Barings LLC held its stake in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,692 shares of the asset manager’s stock at the end of the first quarter. Barings LLC’s holdings in T. Rowe Price Group were worth $1,410,000 as of its most recent SEC filing.

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 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. The firm’s 50 day moving average is $77.24 and its 200 day moving average is $72.27.

T. Rowe Price Group (NASDAQ:TROW) last posted its quarterly earnings results on Tuesday, July 25th. The asset manager reported $1.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.01. The company had revenue of $1.17 billion for 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 quarter in the prior year, the business posted $0.76 EPS. On average, analysts anticipate that T. Rowe Price Group, Inc. will post $5.69 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “Barings LLC Continues to Hold Position in T. Rowe Price Group, Inc. (NASDAQ:TROW)” was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this news story on another website, it was copied illegally and republished in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be read at https://www.thecerbatgem.com/2017/08/04/t-rowe-price-group-inc-nasdaqtrow-stake-maintained-by-barings-llc-updated-updated-updated.html.

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 other T. Rowe Price Group news, insider David Oestreicher sold 10,394 shares of the 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 completion of the transaction, the insider now owns 82,299 shares in the company, valued at approximately $6,836,577.93. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Anne M. Whittemore sold 8,326 shares of the stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $82.03, for a total value of $682,981.78. Following the transaction, the director now owns 28,982 shares of the company’s stock, valued at approximately $2,377,393.46. The disclosure for this sale can be found here. Company 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)

Receive News & Stock Ratings for T. Rowe Price Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for T. Rowe Price Group Inc. and related stocks with our FREE daily email newsletter.