T. Rowe Price Group, Inc. (NASDAQ:TROW) Shares Sold by Brown Lisle Cummings Inc.

Brown Lisle Cummings Inc. reduced its position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 11.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,015 shares of the asset manager’s stock after selling 4,330 shares during the period. T. Rowe Price Group comprises about 1.1% of Brown Lisle Cummings Inc.’s holdings, making the stock its 21st largest holding. Brown Lisle Cummings Inc.’s holdings in T. Rowe Price Group were worth $3,621,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Nilsine Partners LLC lifted its holdings in T. Rowe Price Group by 75.5% during the 4th quarter. Nilsine Partners LLC now owns 5,509 shares of the asset manager’s stock worth $623,000 after buying an additional 2,370 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of T. Rowe Price Group by 2.8% in the third 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 boosted its holdings in T. Rowe Price Group by 3.8% in the third quarter. Janus Henderson Group PLC now owns 29,989 shares of the asset manager’s stock valued at $3,267,000 after purchasing an additional 1,100 shares during the period. Aigen Investment Management LP acquired a new position in T. Rowe Price Group during the 3rd quarter worth $516,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in T. Rowe Price Group by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,840,807 shares of the asset manager’s stock worth $745,169,000 after purchasing an additional 231,286 shares during the period. 73.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of the 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 directly owns 119,577 shares of the company’s stock, valued at $14,749,822.95. This trade represents 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 available through this link. Corporate insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

TROW has been the subject of several recent research reports. Wells Fargo & Company decreased their price objective on T. Rowe Price Group from $124.00 to $118.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of T. Rowe Price Group from $115.00 to $120.00 and gave the stock a “hold” rating in a report on Monday, November 11th. StockNews.com lowered shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a report on Sunday. Morgan Stanley increased their target price on T. Rowe Price Group from $129.00 to $132.00 and gave the company an “equal weight” rating in a report on Friday, December 20th. Finally, Barclays cut their price target on T. Rowe Price Group from $115.00 to $113.00 and set an “underweight” rating on the stock in a research note on Friday, January 17th. Four analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $115.82.

T. Rowe Price Group Stock Down 1.4 %

NASDAQ:TROW opened at $115.27 on Tuesday. T. Rowe Price Group, Inc. has a 52-week low of $100.49 and a 52-week high of $125.81. The stock’s 50 day moving average price is $116.90 and its 200 day moving average price is $112.65. The company has a market capitalization of $25.61 billion, a PE ratio of 12.61, a P/E/G ratio of 1.78 and a beta of 1.44.

T. Rowe Price Group (NASDAQ:TROW) last announced its earnings results on Friday, November 1st. The asset manager reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.21. The business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.84 billion. T. Rowe Price Group had a net margin of 30.35% and a return on equity of 20.35%. The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the company posted $2.17 EPS. As a group, sell-side analysts anticipate that T. Rowe Price Group, Inc. will post 9.42 EPS for the current fiscal year.

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.