Hunter Associates Investment Management LLC Purchases 3,027 Shares of T. Rowe Price Group, Inc. (NASDAQ:TROW)

Hunter Associates Investment Management LLC raised its position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 2.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,498 shares of the asset manager’s stock after acquiring an additional 3,027 shares during the period. T. Rowe Price Group makes up approximately 1.9% of Hunter Associates Investment Management LLC’s holdings, making the stock its 12th biggest holding. Hunter Associates Investment Management LLC’s holdings in T. Rowe Price Group were worth $12,377,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Mediolanum International Funds Ltd bought a new position in T. Rowe Price Group during the fourth quarter valued at $1,688,000. Capital Investment Advisory Services LLC increased its stake in T. Rowe Price Group by 3.0% during the fourth quarter. Capital Investment Advisory Services LLC now owns 5,228 shares of the asset manager’s stock worth $591,000 after acquiring an additional 150 shares during the last quarter. OLD National Bancorp IN raised its position in T. Rowe Price Group by 0.4% during the fourth quarter. OLD National Bancorp IN now owns 65,397 shares of the asset manager’s stock valued at $7,396,000 after purchasing an additional 286 shares during the period. First Affirmative Financial Network lifted its stake in shares of T. Rowe Price Group by 8.7% in the 4th quarter. First Affirmative Financial Network now owns 2,244 shares of the asset manager’s stock valued at $254,000 after purchasing an additional 179 shares during the last quarter. Finally, McKinley Carter Wealth Services Inc. boosted its holdings in shares of T. Rowe Price Group by 1.1% in the 4th quarter. McKinley Carter Wealth Services Inc. now owns 13,945 shares of the asset manager’s stock worth $1,577,000 after purchasing an additional 153 shares during the period. 73.39% of the stock is currently owned by institutional investors.

Insider Activity

In related news, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of the business’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 directly owns 119,577 shares in the company, valued at approximately $14,749,822.95. The trade was a 3.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

TROW has been the subject of a number of analyst reports. Evercore ISI raised their price target on T. Rowe Price Group from $112.00 to $113.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. TD Cowen decreased their target price on T. Rowe Price Group from $120.00 to $116.00 and set a “hold” rating for the company in a research report on Monday, November 4th. StockNews.com raised shares of T. Rowe Price Group from a “hold” rating to a “buy” rating in a research note on Saturday, January 25th. Keefe, Bruyette & Woods dropped their price objective on T. Rowe Price Group from $116.00 to $111.00 and set a “market perform” rating on the stock in a research note on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on 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 equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, T. Rowe Price Group currently has a consensus rating of “Hold” and a consensus target price of $115.82.

T. Rowe Price Group Stock Up 1.4 %

Shares of T. Rowe Price Group stock opened at $115.89 on Friday. The firm has a market cap of $25.75 billion, a PE ratio of 12.68, a P/E/G ratio of 1.74 and a beta of 1.43. The business has a 50-day moving average price of $117.01 and a 200 day moving average price of $112.74. T. Rowe Price Group, Inc. has a twelve month low of $100.49 and a twelve month high of $125.81.

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