National Pension Service Has $43.45 Million Stake in T. Rowe Price Group, Inc. $TROW

National Pension Service grew its stake in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 5.1% in the third quarter, HoldingsChannel.com reports. The firm owned 423,327 shares of the asset manager’s stock after purchasing an additional 20,409 shares during the period. National Pension Service’s holdings in T. Rowe Price Group were worth $43,450,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TROW. Woodline Partners LP grew its holdings in T. Rowe Price Group by 41.0% during the first quarter. Woodline Partners LP now owns 18,809 shares of the asset manager’s stock worth $1,728,000 after buying an additional 5,467 shares in the last quarter. Focus Partners Wealth lifted its stake in T. Rowe Price Group by 10.6% during the 1st quarter. Focus Partners Wealth now owns 13,054 shares of the asset manager’s stock valued at $1,199,000 after acquiring an additional 1,250 shares in the last quarter. PFG Investments LLC purchased a new position in T. Rowe Price Group during the 2nd quarter worth $207,000. QRG Capital Management Inc. grew its stake in shares of T. Rowe Price Group by 136.3% in the 2nd quarter. QRG Capital Management Inc. now owns 33,517 shares of the asset manager’s stock worth $3,234,000 after acquiring an additional 19,331 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC raised its holdings in shares of T. Rowe Price Group by 126.2% in the second quarter. Wealthcare Advisory Partners LLC now owns 9,663 shares of the asset manager’s stock valued at $932,000 after purchasing an additional 5,391 shares during the last quarter. Institutional investors own 73.39% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on TROW shares. The Goldman Sachs Group cut their price target on shares of T. Rowe Price Group from $97.00 to $95.00 and set a “sell” rating on the stock in a report on Wednesday, January 14th. Weiss Ratings restated a “hold (c+)” rating on shares of T. Rowe Price Group in a research note on Monday, December 29th. JPMorgan Chase & Co. reduced their target price on T. Rowe Price Group from $111.00 to $108.00 and set an “underweight” rating for the company in a report on Tuesday, January 20th. Keefe, Bruyette & Woods dropped their price target on T. Rowe Price Group from $117.00 to $115.00 and set a “market perform” rating on the stock in a report on Tuesday, December 16th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on T. Rowe Price Group from $113.00 to $106.00 and set a “hold” rating on the stock in a research report on Wednesday, December 17th. Eleven investment analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $107.31.

T. Rowe Price Group Stock Up 0.9%

NASDAQ TROW opened at $106.65 on Tuesday. The company has a market cap of $23.27 billion, a PE ratio of 11.62, a price-to-earnings-growth ratio of 2.56 and a beta of 1.52. T. Rowe Price Group, Inc. has a 52 week low of $77.85 and a 52 week high of $118.22. The firm’s 50-day simple moving average is $104.80 and its two-hundred day simple moving average is $104.69.

T. Rowe Price Group (NASDAQ:TROW) last posted its quarterly earnings results on Friday, October 31st. The asset manager reported $2.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.26. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. T. Rowe Price Group had a net margin of 28.89% and a return on equity of 19.95%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.57 earnings per share. As a group, equities research analysts anticipate that T. Rowe Price Group, Inc. will post 9.29 EPS for the current year.

Insiders Place Their Bets

In other T. Rowe Price Group news, VP Arif Husain sold 4,260 shares of the business’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $101.96, for a total transaction of $434,349.60. Following the sale, the vice president owned 47,102 shares of the company’s stock, valued at $4,802,519.92. The trade was a 8.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 2.00% of the company’s stock.

T. Rowe Price Group Profile

T. Rowe Price Group, Inc is a global investment management firm headquartered in Baltimore, Maryland, founded by Thomas Rowe Price Jr. in 1937. The company provides a broad range of investment products and services for individual investors, financial intermediaries, retirement plan sponsors and institutional clients. Its offerings are built around active investment management and in-house research across equity, fixed income and multi-asset strategies, reflecting a long history as a research-driven asset manager.

The firm’s product lineup includes mutual funds, separate accounts, collective investment trusts, target-date and target-risk funds, and managed account solutions, as well as services for defined contribution and defined benefit retirement plans.