iAB Financial Bank increased its position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 15.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,935 shares of the asset manager’s stock after buying an additional 665 shares during the period. iAB Financial Bank’s holdings in T. Rowe Price Group were worth $366,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Mosaic Family Wealth LLC increased its position in 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 worth $134,000 after buying an additional 85 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in T. Rowe Price Group by 103.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,119 shares of the asset manager’s stock worth $157,000 after buying an additional 1,075 shares during the last quarter. FNY Partners Fund LP bought a new position in T. Rowe Price Group during the first quarter worth about $147,000. Duncker Streett & Co. Inc. increased its position in 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 worth $168,000 after buying an additional 906 shares during the last quarter. Finally, National Planning Corp bought a new position in T. Rowe Price Group during the second quarter worth about $209,000. Institutional investors own 72.10% of the company’s stock.

Shares of T. Rowe Price Group, Inc. (TROW) opened at 82.30 on Monday. The stock 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 1-year low of $62.97 and a 1-year high of $85.42. The company has a market cap 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 the consensus estimate of $1.27 by $0.01. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.76 EPS. On average, equities analysts forecast that T. Rowe Price Group, Inc. will post $5.66 EPS for the current year.

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A number of research analysts recently issued reports on the stock. UBS AG reiterated a “sell” rating and set a $61.00 target price (down previously from $77.00) on shares of T. Rowe Price Group in a research report on Wednesday, May 24th. BidaskClub downgraded shares of T. Rowe Price Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 1st. Jefferies Group LLC restated a “buy” rating and set a $96.00 price target on shares of T. Rowe Price Group in a research note on Sunday. Wells Fargo & Company restated a “market perform” rating on shares of T. Rowe Price Group in a research note on Thursday, July 27th. Finally, ValuEngine upgraded shares of T. Rowe Price Group from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Three 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 assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $79.20.

In other 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 value of $682,981.78. Following the completion of the transaction, the director now owns 28,982 shares of the company’s stock, valued at approximately $2,377,393.46. The transaction was disclosed in a legal filing with the SEC, which is available through 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 completion of 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. 3.60% of the stock is owned by 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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