Vanguard Personalized Indexing Management LLC Raises Holdings in T. Rowe Price Group, Inc. $TROW

Vanguard Personalized Indexing Management LLC increased its holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 16.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 58,648 shares of the asset manager’s stock after purchasing an additional 8,278 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in T. Rowe Price Group were worth $6,020,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Woodline Partners LP lifted its stake in shares of T. Rowe Price Group by 41.0% during the 1st quarter. Woodline Partners LP now owns 18,809 shares of the asset manager’s stock worth $1,728,000 after purchasing an additional 5,467 shares during the last quarter. Focus Partners Wealth raised its holdings in T. Rowe Price Group by 10.6% in the first quarter. Focus Partners Wealth now owns 13,054 shares of the asset manager’s stock worth $1,199,000 after purchasing an additional 1,250 shares in the last quarter. Park Avenue Securities LLC lifted its position in shares of T. Rowe Price Group by 6.7% during the second quarter. Park Avenue Securities LLC now owns 5,208 shares of the asset manager’s stock valued at $503,000 after buying an additional 329 shares during the last quarter. Dakota Wealth Management boosted its holdings in shares of T. Rowe Price Group by 4.7% in the 2nd quarter. Dakota Wealth Management now owns 2,537 shares of the asset manager’s stock valued at $245,000 after buying an additional 114 shares in the last quarter. Finally, V Square Quantitative Management LLC boosted its holdings in shares of T. Rowe Price Group by 3.2% in the 2nd quarter. V Square Quantitative Management LLC now owns 7,354 shares of the asset manager’s stock valued at $710,000 after buying an additional 231 shares in the last quarter. Institutional investors own 73.39% of the company’s stock.

Insider Activity

In other news, VP Arif Husain sold 4,260 shares of the company’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $101.96, for a total transaction of $434,349.60. Following the completion of the sale, the vice president owned 47,102 shares of the company’s stock, valued at $4,802,519.92. This represents a 8.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently commented on TROW shares. Barclays reduced their price objective on shares of T. Rowe Price Group from $102.00 to $101.00 and set an “underweight” rating for the company in a research note on Thursday, January 15th. Morgan Stanley upped their price target on T. Rowe Price Group from $126.00 to $128.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 17th. Keefe, Bruyette & Woods decreased their price objective on T. Rowe Price Group from $117.00 to $115.00 and set a “market perform” rating for the company in a report on Tuesday, December 16th. The Goldman Sachs Group dropped their target price on T. Rowe Price Group from $97.00 to $95.00 and set a “sell” rating on the stock in a research note on Wednesday, January 14th. Finally, Jefferies Financial Group upped their target price on T. Rowe Price Group from $104.00 to $106.00 and gave the company a “hold” rating in a research report on Tuesday, October 7th. Eleven research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce” and an average price target of $107.31.

T. Rowe Price Group Trading Down 0.5%

Shares of TROW stock traded down $0.50 during mid-day trading on Wednesday, reaching $104.81. The stock had a trading volume of 95,735 shares, compared to its average volume of 1,601,931. The business’s fifty day moving average is $104.26 and its 200-day moving average is $104.62. The firm has a market cap of $22.87 billion, a price-to-earnings ratio of 11.42, a PEG ratio of 2.57 and a beta of 1.52. T. Rowe Price Group, Inc. has a 1-year low of $77.85 and a 1-year high of $118.32.

T. Rowe Price Group (NASDAQ:TROW) last released its quarterly earnings data on Friday, October 31st. The asset manager reported $2.81 EPS for the quarter, beating the consensus estimate of $2.55 by $0.26. T. Rowe Price Group had a net margin of 28.89% and a return on equity of 19.95%. The business had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the prior year, the firm earned $2.57 EPS. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, analysts forecast that T. Rowe Price Group, Inc. will post 9.29 earnings per share for the current year.

T. Rowe Price Group Company Profile

T. Rowe Price Group, Inc is a global investment management firm headquartered in Baltimore, Maryland, founded by Thomas Rowe Price Jr. in 1937. The company provides a broad range of investment products and services for individual investors, financial intermediaries, retirement plan sponsors and institutional clients. Its offerings are built around active investment management and in-house research across equity, fixed income and multi-asset strategies, reflecting a long history as a research-driven asset manager.

The firm’s product lineup includes mutual funds, separate accounts, collective investment trusts, target-date and target-risk funds, and managed account solutions, as well as services for defined contribution and defined benefit retirement plans.