Gamco Investors INC. ET AL lowered its stake in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 0.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 175,130 shares of the asset manager’s stock after selling 1,300 shares during the period. Gamco Investors INC. ET AL owned about 0.07% of T. Rowe Price Group worth $12,996,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TROW. Daiwa Securities Group Inc. boosted its position in 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 valued at $460,000 after buying an additional 400 shares during the last quarter. Gabelli Funds LLC boosted its position 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 last quarter. Rothschild Investment Corp IL boosted its position 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 last quarter. British Columbia Investment Management Corp boosted its position 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 last quarter. Finally, Bridgewater Associates LP boosted its position in T. Rowe Price Group by 14.9% in the first quarter. Bridgewater Associates LP now owns 131,857 shares of the asset manager’s stock valued at $8,986,000 after buying an additional 17,119 shares during the last quarter. 72.10% of the stock is owned by hedge funds and other institutional investors.

T. Rowe Price Group, Inc. (TROW) opened at 82.30 on Monday. The firm has a 50 day moving average of $80.75 and a 200-day moving average of $73.28. T. Rowe Price Group, Inc. has a 52-week low of $62.97 and a 52-week high of $85.42. The company has a market capitalization of $19.78 billion, a price-to-earnings ratio of 14.13 and a beta of 1.24.

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 (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 company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the firm posted $0.76 EPS. T. Rowe Price Group’s revenue for the quarter was up 12.1% compared to the same quarter last year. Equities analysts expect that T. Rowe Price Group, Inc. will post $5.66 EPS for the current year.

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Several research analysts have recently weighed in on TROW shares. Deutsche Bank AG reissued a “hold” rating and set a $71.00 price objective (down from $74.00) on shares of T. Rowe Price Group in a report on Monday, May 1st. Citigroup Inc. boosted their price objective on shares of T. Rowe Price Group from $73.50 to $90.00 and gave the company a “neutral” rating in a report on Wednesday, July 26th. Credit Suisse Group boosted their price objective on shares of T. Rowe Price Group from $70.00 to $90.00 and gave the company a “neutral” rating in a report on Wednesday, July 26th. Morgan Stanley restated an “underweight” rating and set a $71.00 target price (up from $70.00) on shares of T. Rowe Price Group in a research report on Tuesday, July 18th. Finally, BidaskClub upgraded shares of T. Rowe Price Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 14th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $79.20.

In other news, Director Anne M. Whittemore sold 8,326 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $82.03, for a total transaction of $682,981.78. Following the sale, the director now owns 28,982 shares of the company’s stock, valued at approximately $2,377,393.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David Oestreicher sold 10,394 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $83.07, for a total transaction of $863,429.58. Following the sale, the insider now directly owns 82,299 shares in the company, 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.

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

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