Smith Salley & Associates decreased its position in shares of T. Rowe Price Group Inc (NASDAQ:TROW) by 10.3% during the 4th quarter, HoldingsChannel reports. The fund owned 2,722 shares of the asset manager’s stock after selling 314 shares during the period. Smith Salley & Associates’ holdings in T. Rowe Price Group were worth $251,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Huntington National Bank boosted its stake in shares of T. Rowe Price Group by 44.6% during the 4th quarter. Huntington National Bank now owns 28,400 shares of the asset manager’s stock worth $2,622,000 after acquiring an additional 8,762 shares in the last quarter. Tandem Investment Advisors Inc. boosted its stake in shares of T. Rowe Price Group by 7.6% during the 3rd quarter. Tandem Investment Advisors Inc. now owns 102,329 shares of the asset manager’s stock worth $11,172,000 after acquiring an additional 7,239 shares in the last quarter. Confluence Investment Management LLC boosted its stake in shares of T. Rowe Price Group by 2.3% during the 3rd quarter. Confluence Investment Management LLC now owns 182,119 shares of the asset manager’s stock worth $19,884,000 after acquiring an additional 4,140 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of T. Rowe Price Group by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,116,400 shares of the asset manager’s stock worth $245,692,000 after acquiring an additional 8,164 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of T. Rowe Price Group by 99.7% during the 3rd quarter. SG Americas Securities LLC now owns 54,233 shares of the asset manager’s stock worth $5,921,000 after acquiring an additional 27,072 shares in the last quarter. 73.50% of the stock is currently owned by institutional investors and hedge funds.

In other T. Rowe Price Group news, VP Christopher D. Alderson sold 5,681 shares of the stock in a transaction on Monday, December 10th. The stock was sold at an average price of $92.22, for a total transaction of $523,901.82. Following the transaction, the vice president now owns 118,818 shares of the company’s stock, valued at approximately $10,957,395.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 3.10% of the company’s stock.

Several equities research analysts have recently commented on TROW shares. BidaskClub raised T. Rowe Price Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 16th. Credit Suisse Group reduced their target price on T. Rowe Price Group from $115.00 to $107.00 and set an “outperform” rating on the stock in a research note on Monday, January 14th. Wells Fargo & Co reduced their target price on T. Rowe Price Group from $115.00 to $106.00 and set a “market perform” rating on the stock in a research note on Friday, October 26th. Citigroup reduced their target price on T. Rowe Price Group from $113.00 to $105.00 and set a “hold” rating on the stock in a research note on Monday, October 29th. Finally, Morgan Stanley set a $101.00 target price on T. Rowe Price Group and gave the company a “hold” rating in a research note on Friday. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $103.64.

TROW stock opened at $92.38 on Monday. T. Rowe Price Group Inc has a 1 year low of $84.59 and a 1 year high of $127.43. The company has a market capitalization of $22.23 billion, a P/E ratio of 12.92, a P/E/G ratio of 1.56 and a beta of 1.02.

T. Rowe Price Group (NASDAQ:TROW) last posted its earnings results on Wednesday, January 30th. The asset manager reported $1.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.25). T. Rowe Price Group had a net margin of 33.95% and a return on equity of 29.12%. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the previous year, the company posted $1.52 EPS. T. Rowe Price Group’s quarterly revenue was up 1.1% compared to the same quarter last year. As a group, equities analysts forecast that T. Rowe Price Group Inc will post 6.14 earnings per share for the current year.

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About T. Rowe Price Group

T. Rowe Price Group, Inc is a publicly owned investment manager. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. It launches and manages equity and fixed income mutual funds. The firm invests in the public equity and fixed income markets across the globe.

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

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