T. Rowe Price Group Inc (NASDAQ:TROW) Shares Bought by Liberty Wealth Management LLC

Liberty Wealth Management LLC boosted its holdings in shares of T. Rowe Price Group Inc (NASDAQ:TROW) by 226.7% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 526 shares of the asset manager’s stock after buying an additional 365 shares during the quarter. Liberty Wealth Management LLC’s holdings in T. Rowe Price Group were worth $58,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in TROW. Pennsylvania Trust Co increased its position in T. Rowe Price Group by 740.5% during the 1st quarter. Pennsylvania Trust Co now owns 483,407 shares of the asset manager’s stock valued at $49,629,000 after buying an additional 425,896 shares in the last quarter. Ellis Investment Partners LLC purchased a new stake in T. Rowe Price Group during the 1st quarter valued at about $178,000. Adams Diversified Equity Fund Inc. purchased a new stake in T. Rowe Price Group during the 2nd quarter valued at about $18,365,000. AJO LP purchased a new stake in T. Rowe Price Group during the 1st quarter valued at about $16,756,000. Finally, Strycker View Capital LLC purchased a new stake in T. Rowe Price Group during the 2nd quarter valued at about $10,971,000. 69.60% of the stock is currently owned by institutional investors.

In other news, VP Sebastien Page sold 4,418 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $107.05, for a total value of $472,946.90. Following the sale, the vice president now owns 51,302 shares in the company, valued at $5,491,879.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mary K. Bush sold 3,500 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $107.06, for a total value of $374,710.00. Following the completion of the sale, the director now owns 19,243 shares in the company, valued at approximately $2,060,155.58. The disclosure for this sale can be found here. Insiders sold 64,209 shares of company stock worth $7,302,649 in the last 90 days. Company insiders own 3.10% of the company’s stock.

T. Rowe Price Group stock traded down $1.60 during trading hours on Friday, hitting $108.65. 995,818 shares of the stock traded hands, compared to its average volume of 1,234,314. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.91 and a quick ratio of 3.91. The firm’s 50 day moving average price is $110.00. The firm has a market capitalization of $25.97 billion, a PE ratio of 15.20, a price-to-earnings-growth ratio of 1.66 and a beta of 1.05. T. Rowe Price Group Inc has a 1 year low of $84.59 and a 1 year high of $118.03.

T. Rowe Price Group (NASDAQ:TROW) last posted its quarterly earnings results on Wednesday, July 24th. The asset manager reported $2.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.88 by $0.15. T. Rowe Price Group had a return on equity of 28.80% and a net margin of 36.17%. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the previous year, the business earned $1.87 EPS. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. Sell-side analysts expect that T. Rowe Price Group Inc will post 7.79 earnings per share for the current year.

Several analysts have weighed in on TROW shares. Barclays boosted their price target on T. Rowe Price Group from $90.00 to $95.00 and gave the company an “underweight” rating in a research note on Thursday, April 25th. BidaskClub upgraded T. Rowe Price Group from a “sell” rating to a “hold” rating in a research note on Wednesday, July 24th. UBS Group boosted their price target on T. Rowe Price Group from $109.00 to $111.00 and gave the company a “neutral” rating in a research note on Monday, July 8th. Morgan Stanley boosted their price target on T. Rowe Price Group from $117.00 to $122.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Finally, Citigroup boosted their price target on T. Rowe Price Group from $113.00 to $115.00 and gave the company a “neutral” rating in a research note on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $109.75.

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.

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Institutional Ownership by Quarter for T. Rowe Price Group (NASDAQ:TROW)

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