T. Rowe Price Group Inc (TROW) : Btim Corp. reduced its stake in T. Rowe Price Group Inc by 0.81% during the most recent quarter end. The investment management company now holds a total of 962,500 shares of T. Rowe Price Group Inc which is valued at $74,670,750 after selling 7,885 shares in T. Rowe Price Group Inc , the firm said in a disclosure report filed with the SEC on Apr 19, 2016.T. Rowe Price Group Inc makes up approximately 1.28% of Btim Corp.’s portfolio.
T. Rowe Price Group Inc closed down -0.05 points or -0.06% at $77.58 with 15,24,951 shares getting traded on Friday. Post opening the session at $77.57, the shares hit an intraday low of $77.08 and an intraday high of $78.03 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Other Hedge Funds, Including , Capital City Trust Cofl boosted its stake in TROW in the latest quarter, The investment management firm added 5,453 additional shares and now holds a total of 27,620 shares of T. Rowe Price Group Inc which is valued at $2,113,759. T. Rowe Price Group Inc makes up approx 0.85% of Capital City Trust Cofl’s portfolio.Bkd Wealth Advisors reduced its stake in TROW by selling 923 shares or 3.86% in the most recent quarter. The Hedge Fund company now holds 23,009 shares of TROW which is valued at $1,760,879. T. Rowe Price Group Inc makes up approx 0.28% of Bkd Wealth Advisors’s portfolio.Capstone Asset Management Co boosted its stake in TROW in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 27,319 shares of T. Rowe Price Group Inc which is valued at $2,090,723. T. Rowe Price Group Inc makes up approx 0.06% of Capstone Asset Management Co’s portfolio.Creative Planning reduced its stake in TROW by selling 299 shares or 6.76% in the most recent quarter. The Hedge Fund company now holds 4,126 shares of TROW which is valued at $297,856.
On the company’s financial health, T. Rowe Price Group Inc reported $1.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jan 28, 2016. Analyst had a consensus of $1.11. The company had revenue of $1052.20 million for the quarter, compared to analysts expectations of $1027.69 million. The company’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.18 EPS.
Many Wall Street Analysts have commented on T. Rowe Price Group Inc. T. Rowe Price Group Inc was Downgraded by BofA/Merrill to ” Neutral” on Mar 15, 2016. Shares were Reiterated by Barclays on Feb 9, 2016 to “Equal Weight” and Lowered the Price Target to $ 65 from a previous price target of $67 .Shares were Reiterated by RBC Capital Mkts on Feb 1, 2016 to “Sector Perform” and Lowered the Price Target to $ 74 from a previous price target of $79 .
T. Rowe Price Group Inc. is a financial services holding company. The Company provides global investment management services to individual and institutional investors in the sponsored T. Rowe Price mutual funds distributed in the United States and other investment portfolios. Its assets under management are accumulated from a client base across four primary distribution channels: third-party financial intermediaries that distribute its managed investment portfolios in the United States and other countries; individual United States investors on a direct basis; the United States defined contribution retirement plans and institutional investors globally. The assets that it manages include a range of the United States and international stock blended asset bond and money market mutual funds and other investment portfolios. It offers advisory services and a distribution management service. It provides administrative services as ancillary services to its investment advisory clients.