Investment Centers of America Inc. raised its stake in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 666.7% during the first quarter, according to its most recent filing with the SEC. The fund owned 24,211 shares of the asset manager’s stock after buying an additional 21,053 shares during the period. Investment Centers of America Inc.’s holdings in T. Rowe Price Group were worth $1,651,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of TROW. Quadrant Capital Group LLC boosted its stake in shares of T. Rowe Price Group by 1.4% in the first quarter. Quadrant Capital Group LLC now owns 1,660 shares of the asset manager’s stock valued at $107,000 after buying an additional 23 shares during the period. Mosaic Family Wealth LLC boosted its stake in shares of T. Rowe Price Group by 4.5% in the first quarter. Mosaic Family Wealth LLC now owns 1,967 shares of the asset manager’s stock valued at $134,000 after buying an additional 85 shares during the period. Duncker Streett & Co. Inc. boosted its stake in shares of T. Rowe Price Group by 57.9% in the first quarter. Duncker Streett & Co. Inc. now owns 2,472 shares of the asset manager’s stock valued at $168,000 after buying an additional 906 shares during the period. Mycio Wealth Partners LLC acquired a new stake in shares of T. Rowe Price Group during the first quarter valued at approximately $207,000. Finally, Patriot Financial Group Insurance Agency LLC boosted its stake in shares of T. Rowe Price Group by 5.3% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 3,053 shares of the asset manager’s stock valued at $210,000 after buying an additional 154 shares during the period. Hedge funds and other institutional investors own 71.49% of the company’s stock.

Shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) traded up 0.05% during trading on Thursday, hitting $82.65. The stock had a trading volume of 1,022,619 shares. The company has a market capitalization of $19.87 billion, a price-to-earnings ratio of 14.20 and a beta of 1.24. T. Rowe Price Group, Inc. has a 1-year low of $62.97 and a 1-year high of $85.42. The firm has a 50 day moving average of $77.24 and a 200 day moving average of $72.27.

T. Rowe Price Group (NASDAQ:TROW) last released its quarterly earnings results on Tuesday, July 25th. The asset manager reported $1.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.01. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. T. Rowe Price Group had a return on equity of 24.38% and a net margin of 32.64%. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.76 EPS. Analysts expect that T. Rowe Price Group, Inc. will post $5.69 EPS for the current fiscal year.

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TROW has been the topic of several research reports. TheStreet upgraded shares of T. Rowe Price Group from a “c+” rating to a “b-” rating in a research report on Friday, April 28th. Jefferies Group LLC restated a “buy” rating and set a $83.00 price objective (down previously from $84.00) on shares of T. Rowe Price Group in a report on Monday, April 17th. Zacks Investment Research upgraded T. Rowe Price Group from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a report on Wednesday, June 28th. BidaskClub downgraded T. Rowe Price Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Finally, ValuEngine upgraded T. Rowe Price Group from a “hold” rating to a “buy” rating in a report on Wednesday. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. T. Rowe Price Group has a consensus rating of “Hold” and an average target price of $77.90.

In other T. Rowe Price Group news, Director Anne M. Whittemore sold 8,326 shares of T. Rowe Price Group stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $82.03, for a total value of $682,981.78. Following the completion of the transaction, the director now directly owns 28,982 shares of the company’s stock, valued at approximately $2,377,393.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David Oestreicher sold 10,394 shares of the business’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $83.07, for a total value of $863,429.58. Following the transaction, the insider now directly owns 82,299 shares of the company’s stock, valued at approximately $6,836,577.93. The disclosure for this sale can be found here. Insiders own 3.60% of the company’s stock.

T. Rowe Price Group Company Profile

T. Rowe Price Group, Inc is a financial services holding company. The Company provides global investment management services through its subsidiaries to investors across the world. The Company provides an array of Company sponsored the United States mutual funds, other sponsored pooled investment vehicles, sub advisory services, separate account management, recordkeeping, and related services to individuals, advisors, institutions, financial intermediaries and retirement plan sponsors.

Institutional Ownership by Quarter for T. Rowe Price Group (NASDAQ:TROW)

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