Credit Suisse AG cut its position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 5.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 563,716 shares of the asset manager’s stock after selling 31,809 shares during the period. Credit Suisse AG owned about 0.23% of T. Rowe Price Group worth $38,417,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of TROW. Daiwa Securities Group Inc. boosted its stake in shares of T. Rowe Price Group by 6.3% in the first quarter. Daiwa Securities Group Inc. now owns 6,750 shares of the asset manager’s stock worth $460,000 after buying an additional 400 shares in the last quarter. Gabelli Funds LLC boosted its stake in T. Rowe Price Group by 16.6% in the first quarter. Gabelli Funds LLC now owns 516,000 shares of the asset manager’s stock valued at $35,165,000 after buying an additional 73,400 shares during the period. Rothschild Investment Corp IL boosted its stake in T. Rowe Price Group by 42.0% in the first quarter. Rothschild Investment Corp IL now owns 5,750 shares of the asset manager’s stock valued at $392,000 after buying an additional 1,700 shares during the period. British Columbia Investment Management Corp boosted its stake in T. Rowe Price Group by 47.4% in the first quarter. British Columbia Investment Management Corp now owns 256,180 shares of the asset manager’s stock valued at $17,459,000 after buying an additional 82,409 shares during the period. Finally, Confluence Investment Management LLC boosted its stake in T. Rowe Price Group by 9.7% in the first quarter. Confluence Investment Management LLC now owns 162,924 shares of the asset manager’s stock valued at $11,103,000 after buying an additional 14,444 shares during the period. Institutional investors own 71.49% of the company’s stock.

T. Rowe Price Group, Inc. (NASDAQ:TROW) traded up 0.17% during trading on Friday, hitting $82.79. The stock had a trading volume of 879,543 shares. The firm’s 50 day moving average is $77.24 and its 200 day moving average is $72.27. The firm has a market cap of $19.90 billion, a price-to-earnings ratio of 14.22 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.

T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly earnings data on Tuesday, July 25th. The asset manager reported $1.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.01. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. T. Rowe Price Group had a return on equity of 24.38% and a net margin of 32.64%. T. Rowe Price Group’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.76 EPS. 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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TROW has been the subject of several analyst reports. TheStreet upgraded T. Rowe Price Group from a “c+” rating to a “b-” rating in a research note on Friday, April 28th. Jefferies Group LLC reiterated a “buy” rating and issued a $83.00 price objective (down previously from $84.00) on shares of T. Rowe Price Group in a research 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 for the company in a research report on Wednesday, June 28th. BidaskClub cut T. Rowe Price Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Finally, ValuEngine raised T. Rowe Price Group from a “hold” rating to a “buy” rating in a report on Wednesday. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $77.90.

In related news, Director Anne M. Whittemore sold 8,326 shares of T. Rowe Price Group stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $82.03, for a total transaction of $682,981.78. Following the completion of the transaction, the director now owns 28,982 shares in the company, valued at $2,377,393.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David Oestreicher sold 10,394 shares of T. Rowe Price Group stock in a transaction dated 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 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. 3.60% of the stock is 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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