Van Strum Towne buys $2,495,930 stake in T. Rowe Price Group Inc (TROW)

T. Rowe Price Group Inc (TROW) : Van Strum Towne scooped up 1,525 additional shares in T. Rowe Price Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 36,315 shares of T. Rowe Price Group Inc which is valued at $2,495,930.T. Rowe Price Group Inc makes up approximately 1.60% of Van Strum Towne’s portfolio.

Other Hedge Funds, Including , Convergence Investment Partners sold out all of its stake in TROW during the most recent quarter. The investment firm sold 12,484 shares of TROW which is valued $858,025.Advisors Asset Management boosted its stake in TROW in the latest quarter, The investment management firm added 3,858 additional shares and now holds a total of 77,935 shares of T. Rowe Price Group Inc which is valued at $5,378,294. T. Rowe Price Group Inc makes up approx 0.08% of Advisors Asset Management’s portfolio. Harfst Associates added TROW to its portfolio by purchasing 17,604 company shares during the most recent quarter which is valued at $1,229,463. T. Rowe Price Group Inc makes up approx 0.47% of Harfst Associates’s portfolio. Americafirst Capital Management added TROW to its portfolio by purchasing 1,207 company shares during the most recent quarter which is valued at $89,402. T. Rowe Price Group Inc makes up approx 0.06% of Americafirst Capital Management’s portfolio.Nn Investment Partners Holdings N.v. boosted its stake in TROW in the latest quarter, The investment management firm added 475,950 additional shares and now holds a total of 497,216 shares of T. Rowe Price Group Inc which is valued at $36,739,290. T. Rowe Price Group Inc makes up approx 0.34% of Nn Investment Partners Holdings N.v.’s portfolio.

T. Rowe Price Group Inc closed down -0.14 points or -0.20% at $68.98 with 12,06,054 shares getting traded on Friday. Post opening the session at $68.86, the shares hit an intraday low of $68.335 and an intraday high of $69.25 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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.

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