Fiduciary Trust Co. cut its position in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 5.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,268 shares of the asset manager’s stock after selling 596 shares during the period. Fiduciary Trust Co.’s holdings in T. Rowe Price Group were worth $768,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. AQR Capital Management LLC increased its position in shares of T. Rowe Price Group by 39.4% in the first quarter. AQR Capital Management LLC now owns 343,380 shares of the asset manager’s stock worth $23,401,000 after buying an additional 97,133 shares in the last quarter. Investment Centers of America Inc. increased its position in T. Rowe Price Group by 666.7% in the first quarter. Investment Centers of America Inc. now owns 24,211 shares of the asset manager’s stock valued at $1,651,000 after buying an additional 21,053 shares during the period. BlueCrest Capital Management Ltd increased its position in T. Rowe Price Group by 1,207.2% in the first quarter. BlueCrest Capital Management Ltd now owns 67,320 shares of the asset manager’s stock valued at $4,588,000 after buying an additional 62,170 shares during the period. Gotham Asset Management LLC increased its position in T. Rowe Price Group by 29.5% in the first quarter. Gotham Asset Management LLC now owns 4,336 shares of the asset manager’s stock valued at $295,000 after buying an additional 987 shares during the period. Finally, Oppenheimer & Co. Inc. increased its position in T. Rowe Price Group by 45.1% in the first quarter. Oppenheimer & Co. Inc. now owns 70,088 shares of the asset manager’s stock valued at $4,777,000 after buying an additional 21,775 shares during the period. Hedge funds and other institutional investors own 71.49% of the company’s stock.

T. Rowe Price Group, Inc. (NASDAQ TROW) traded up 0.05% during midday trading on Thursday, reaching $82.65. The company’s stock had a trading volume of 1,022,619 shares. T. Rowe Price Group, Inc. has a 52 week low of $62.97 and a 52 week high of $85.42. The stock has a market capitalization of $19.87 billion, a PE ratio of 14.20 and a beta of 1.24. The firm’s 50-day moving average price is $77.24 and its 200-day moving average price is $72.27.

T. Rowe Price Group (NASDAQ:TROW) last released its quarterly earnings results on Tuesday, July 25th. The asset manager reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.01. T. Rowe Price Group had a net margin of 32.64% and a return on equity of 24.38%. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the firm earned $0.76 earnings per share. T. Rowe Price Group’s revenue for the quarter was up 12.1% compared to the same quarter last year. On average, analysts anticipate that T. Rowe Price Group, Inc. will post $5.69 earnings per share for the current year.

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Several equities analysts have recently weighed in on the company. Citigroup Inc. raised their target price on T. Rowe Price Group from $73.50 to $90.00 and gave the company a “neutral” rating in a research report on Wednesday, July 26th. Credit Suisse Group raised their target price on T. Rowe Price Group from $70.00 to $90.00 and gave the company a “neutral” rating in a research report on Wednesday, July 26th. BidaskClub downgraded T. Rowe Price Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Wells Fargo & Company restated a “market perform” rating on shares of T. Rowe Price Group in a research report on Thursday, July 27th. Finally, ValuEngine upgraded T. Rowe Price Group from a “hold” rating to a “buy” rating in a research report on Wednesday. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. T. Rowe Price Group presently has a consensus rating of “Hold” and a consensus price target of $77.90.

In related news, Director Anne M. Whittemore sold 8,326 shares of the firm’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $82.03, for a total transaction of $682,981.78. Following the transaction, the director now directly owns 28,982 shares of the company’s stock, valued at $2,377,393.46. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider David Oestreicher sold 10,394 shares of the firm’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $83.07, for a total transaction of $863,429.58. Following the transaction, the insider now directly owns 82,299 shares in the company, valued at $6,836,577.93. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by company insiders.

About T. Rowe Price Group

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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