T. Rowe Price Group, Inc. (NASDAQ:TROW) Shares Sold by Capital Management Associates Inc

Capital Management Associates Inc reduced its stake in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 4.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 4,520 shares of the asset manager’s stock after selling 208 shares during the quarter. Capital Management Associates Inc’s holdings in T. Rowe Price Group were worth $511,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Global X Japan Co. Ltd. boosted its position in shares of T. Rowe Price Group by 25.9% during the fourth quarter. Global X Japan Co. Ltd. now owns 4,644 shares of the asset manager’s stock worth $525,000 after buying an additional 955 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in T. Rowe Price Group by 2.4% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 25,565 shares of the asset manager’s stock worth $2,891,000 after acquiring an additional 591 shares during the period. Iron Horse Wealth Management LLC grew its stake in shares of T. Rowe Price Group by 47.6% in the fourth quarter. Iron Horse Wealth Management LLC now owns 341 shares of the asset manager’s stock worth $39,000 after purchasing an additional 110 shares in the last quarter. Adero Partners LLC bought a new stake in shares of T. Rowe Price Group during the fourth quarter valued at about $439,000. Finally, Meritage Portfolio Management acquired a new stake in T. Rowe Price Group in the fourth quarter worth about $2,670,000. 73.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at T. Rowe Price Group

In other news, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $14,749,822.95. This represents a 3.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.00% of the company’s stock.

T. Rowe Price Group Stock Down 1.2 %

TROW stock opened at $110.14 on Friday. The company has a 50 day moving average of $116.05 and a two-hundred day moving average of $112.63. The company has a market cap of $24.47 billion, a price-to-earnings ratio of 12.02, a PEG ratio of 1.70 and a beta of 1.44. T. Rowe Price Group, Inc. has a 12-month low of $100.49 and a 12-month high of $125.81.

T. Rowe Price Group (NASDAQ:TROW) last released its quarterly earnings data on Wednesday, February 5th. The asset manager reported $2.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.08). T. Rowe Price Group had a net margin of 29.61% and a return on equity of 20.91%. During the same period last year, the firm posted $1.72 EPS. On average, research analysts anticipate that T. Rowe Price Group, Inc. will post 9.36 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on TROW shares. Morgan Stanley upped their price target on shares of T. Rowe Price Group from $129.00 to $132.00 and gave the stock an “equal weight” rating in a research note on Friday, December 20th. StockNews.com cut T. Rowe Price Group from a “buy” rating to a “hold” rating in a research report on Sunday, February 2nd. Wells Fargo & Company cut their price objective on T. Rowe Price Group from $118.00 to $116.00 and set an “equal weight” rating for the company in a report on Thursday. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $113.00 target price (up from $111.00) on shares of T. Rowe Price Group in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of T. Rowe Price Group from $115.00 to $120.00 and gave the company a “hold” rating in a report on Monday, November 11th. Four analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $115.09.

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.