T. Rowe Price Group Inc (TROW) : Trilogy Global Advisors Lp reduced its stake in T. Rowe Price Group Inc by 7.33% during the most recent quarter end. The investment management company now holds a total of 729,951 shares of T. Rowe Price Group Inc which is valued at $50,862,986 after selling 57,775 shares in T. Rowe Price Group Inc , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.T. Rowe Price Group Inc makes up approximately 1.48% of Trilogy Global Advisors Lp’s portfolio.
Other Hedge Funds, Including , State Of New Jersey Common Pension Fund D reduced its stake in TROW by selling 50,000 shares or 25.06% in the most recent quarter. The Hedge Fund company now holds 149,500 shares of TROW which is valued at $10,330,450. T. Rowe Price Group Inc makes up approx 0.05% of State Of New Jersey Common Pension Fund D’s portfolio.Bbva Compass Bancshares Inc reduced its stake in TROW by selling 11,842 shares or 71.32% in the most recent quarter. The Hedge Fund company now holds 4,762 shares of TROW which is valued at $336,626. T. Rowe Price Group Inc makes up approx 0.02% of Bbva Compass Bancshares Inc’s portfolio.Dividend Assets Capital reduced its stake in TROW by selling 162,470 shares or 26.89% in the most recent quarter. The Hedge Fund company now holds 441,695 shares of TROW which is valued at $31,219,003. T. Rowe Price Group Inc makes up approx 0.91% of Dividend Assets Capital’s portfolio.Cypress Asset Management Inctx reduced its stake in TROW by selling 1,950 shares or 12.75% in the most recent quarter. The Hedge Fund company now holds 13,345 shares of TROW which is valued at $988,464. T. Rowe Price Group Inc makes up approx 0.19% of Cypress Asset Management Inctx’s portfolio.
T. Rowe Price Group Inc opened for trading at $68.69 and hit $69.03 on the upside on Wednesday, eventually ending the session at $69.01, with a gain of 0.54% or 0.37 points. The heightened volatility saw the trading volume jump to 13,19,179 shares. Company has a market cap of $17,153 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. 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.