Cardinal Capital Management buys $3,417,942 stake in T. Rowe Price Group Inc (TROW)

T. Rowe Price Group Inc (TROW) : Cardinal Capital Management scooped up 5,986 additional shares in T. Rowe Price Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 44,057 shares of T. Rowe Price Group Inc which is valued at $3,417,942.T. Rowe Price Group Inc makes up approximately 1.41% of Cardinal Capital Management’s portfolio.

T. Rowe Price Group Inc closed down -0.06 points or -0.08% at $77.46 with 19,52,611 shares getting traded on Wednesday. Post opening the session at $77.19, the shares hit an intraday low of $76.88 and an intraday high of $77.98 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Bridges Investment Management Inc reduced its stake in TROW by selling 2,168 shares or 5.88% in the most recent quarter. The Hedge Fund company now holds 34,720 shares of TROW which is valued at $2,693,578. T. Rowe Price Group Inc makes up approx 0.47% of Bridges Investment Management Inc’s portfolio.Next Financial Group Inc boosted its stake in TROW in the latest quarter, The investment management firm added 1,710 additional shares and now holds a total of 1,859 shares of T. Rowe Price Group Inc which is valued at $144,221. T. Rowe Price Group Inc makes up approx 0.05% of Next Financial Group Inc’s portfolio.

On the company’s financial health, T. Rowe Price Group Inc reported $1.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $1.03. The company had revenue of $994.10 million for the quarter, compared to analysts expectations of $1000.85 million. The company’s revenue was down -3.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.13 EPS.

Many Wall Street Analysts have commented on T. Rowe Price Group Inc. Company shares were Reiterated by RBC Capital Mkts on Apr 27, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 78 from a previous price target of $74 .Company shares were Reiterated by UBS on Apr 27, 2016 to “Neutral”, Firm has raised the Price Target to $ 79 from a previous price target of $73 .T. Rowe Price Group Inc was Downgraded by BofA/Merrill to ” Neutral” on Mar 15, 2016.

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.

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