T. Rowe Price Group, Inc. (NASDAQ:TROW) Shares Purchased by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. boosted its holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 10.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,811 shares of the asset manager’s stock after buying an additional 1,043 shares during the quarter. Confluence Wealth Services Inc.’s holdings in T. Rowe Price Group were worth $1,226,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. grew its position in T. Rowe Price Group by 20.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 189,446 shares of the asset manager’s stock worth $21,912,000 after buying an additional 32,378 shares during the last quarter. Y.D. More Investments Ltd grew its position in T. Rowe Price Group by 124.0% during the 4th quarter. Y.D. More Investments Ltd now owns 280 shares of the asset manager’s stock worth $32,000 after purchasing an additional 155 shares in the last quarter. ARGA Investment Management LP grew its position in T. Rowe Price Group by 7.8% during the 4th quarter. ARGA Investment Management LP now owns 12,212 shares of the asset manager’s stock worth $1,381,000 after purchasing an additional 881 shares in the last quarter. Greenwood Capital Associates LLC grew its position in T. Rowe Price Group by 0.9% during the 4th quarter. Greenwood Capital Associates LLC now owns 12,875 shares of the asset manager’s stock worth $1,456,000 after purchasing an additional 113 shares in the last quarter. Finally, E. Ohman J or Asset Management AB grew its position in T. Rowe Price Group by 16.0% during the 4th quarter. E. Ohman J or Asset Management AB now owns 11,103 shares of the asset manager’s stock worth $1,256,000 after purchasing an additional 1,530 shares in the last quarter. Institutional investors and hedge funds own 73.39% of the company’s stock.

Insiders Place Their Bets

In other news, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $123.35, for a total transaction of $499,197.45. Following the transaction, the vice president now owns 119,577 shares in the company, valued at approximately $14,749,822.95. The trade was a 3.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 2.00% of the company’s stock.

T. Rowe Price Group Trading Up 0.2 %

TROW stock opened at $115.55 on Wednesday. T. Rowe Price Group, Inc. has a 1 year low of $100.49 and a 1 year high of $125.81. The company has a fifty day simple moving average of $116.58 and a 200 day simple moving average of $112.65. The firm has a market cap of $25.67 billion, a PE ratio of 12.64, a PEG ratio of 1.78 and a beta of 1.44.

T. Rowe Price Group (NASDAQ:TROW) last released its earnings results on Wednesday, February 5th. The asset manager reported $2.12 earnings per share for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.08). T. Rowe Price Group had a return on equity of 20.35% and a net margin of 30.35%. As a group, analysts forecast that T. Rowe Price Group, Inc. will post 9.42 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on TROW shares. Wells Fargo & Company lowered their price objective on shares of 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. Morgan Stanley lifted their price objective on shares of T. Rowe Price Group from $129.00 to $132.00 and gave the stock an “equal weight” rating in a research report on Friday, December 20th. Evercore ISI lifted their price objective on shares of 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. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of T. Rowe Price Group from $115.00 to $120.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. decreased their target price on shares of T. Rowe Price Group from $116.00 to $115.00 and set an “underweight” rating for the company in a research note on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $115.82.

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.