Large Outflow of Money Witnessed in T. Rowe Price Group

T. Rowe Price Group (NASDAQ:TROW) traded higher in the last at $72.38, gaining 0.09 points or 0.12%. From the data available, it can be said that the stock did not make an impact in the money flow department with the net figure coming to be $(-2.75) million. The composite uptick value of $4.5 million was eclipsed by the accrued downtick value of $7.25 million, thereby ensuring the up/down ratio of 0.62. For the week, the shares have posted returns of -4.74%.A block trade registered during the day has revealed $0 million in upticks and $2.4 million in downticks. The up/down ratio in this case turned out to be 0. The net money flow for the block trade was $(-2.4) million.


Currently the company Insiders own 3.6% of T. Rowe Price Group shares according to the proxy statements. Institutional Investors own 70.52% of T. Rowe Price Group shares. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Kennedy James A C, director of Price T Rowe Group Inc, had unloaded 50,000 shares at an average price of $77.75 in a transaction dated on April 27, 2016. The total value of the transaction was worth $3,887,500.

T. Rowe Price Group (NASDAQ:TROW) stock ended Monday session in the red zone in a volatile trading. The stock closed down 1.11 points or 1.52% at $71.72 with 1,348,102 shares getting traded. Post opening the session at $72.18, the shares hit an intraday low of $71.68 and an intraday high of $72.66 and the price was in this range throughout the day. The company has a market cap of $17,801 million and the number of outstanding shares have been calculated to be 248,203,140 shares. The 52-week high of T. Rowe Price Group (NASDAQ:TROW) is $79.96 and the 52-week low is $63.57.

Many analysts have stated their opinion on the company shares. In a research note released to the investors, JP Morgan maintains its rating on T. Rowe Price Group (NASDAQ:TROW).The analysts at the brokerage house have a current rating of Underweight on the shares. In a recent information released to the investors, JP Morgan raises the new price target from $71 per share to $74 per share. The rating by the firm was issued on April 7, 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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.