Hunter Associates Investment Management Lowers stake in T. Rowe Price Group Inc (TROW)

T. Rowe Price Group Inc (TROW) : Hunter Associates Investment Management reduced its stake in T. Rowe Price Group Inc by 5.13% during the most recent quarter end. The investment management company now holds a total of 101,339 shares of T. Rowe Price Group Inc which is valued at $7.5 Million after selling 5,475 shares in T. Rowe Price Group Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.T. Rowe Price Group Inc makes up approximately 3.45% of Hunter Associates Investment Management’s portfolio.

Other Hedge Funds, Including , Kayne Anderson Rudnick Investment Management boosted its stake in TROW in the latest quarter, The investment management firm added 1,563 additional shares and now holds a total of 15,403 shares of T. Rowe Price Group Inc which is valued at $1.1 Million. T. Rowe Price Group Inc makes up approx 0.02% of Kayne Anderson Rudnick Investment Management’s portfolio.Shell Asset Management Co reduced its stake in TROW by selling 1,873 shares or 6.23% in the most recent quarter. The Hedge Fund company now holds 28,209 shares of TROW which is valued at $2.1 Million. T. Rowe Price Group Inc makes up approx 0.05% of Shell Asset Management Co’s portfolio.Sumitomo Mitsui Asset Management Company Ltd boosted its stake in TROW in the latest quarter, The investment management firm added 103 additional shares and now holds a total of 19,036 shares of T. Rowe Price Group Inc which is valued at $1.4 Million. T. Rowe Price Group Inc makes up approx 0.04% of Sumitomo Mitsui Asset Management Company Ltd’s portfolio.Sva Plumb Wealth Management boosted its stake in TROW in the latest quarter, The investment management firm added 6,688 additional shares and now holds a total of 28,881 shares of T. Rowe Price Group Inc which is valued at $2.1 Million. T. Rowe Price Group Inc makes up approx 0.36% of Sva Plumb Wealth Management’s portfolio.Congress Asset Management Co boosted its stake in TROW in the latest quarter, The investment management firm added 3,394 additional shares and now holds a total of 91,696 shares of T. Rowe Price Group Inc which is valued at $6.8 Million. T. Rowe Price Group Inc makes up approx 0.17% of Congress Asset Management Co’s portfolio.

T. Rowe Price Group Inc opened for trading at $76.73 and hit $77.63 on the upside on Wednesday, eventually ending the session at $77.36, with a gain of 1.03% or 0.79 points. The heightened volatility saw the trading volume jump to 10,89,457 shares. Company has a market cap of $19,201 M.

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.

Investors should note that on Apr 27, 2016, T. Rowe Price Group Inc announced a cash dividend of $0.5400. The company’s management has announced Jun 13, 2016 as the ex-dividend date and fixed the record date on Jun 15, 2016. The payable date has been fixed on Jun 29, 2016.

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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