stock has fallen -1.59% in the past 1 week.
The stock has recorded a 20-day Moving Average of 3.51% and the 50-Day Moving Average is 4.58%. T. Rowe Price Group (NASDAQ:TROW): On Fridays trading session , Opening price of the stock was $68.87 with an intraday high of $69. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $68.57. However, the stock managed to close at $68.73, a loss of 0.41% for the day. On the previous day, the stock had closed at $69.01. The total traded volume of the day was 1,003,215 shares.
The company Insiders own 3.6% of T. Rowe Price Group shares according to the proxy statements. Institutional Investors own 69.24% of T. Rowe Price Group shares. Also, Barclays maintains its view on T. Rowe Price Group (NASDAQ:TROW) according to the research report released by the firm to its investors. The shares have now been rated Equal-weight by the stock experts at the ratings house. Barclays lowers the price target from $78 per share to $76 per share on T. Rowe Price Group . The rating by the firm was issued on August 9, 2016.
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.