Martin Capital Partners LLC Sells 23,711 Shares of T. Rowe Price Group, Inc. (NASDAQ:TROW)

Martin Capital Partners LLC lowered its holdings in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 58.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 16,694 shares of the asset manager’s stock after selling 23,711 shares during the period. T. Rowe Price Group accounts for approximately 2.2% of Martin Capital Partners LLC’s holdings, making the stock its 21st largest position. Martin Capital Partners LLC’s holdings in T. Rowe Price Group were worth $1,888,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of TROW. Charles Schwab Investment Management Inc. increased its holdings in shares of 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 acquiring an additional 231,286 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of T. Rowe Price Group by 0.5% in the third quarter. Geode Capital Management LLC now owns 5,515,198 shares of the asset manager’s stock valued at $598,801,000 after purchasing an additional 25,481 shares during the last quarter. Provident Trust Co. lifted its stake in shares of T. Rowe Price Group by 0.3% during the 3rd quarter. Provident Trust Co. now owns 2,397,728 shares of the asset manager’s stock worth $261,185,000 after buying an additional 7,905 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of T. Rowe Price Group by 2.6% during the 3rd quarter. Fisher Asset Management LLC now owns 1,861,454 shares of the asset manager’s stock worth $202,768,000 after buying an additional 47,998 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in T. Rowe Price Group by 4.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,375,306 shares of the asset manager’s stock valued at $149,812,000 after acquiring an additional 53,997 shares during the period. Institutional investors and hedge funds own 73.39% of the company’s stock.

T. Rowe Price Group Stock Up 0.2 %

NASDAQ TROW opened at $115.55 on Wednesday. T. Rowe Price Group, Inc. has a twelve month low of $100.49 and a twelve month high of $125.81. The business’s fifty day moving average is $116.58 and its 200 day moving average is $112.65. The company has a market cap of $25.67 billion, a price-to-earnings ratio of 12.64, a price-to-earnings-growth ratio of 1.78 and a beta of 1.44.

T. Rowe Price Group (NASDAQ:TROW) last posted its earnings results on Wednesday, February 5th. The asset manager reported $2.12 earnings per share for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.08). T. Rowe Price Group had a return on equity of 20.35% and a net margin of 30.35%. On average, research analysts anticipate that T. Rowe Price Group, Inc. will post 9.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of the firm’s stock in a transaction that occurred 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 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on TROW shares. Evercore ISI upped their target price on 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 target price on T. Rowe Price Group from $116.00 to $115.00 and set an “underweight” rating for the company in a report on Monday, November 4th. StockNews.com lowered shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a research report on Sunday. Deutsche Bank Aktiengesellschaft raised their target price 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. Finally, Keefe, Bruyette & Woods reduced their price target on T. Rowe Price Group from $116.00 to $111.00 and set a “market perform” rating on the stock in a research report on Monday, January 13th. Four research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to MarketBeat, T. Rowe Price Group has an average rating of “Hold” and an average target price of $115.82.

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.