E. Ohman J or Asset Management AB Purchases 1,530 Shares of T. Rowe Price Group, Inc. (NASDAQ:TROW)

E. Ohman J or Asset Management AB lifted its position in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 16.0% during the 4th quarter, Holdings Channel reports. The firm owned 11,103 shares of the asset manager’s stock after buying an additional 1,530 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in T. Rowe Price Group were worth $1,256,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Verity Asset Management Inc. grew its holdings in T. Rowe Price Group by 9.3% during the 4th quarter. Verity Asset Management Inc. now owns 11,329 shares of the asset manager’s stock worth $1,281,000 after acquiring an additional 962 shares during the last quarter. Willis Investment Counsel grew its holdings in T. Rowe Price Group by 0.3% during the 4th quarter. Willis Investment Counsel now owns 221,426 shares of the asset manager’s stock worth $25,041,000 after acquiring an additional 572 shares during the last quarter. CENTRAL TRUST Co grew its holdings in T. Rowe Price Group by 10.3% during the 4th quarter. CENTRAL TRUST Co now owns 3,078 shares of the asset manager’s stock worth $348,000 after acquiring an additional 288 shares during the last quarter. Symphony Financial Ltd. Co. grew its holdings in T. Rowe Price Group by 64.9% during the 4th quarter. Symphony Financial Ltd. Co. now owns 17,137 shares of the asset manager’s stock worth $1,935,000 after acquiring an additional 6,742 shares during the last quarter. Finally, Blossom Wealth Management grew its holdings in T. Rowe Price Group by 5.1% during the 4th quarter. Blossom Wealth Management now owns 2,641 shares of the asset manager’s stock worth $299,000 after acquiring an additional 128 shares during the last quarter. Institutional investors own 73.39% of the company’s stock.

T. Rowe Price Group Price Performance

Shares of NASDAQ:TROW opened at $110.70 on Thursday. The company has a market capitalization of $24.59 billion, a price-to-earnings ratio of 12.11, a P/E/G ratio of 1.78 and a beta of 1.44. The firm’s 50 day simple moving average is $116.58 and its 200 day simple moving average is $112.65. T. Rowe Price Group, Inc. has a fifty-two week low of $100.49 and a fifty-two week high of $125.81.

T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly 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 net margin of 30.35% and a return on equity of 20.35%. During the same quarter last year, the company earned $1.72 earnings per share. Equities research analysts expect that T. Rowe Price Group, Inc. will post 9.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of 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. Evercore ISI increased their price objective on shares of 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. Barclays reduced their target price on shares of 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. Deutsche Bank Aktiengesellschaft raised their target price on shares of T. Rowe Price Group from $115.00 to $120.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Finally, Wells Fargo & Company reduced their target price 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 note on Tuesday, January 14th. Four research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $115.82.

Insiders Place Their Bets

In other T. Rowe Price Group 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 shares were sold at an average price of $123.35, for a total transaction of $499,197.45. Following the sale, the vice president now directly owns 119,577 shares in the company, valued at approximately $14,749,822.95. This trade represents a 3.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.00% of the company’s stock.

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.