T. Rowe Price Group Inc (TROW) : Zevin Asset Management scooped up 370 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 8, 2016. The investment management firm now holds a total of 115,049 shares of T. Rowe Price Group Inc which is valued at $7,939,531.T. Rowe Price Group Inc makes up approximately 2.13% of Zevin Asset Management’s portfolio.
Other Hedge Funds, Including , Bnp Paribas Investment Partners S.a. boosted its stake in TROW in the latest quarter, The investment management firm added 1,039 additional shares and now holds a total of 98,316 shares of T. Rowe Price Group Inc which is valued at $6,784,787. T. Rowe Price Group Inc makes up approx 0.06% of Bnp Paribas Investment Partners S.a.’s portfolio.Mizuho Trust Banking Ltd. reduced its stake in TROW by selling 3,438 shares or 0.71% in the most recent quarter. The Hedge Fund company now holds 480,587 shares of TROW which is valued at $33,208,562. T. Rowe Price Group Inc makes up approx 0.10% of Mizuho Trust Banking Ltd.’s portfolio.Meag Munich Ergo Kapitalanlagegesellschaft Mbh reduced its stake in TROW by selling 65,593 shares or 52.38% in the most recent quarter. The Hedge Fund company now holds 59,626 shares of TROW which is valued at $4,214,962. T. Rowe Price Group Inc makes up approx 0.37% of Meag Munich Ergo Kapitalanlagegesellschaft Mbh’s portfolio.Conning reduced its stake in TROW by selling 100 shares or 1.62% in the most recent quarter. The Hedge Fund company now holds 6,063 shares of TROW which is valued at $428,533. T. Rowe Price Group Inc makes up approx 0.02% of Conning’s portfolio.
T. Rowe Price Group Inc closed down -0.09 points or -0.13% at $68.64 with 11,56,299 shares getting traded on Monday. Post opening the session at $68.77, the shares hit an intraday low of $68.58 and an intraday high of $69.08 and the price fluctuated in this range throughout the day.Shares ended Monday 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.