Sequoia Financial Advisors LLC Sells 111 Shares of T. Rowe Price Group Inc (NASDAQ:TROW)

Sequoia Financial Advisors LLC lowered its position in T. Rowe Price Group Inc (NASDAQ:TROW) by 4.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,252 shares of the asset manager’s stock after selling 111 shares during the period. Sequoia Financial Advisors LLC’s holdings in T. Rowe Price Group were worth $247,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Northwest Investment Counselors LLC raised its holdings in T. Rowe Price Group by 0.7% in the 1st quarter. Northwest Investment Counselors LLC now owns 13,426 shares of the asset manager’s stock valued at $1,344,000 after acquiring an additional 96 shares during the period. Unison Advisors LLC raised its holdings in T. Rowe Price Group by 0.7% in the 2nd quarter. Unison Advisors LLC now owns 13,584 shares of the asset manager’s stock valued at $1,490,000 after acquiring an additional 100 shares during the period. Kistler Tiffany Companies LLC raised its holdings in T. Rowe Price Group by 66.7% in the 2nd quarter. Kistler Tiffany Companies LLC now owns 250 shares of the asset manager’s stock valued at $27,000 after acquiring an additional 100 shares during the period. Duncker Streett & Co. Inc. raised its holdings in T. Rowe Price Group by 3.1% in the 2nd quarter. Duncker Streett & Co. Inc. now owns 3,279 shares of the asset manager’s stock valued at $360,000 after acquiring an additional 100 shares during the period. Finally, Mid Atlantic Financial Management Inc. ADV grew its position in shares of T. Rowe Price Group by 1.4% during the 1st quarter. Mid Atlantic Financial Management Inc. ADV now owns 7,352 shares of the asset manager’s stock worth $736,000 after purchasing an additional 103 shares in the last quarter. Institutional investors own 69.51% of the company’s stock.

In related news, VP Christopher D. Alderson sold 36,898 shares of T. Rowe Price Group stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $114.41, for a total transaction of $4,221,500.18. Following the completion of the transaction, the vice president now owns 414,144 shares of the company’s stock, valued at $47,382,215.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Sebastien Page sold 4,418 shares of T. Rowe Price Group stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $107.05, for a total transaction of $472,946.90. Following the transaction, the vice president now directly owns 51,302 shares of the company’s stock, valued at approximately $5,491,879.10. The disclosure for this sale can be found here. Insiders have sold 64,209 shares of company stock valued at $7,302,649 in the last ninety days. Insiders own 3.10% of the company’s stock.

A number of research analysts have issued reports on TROW shares. BidaskClub upgraded shares of T. Rowe Price Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. Deutsche Bank decreased their target price on shares of T. Rowe Price Group from $115.00 to $112.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. Citigroup increased their target price on shares of T. Rowe Price Group from $113.00 to $115.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 9th. UBS Group increased their target price on shares of T. Rowe Price Group from $109.00 to $111.00 and gave the stock a “neutral” rating in a research report on Monday, July 8th. Finally, Barclays increased their target price on shares of T. Rowe Price Group from $90.00 to $95.00 and gave the stock an “underweight” rating in a research report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. T. Rowe Price Group has an average rating of “Hold” and a consensus target price of $109.75.

T. Rowe Price Group stock traded down $1.54 during mid-day trading on Wednesday, reaching $107.02. The company had a trading volume of 9,897 shares, compared to its average volume of 1,244,797. T. Rowe Price Group Inc has a fifty-two week low of $84.59 and a fifty-two week high of $117.78. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.91 and a current ratio of 3.91. The firm has a market cap of $25.28 billion, a P/E ratio of 14.96, a P/E/G ratio of 1.64 and a beta of 1.05. The company has a fifty day moving average of $110.01.

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

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.

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

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