Y.D. More Investments Ltd Grows Position in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Y.D. More Investments Ltd raised its position in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 124.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 280 shares of the asset manager’s stock after purchasing an additional 155 shares during the quarter. Y.D. More Investments Ltd’s holdings in T. Rowe Price Group were worth $32,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in TROW. International Assets Investment Management LLC lifted its holdings in T. Rowe Price Group by 7,992.0% during the 3rd quarter. International Assets Investment Management LLC now owns 1,067,655 shares of the asset manager’s stock valued at $116,300,000 after buying an additional 1,054,461 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of T. Rowe Price Group by 382.1% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 398,175 shares of the asset manager’s stock valued at $43,373,000 after acquiring an additional 315,581 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of T. Rowe Price Group by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,840,807 shares of the asset manager’s stock valued at $745,169,000 after purchasing an additional 231,286 shares during the period. Franklin Resources Inc. grew its stake in T. Rowe Price Group by 45.1% in the third quarter. Franklin Resources Inc. now owns 490,155 shares of the asset manager’s stock worth $53,760,000 after purchasing an additional 152,430 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC purchased a new position in T. Rowe Price Group during the 3rd quarter worth $13,559,000. Institutional investors own 73.39% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on TROW shares. StockNews.com cut T. Rowe Price Group from a “buy” rating to a “hold” rating in a report on Sunday, February 2nd. Evercore ISI upped their price objective on shares of T. Rowe Price Group from $112.00 to $113.00 and gave the stock an “in-line” rating in a research note on Thursday, November 7th. Barclays cut their target price on shares of T. Rowe Price Group from $113.00 to $105.00 and set an “underweight” rating on the stock in a research report on Thursday. TD Cowen lowered their price target on shares of T. Rowe Price Group from $120.00 to $116.00 and set a “hold” rating for the company in a research report on Monday, November 4th. Finally, JPMorgan Chase & Co. cut their price objective on shares of T. Rowe Price Group from $116.00 to $115.00 and set an “underweight” rating on the stock in a report on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $115.09.

Insider Buying and Selling at T. Rowe Price Group

In other T. Rowe Price Group news, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $123.35, for a total transaction of $499,197.45. Following the sale, the vice president now owns 119,577 shares in the company, valued at approximately $14,749,822.95. The trade was a 3.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is currently owned by company insiders.

T. Rowe Price Group Price Performance

T. Rowe Price Group stock opened at $111.44 on Friday. The business has a fifty day moving average price of $116.31 and a 200-day moving average price of $112.63. T. Rowe Price Group, Inc. has a 1-year low of $100.49 and a 1-year high of $125.81. The stock has a market capitalization of $24.76 billion, a price-to-earnings ratio of 12.19, a PEG ratio of 1.78 and a beta of 1.44.

T. Rowe Price Group (NASDAQ:TROW) last issued its quarterly earnings results on Wednesday, February 5th. The asset manager reported $2.12 earnings per share for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.08). T. Rowe Price Group had a return on equity of 20.35% and a net margin of 30.35%. During the same period in the previous year, the business posted $1.72 EPS. On average, equities research analysts anticipate that T. Rowe Price Group, Inc. will post 9.42 earnings per share for the current fiscal year.

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.