Vest Financial LLC Has $57.31 Million Stock Holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Vest Financial LLC raised its holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 17.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 506,737 shares of the asset manager’s stock after buying an additional 76,910 shares during the quarter. T. Rowe Price Group accounts for about 1.0% of Vest Financial LLC’s investment portfolio, making the stock its 21st largest position. Vest Financial LLC owned about 0.23% of T. Rowe Price Group worth $57,307,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Nilsine Partners LLC lifted its stake in shares of T. Rowe Price Group by 75.5% in the fourth quarter. Nilsine Partners LLC now owns 5,509 shares of the asset manager’s stock valued at $623,000 after buying an additional 2,370 shares during the period. Principal Financial Group Inc. raised its holdings in T. Rowe Price Group by 2.8% in the 3rd quarter. Principal Financial Group Inc. now owns 275,978 shares of the asset manager’s stock valued at $30,062,000 after acquiring an additional 7,503 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of T. Rowe Price Group by 3.8% in the 3rd quarter. Janus Henderson Group PLC now owns 29,989 shares of the asset manager’s stock worth $3,267,000 after acquiring an additional 1,100 shares during the period. Aigen Investment Management LP bought a new stake in shares of T. Rowe Price Group during the third quarter valued at approximately $516,000. Finally, Charles Schwab Investment Management Inc. raised its stake 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 in the last quarter. 73.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. StockNews.com downgraded shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a research note on Sunday, February 2nd. Evercore ISI lifted their target price on shares of T. Rowe Price Group from $112.00 to $113.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. dropped their price target on shares of T. Rowe Price Group from $116.00 to $115.00 and set an “underweight” rating for the company in a research report on Monday, November 4th. Barclays decreased their price objective on T. Rowe Price Group from $113.00 to $105.00 and set an “underweight” rating on the stock in a report on Thursday. Finally, Morgan Stanley increased their target price on T. Rowe Price Group from $129.00 to $132.00 and gave the stock an “equal weight” rating in a report on Friday, December 20th. Four research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $115.09.

Insider Transactions at T. Rowe Price Group

In other news, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of the business’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $123.35, for a total transaction of $499,197.45. Following the completion of the sale, the vice president now owns 119,577 shares in the company, valued at $14,749,822.95. The trade was a 3.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.00% of the stock is owned by company insiders.

T. Rowe Price Group Stock Performance

T. Rowe Price Group stock opened at $110.14 on Friday. T. Rowe Price Group, Inc. has a 52 week low of $100.49 and a 52 week high of $125.81. The firm has a market cap of $24.47 billion, a P/E ratio of 12.02, a P/E/G ratio of 1.70 and a beta of 1.44. The business’s fifty day moving average is $116.05 and its two-hundred day moving average is $112.63.

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 (EPS) for the quarter, missing the consensus estimate of $2.20 by ($0.08). T. Rowe Price Group had a return on equity of 20.91% and a net margin of 29.61%. During the same quarter last year, the company posted $1.72 EPS. On average, equities research analysts predict that T. Rowe Price Group, Inc. will post 9.36 earnings per share for the current 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.