T. Rowe Price Group, Inc. (NASDAQ:TROW) Shares Purchased by First Affirmative Financial Network

First Affirmative Financial Network increased its holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 8.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,244 shares of the asset manager’s stock after buying an additional 179 shares during the period. First Affirmative Financial Network’s holdings in T. Rowe Price Group were worth $254,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. McKinley Carter Wealth Services Inc. grew its holdings in T. Rowe Price Group by 1.1% during the fourth quarter. McKinley Carter Wealth Services Inc. now owns 13,945 shares of the asset manager’s stock worth $1,577,000 after acquiring an additional 153 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in T. Rowe Price Group by 113.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 101,926 shares of the asset manager’s stock valued at $11,527,000 after acquiring an additional 54,133 shares during the last quarter. Twelve Points Wealth Management LLC increased its stake in shares of T. Rowe Price Group by 25.2% in the 4th quarter. Twelve Points Wealth Management LLC now owns 6,827 shares of the asset manager’s stock worth $772,000 after acquiring an additional 1,375 shares during the last quarter. SteelPeak Wealth LLC purchased a new stake in shares of T. Rowe Price Group during the 4th quarter valued at approximately $254,000. Finally, Vantage Investment Partners LLC raised its holdings in T. Rowe Price Group by 1.5% in the 4th quarter. Vantage Investment Partners LLC now owns 114,596 shares of the asset manager’s stock valued at $12,960,000 after buying an additional 1,643 shares during the period. 73.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related 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 stock was sold at an average price of $123.35, for a total value of $499,197.45. Following the sale, the vice president now owns 119,577 shares of the company’s stock, valued at approximately $14,749,822.95. This trade represents a 3.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.00% of the company’s stock.

T. Rowe Price Group Price Performance

Shares of TROW stock opened at $115.89 on Friday. The company’s fifty day moving average price is $117.01 and its two-hundred day moving average price is $112.74. The firm has a market capitalization of $25.75 billion, a P/E ratio of 12.68, a P/E/G ratio of 1.74 and a beta of 1.43. T. Rowe Price Group, Inc. has a 12 month low of $100.49 and a 12 month high of $125.81.

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

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on TROW shares. Barclays reduced their price target on shares of T. Rowe Price Group from $115.00 to $113.00 and set an “underweight” rating on the stock in a research report on Friday, January 17th. 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 research report on Thursday, October 3rd. Wells Fargo & Company dropped their price target on T. Rowe Price Group from $124.00 to $118.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods reduced their price target on T. Rowe Price Group from $116.00 to $111.00 and set a “market perform” rating for the company in a report on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of T. Rowe Price Group from $115.00 to $120.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, T. Rowe Price Group currently has an average rating of “Hold” and an average target price of $115.82.

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.