T. Rowe Price Group Inc (TROW) : Pensionfund Dsm Netherlands reduced its stake in T. Rowe Price Group Inc by 28.46% during the most recent quarter end. The investment management company now holds a total of 46,500 shares of T. Rowe Price Group Inc which is valued at $3.4 Million after selling 18,500 shares in T. Rowe Price Group Inc according to a report filed by the company on Apr 4, 2016 with the SEC.T. Rowe Price Group Inc makes up approximately 0.46% of Pensionfund Dsm Netherlands’s portfolio.
Other Hedge Funds, Including , Pensionfund Sabic reduced its stake in TROW by selling 7,900 shares or 26.33% in the most recent quarter. The Hedge Fund company now holds 22,100 shares of TROW which is valued at $1.6 Million. T. Rowe Price Group Inc makes up approx 0.49% of Pensionfund Sabic’s portfolio. Beacon Financial Group added TROW to its portfolio by purchasing 5,718 company shares during the most recent quarter which is valued at $422,846. T. Rowe Price Group Inc makes up approx 0.09% of Beacon Financial Group’s portfolio.
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 opened for trading at $72.43 and hit $73.47 on the upside on Monday, eventually ending the session at $72.19, with a gain of 0.54% or 0.39 points. The heightened volatility saw the trading volume jump to 11,75,633 shares. Company has a market cap of $17,916 M.
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.