T. Rowe Price Group Inc (TROW) : Cadence Capital Management scooped up 44,727 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 Aug 3, 2016. The investment management firm now holds a total of 178,908 shares of T. Rowe Price Group Inc which is valued at $12,362,543.T. Rowe Price Group Inc makes up approximately 0.90% of Cadence Capital Management’s portfolio.
Other Hedge Funds, Including , Bridgewater Wealth Financial Management boosted its stake in TROW in the latest quarter, The investment management firm added 983 additional shares and now holds a total of 52,845 shares of T. Rowe Price Group Inc which is valued at $3,651,590. T. Rowe Price Group Inc makes up approx 1.29% of Bridgewater Wealth Financial Management’s portfolio.Capstone Asset Management Co boosted its stake in TROW in the latest quarter, The investment management firm added 75 additional shares and now holds a total of 27,394 shares of T. Rowe Price Group Inc which is valued at $2,024,143. T. Rowe Price Group Inc makes up approx 0.06% of Capstone Asset Management Co’s portfolio.Creative Planning boosted its stake in TROW in the latest quarter, The investment management firm added 236 additional shares and now holds a total of 4,362 shares of T. Rowe Price Group Inc which is valued at $322,308.Loring Wolcott Coolidge Fiduciary Advisors Llpma reduced its stake in TROW by selling 7,700 shares or 93.9% in the most recent quarter. The Hedge Fund company now holds 500 shares of TROW which is valued at $36,945.
T. Rowe Price Group Inc closed down -0.16 points or -0.23% at $69.68 with 15,48,008 shares getting traded on Monday. Post opening the session at $70.06, the shares hit an intraday low of $69.53 and an intraday high of $70.14 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, T. Rowe Price Group Inc reported $1.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.40 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $0.75. The company had revenue of $1044.70 million for the quarter, compared to analysts expectations of $1031.13 million. The company’s revenue was down -2.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.24 EPS.
Many Wall Street Analysts have commented on T. Rowe Price Group Inc. Shares were Downgraded by Deutsche Bank on Jul 20, 2016 to ” Hold” and Lowered the Price Target to $ 75 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.