T. Rowe Price Group, Inc. (NASDAQ:TROW) Shares Sold by KBC Group NV

KBC Group NV trimmed its holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 12.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 301,606 shares of the asset manager’s stock after selling 44,351 shares during the quarter. KBC Group NV owned 0.14% of T. Rowe Price Group worth $34,109,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in TROW. Iron Horse Wealth Management LLC boosted its stake in shares of T. Rowe Price Group by 90.9% in the third quarter. Iron Horse Wealth Management LLC now owns 231 shares of the asset manager’s stock worth $25,000 after buying an additional 110 shares during the last quarter. Hexagon Capital Partners LLC boosted its position in T. Rowe Price Group by 54.7% in the 3rd quarter. Hexagon Capital Partners LLC now owns 294 shares of the asset manager’s stock worth $32,000 after purchasing an additional 104 shares in the last quarter. True Wealth Design LLC acquired a new stake in shares of T. Rowe Price Group during the 3rd quarter worth approximately $37,000. Larson Financial Group LLC increased its holdings in shares of T. Rowe Price Group by 866.7% during the 3rd quarter. Larson Financial Group LLC now owns 348 shares of the asset manager’s stock valued at $38,000 after purchasing an additional 312 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of T. Rowe Price Group in the 3rd quarter valued at $43,000. 73.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on TROW. Wells Fargo & Company dropped their price target on shares of T. Rowe Price Group from $124.00 to $118.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Evercore ISI upped their price target on T. Rowe Price Group from $112.00 to $113.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. dropped their price objective on 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. Barclays cut their price objective on T. Rowe Price Group from $115.00 to $113.00 and set an “underweight” rating for the company in a research report on Friday, January 17th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on T. Rowe Price Group from $115.00 to $120.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, T. Rowe Price Group presently has an average rating of “Hold” and an average target price of $115.82.

T. Rowe Price Group Trading Down 0.4 %

NASDAQ:TROW opened at $113.73 on Tuesday. The company has a market cap of $25.27 billion, a P/E ratio of 12.44, a P/E/G ratio of 1.68 and a beta of 1.43. T. Rowe Price Group, Inc. has a twelve month low of $100.49 and a twelve month high of $125.81. The company’s 50-day moving average price is $117.22 and its 200-day moving average price is $112.77.

T. Rowe Price Group (NASDAQ:TROW) last released its earnings results on Friday, November 1st. The asset manager reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.36 by $0.21. T. Rowe Price Group had a net margin of 30.35% and a return on equity of 20.35%. The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period last year, the company posted $2.17 EPS. The business’s revenue was up 6.9% on a year-over-year basis. On average, analysts expect that T. Rowe Price Group, Inc. will post 9.45 earnings per share for the current year.

Insiders Place Their Bets

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

T. Rowe Price Group Company 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.