Capital Investment Advisory Services LLC Has $591,000 Holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Capital Investment Advisory Services LLC grew its stake in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,228 shares of the asset manager’s stock after acquiring an additional 150 shares during the period. Capital Investment Advisory Services LLC’s holdings in T. Rowe Price Group were worth $591,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its position in T. Rowe Price Group by 2.8% during the third quarter. Principal Financial Group Inc. now owns 275,978 shares of the asset manager’s stock worth $30,062,000 after acquiring an additional 7,503 shares during the last quarter. Janus Henderson Group PLC lifted its position in T. Rowe Price Group by 3.8% during the third quarter. Janus Henderson Group PLC now owns 29,989 shares of the asset manager’s stock worth $3,267,000 after acquiring an additional 1,100 shares during the last quarter. Nilsine Partners LLC lifted its position in T. Rowe Price Group by 75.5% during the fourth quarter. Nilsine Partners LLC now owns 5,509 shares of the asset manager’s stock worth $623,000 after acquiring an additional 2,370 shares during the last quarter. Aigen Investment Management LP acquired a new stake in T. Rowe Price Group during the third quarter worth approximately $516,000. Finally, Charles Schwab Investment Management Inc. lifted its position in T. Rowe Price Group by 3.5% during the third 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. 73.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. StockNews.com raised shares of T. Rowe Price Group from a “hold” rating to a “buy” rating in a report on Saturday, January 25th. Evercore ISI raised their target price 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. The Goldman Sachs Group lowered their target price on shares of T. Rowe Price Group from $106.00 to $102.00 and set a “sell” rating on the stock in a report on Thursday, October 3rd. TD Cowen lowered their target price on shares of T. Rowe Price Group from $120.00 to $116.00 and set a “hold” rating on the stock in a report on Monday, November 4th. Finally, 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. 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. According to MarketBeat, T. Rowe Price Group has a consensus rating of “Hold” and a consensus target price of $115.82.

T. Rowe Price Group Price Performance

Shares of NASDAQ:TROW opened at $115.89 on Friday. The company’s 50 day simple moving average is $117.01 and its 200 day simple moving average is $112.74. The stock has a market capitalization of $25.75 billion, a price-to-earnings ratio of 12.68, a price-to-earnings-growth ratio of 1.74 and a beta of 1.43. T. Rowe Price Group, Inc. has a 1 year low of $100.49 and a 1 year high of $125.81.

T. Rowe Price Group (NASDAQ:TROW) last issued its earnings results on Friday, November 1st. The asset manager reported $2.57 earnings per share for the quarter, beating 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 firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the business posted $2.17 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. As a group, analysts anticipate that T. Rowe Price Group, Inc. will post 9.42 EPS for the current fiscal year.

Insider Buying and Selling at T. Rowe Price Group

In related news, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $123.35, for a total value of $499,197.45. Following the transaction, the vice president now owns 119,577 shares in the company, valued at $14,749,822.95. The trade was a 3.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.00% of the company’s stock.

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.