Gamco Investors INC. ET AL lessened its holdings in T. Rowe Price Group Inc (NASDAQ:TROW) by 5.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 172,090 shares of the asset manager’s stock after selling 9,700 shares during the quarter. Gamco Investors INC. ET AL’s holdings in T. Rowe Price Group were worth $18,057,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Signature Estate & Investment Advisors LLC acquired a new stake in shares of T. Rowe Price Group in the 3rd quarter valued at $118,000. Grove Bank & Trust lifted its stake in shares of T. Rowe Price Group by 178.7% in the 3rd quarter. Grove Bank & Trust now owns 1,310 shares of the asset manager’s stock valued at $119,000 after acquiring an additional 840 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in shares of T. Rowe Price Group by 5.4% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,749 shares of the asset manager’s stock valued at $121,000 after acquiring an additional 89 shares during the last quarter. Stock Yards Bank & Trust Co. bought a new position in shares of T. Rowe Price Group in the 4th quarter valued at $205,000. Finally, Checchi Capital Advisers LLC bought a new position in shares of T. Rowe Price Group in the 4th quarter valued at $207,000. 72.30% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CFO Kenneth V. Moreland sold 14,419 shares of T. Rowe Price Group stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $97.07, for a total value of $1,399,652.33. Following the completion of the transaction, the chief financial officer now directly owns 125,264 shares of the company’s stock, valued at approximately $12,159,376.48. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO William J. Stromberg sold 30,000 shares of T. Rowe Price Group stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $97.09, for a total value of $2,912,700.00. Following the completion of the transaction, the chief executive officer now directly owns 534,077 shares of the company’s stock, valued at $51,853,535.93. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 204,980 shares of company stock valued at $20,776,729. 3.60% of the stock is owned by corporate insiders.

T. Rowe Price Group Inc (NASDAQ:TROW) opened at $106.52 on Thursday. The stock has a market capitalization of $25,919.90, a price-to-earnings ratio of 19.70, a P/E/G ratio of 1.37 and a beta of 1.28. T. Rowe Price Group Inc has a 12-month low of $66.70 and a 12-month high of $120.07.

T. Rowe Price Group (NASDAQ:TROW) last announced its earnings results on Tuesday, January 30th. The asset manager reported $1.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.48 by $0.04. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.27 billion. T. Rowe Price Group had a return on equity of 25.30% and a net margin of 31.07%. T. Rowe Price Group’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same period last year, the company earned $1.21 EPS. equities analysts predict that T. Rowe Price Group Inc will post 6.91 EPS for the current year.

A number of research analysts have recently commented on TROW shares. ValuEngine upgraded T. Rowe Price Group from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. BidaskClub cut T. Rowe Price Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 31st. Bank of America upgraded T. Rowe Price Group from a “neutral” rating to a “buy” rating and increased their price target for the company from $113.00 to $125.00 in a research note on Monday, January 8th. Zacks Investment Research upgraded T. Rowe Price Group from a “hold” rating to a “buy” rating and set a $118.00 price target for the company in a research note on Wednesday, December 27th. Finally, Citigroup increased their price target on T. Rowe Price Group from $94.00 to $95.00 and gave the company a “neutral” rating in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $98.70.

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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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