T. Rowe Price Group Inc (TROW) Holdings Decreased by KBC Group NV

KBC Group NV reduced its position in T. Rowe Price Group Inc (NASDAQ:TROW) by 19.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 17,895 shares of the asset manager’s stock after selling 4,459 shares during the period. KBC Group NV’s holdings in T. Rowe Price Group were worth $1,652,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Reilly Financial Advisors LLC boosted its position in shares of T. Rowe Price Group by 66.3% during the fourth quarter. Reilly Financial Advisors LLC now owns 296 shares of the asset manager’s stock worth $27,000 after acquiring an additional 118 shares during the last quarter. We Are One Seven LLC bought a new position in shares of T. Rowe Price Group during the fourth quarter worth $36,000. Highwater Wealth Management LLC bought a new position in shares of T. Rowe Price Group during the fourth quarter worth $64,000. First Command Bank bought a new position in shares of T. Rowe Price Group during the fourth quarter worth $68,000. Finally, First Command Financial Services Inc. bought a new position in shares of T. Rowe Price Group during the fourth quarter worth $68,000. Institutional investors and hedge funds own 73.50% of the company’s stock.

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 shares were sold at an average price of $92.22, for a total transaction of $523,901.82. Following the completion of the transaction, the vice president now owns 118,818 shares in the company, valued at $10,957,395.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.10% of the stock is owned by company insiders.

A number of equities analysts recently weighed in on the stock. Deutsche Bank dropped their target price on shares of T. Rowe Price Group from $109.00 to $103.00 and set a “hold” rating for the company in a research report on Friday, November 16th. Bank of America restated a “buy” rating and set a $108.00 target price (down previously from $125.00) on shares of T. Rowe Price Group in a research report on Thursday, December 6th. Zacks Investment Research lowered shares of T. Rowe Price Group from a “buy” rating to a “hold” rating and set a $106.00 target price for the company. in a research report on Saturday, November 17th. Citigroup dropped their target price on shares of T. Rowe Price Group from $105.00 to $101.00 and set a “neutral” rating for the company in a research report on Wednesday, December 19th. Finally, Credit Suisse Group dropped their target price on shares of T. Rowe Price Group from $161.00 to $123.00 and set an “outperform” rating for the company in a research report on Friday, October 26th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. T. Rowe Price Group presently has a consensus 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 52 week low of $84.59 and a 52 week high of $127.43. The firm has a market cap of $22.23 billion, a price-to-earnings ratio of 12.92, a price-to-earnings-growth ratio of 1.56 and a beta of 1.02.

T. Rowe Price Group (NASDAQ:TROW) last released its quarterly earnings data on Wednesday, January 30th. The asset manager reported $1.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter last year, the business earned $1.52 EPS. T. Rowe Price Group’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, equities research analysts forecast that T. Rowe Price Group Inc will post 6.14 EPS for the current fiscal year.

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T. Rowe Price Group Profile

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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