T. Rowe Price Group, Inc. (TROW) Shares Sold by Kennedy Capital Management Inc.

Kennedy Capital Management Inc. reduced its position in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 3.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,099 shares of the asset manager’s stock after selling 2,032 shares during the period. Kennedy Capital Management Inc.’s holdings in T. Rowe Price Group were worth $3,687,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC increased its stake in T. Rowe Price Group by 1.4% in the first quarter. Quadrant Capital Group LLC now owns 1,660 shares of the asset manager’s stock worth $107,000 after buying an additional 23 shares in the last quarter. Mosaic Family Wealth LLC increased its stake in T. Rowe Price Group by 4.5% in the first quarter. Mosaic Family Wealth LLC now owns 1,967 shares of the asset manager’s stock worth $134,000 after buying an additional 85 shares in the last quarter. Duncker Streett & Co. Inc. increased its stake in T. Rowe Price Group by 57.9% in the first quarter. Duncker Streett & Co. Inc. now owns 2,472 shares of the asset manager’s stock worth $168,000 after buying an additional 906 shares in the last quarter. Mycio Wealth Partners LLC purchased a new stake in T. Rowe Price Group during the first quarter worth about $207,000. Finally, Patriot Financial Group Insurance Agency LLC increased its stake in T. Rowe Price Group by 5.3% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 3,053 shares of the asset manager’s stock worth $210,000 after buying an additional 154 shares in the last quarter. 71.25% of the stock is owned by institutional investors and hedge funds.

T. Rowe Price Group, Inc. (NASDAQ:TROW) traded down 0.39% during trading on Friday, reaching $82.35. The company had a trading volume of 1,386,170 shares. The firm’s 50-day moving average price is $76.71 and its 200 day moving average price is $72.16. T. Rowe Price Group, Inc. has a one year low of $62.97 and a one year high of $85.42. The firm has a market capitalization of $19.79 billion, a P/E ratio of 14.14 and a beta of 1.22.

T. Rowe Price Group (NASDAQ:TROW) last issued its quarterly earnings results on Tuesday, July 25th. The asset manager reported $1.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.01. T. Rowe Price Group had a return on equity of 24.38% and a net margin of 32.64%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the business posted $0.76 EPS. T. Rowe Price Group’s revenue for the quarter was up 12.1% compared to the same quarter last year. Equities analysts forecast that T. Rowe Price Group, Inc. will post $5.57 earnings per share for the current fiscal year.

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A number of research firms have issued reports on TROW. UBS AG reissued a “sell” rating and issued a $63.00 target price (up from $62.00) on shares of T. Rowe Price Group in a research report on Friday, July 14th. Citigroup Inc. lifted their price target on T. Rowe Price Group from $73.50 to $90.00 and gave the company a “neutral” rating in a research report on Wednesday. TheStreet upgraded T. Rowe Price Group from a “c+” rating to a “b-” rating in a research report on Friday, April 28th. Zacks Investment Research upgraded T. Rowe Price Group from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a research report on Wednesday, June 28th. Finally, Credit Suisse Group lifted their price target on T. Rowe Price Group from $70.00 to $90.00 and gave the company a “neutral” rating in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $77.90.

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.

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

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