Large Inflow of Money Detected in T. Rowe Price Group

T. Rowe Price Group (TROW) : T. Rowe Price Group (TROW) had a healthy money flow of $1.85 million into the stock during the Wednesdays trading session. The value of bullish trades on upticks was $16.77 million, whereas, investors only sold shares worth $14.91 million on downticks. The stock closed the day with an up-down ratio of 1.12.The money flow in the block trades to the tune of $2.45 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $4.79 million worth of transactions were on upticks. A paltry $2.34 million worth of block trade transactions on downticks shows that the investors are reluctant to sell the stock down. The total up-down ratio of the upticks vs the downticks in block trades was 2.05. T. Rowe Price Group (TROW) stock slid $0.01 intraday and traded at 74.07, a change of -0.01% over previous days close. However, for the week, the company shares are -0.78% compared to previous weeks close.


Also, Deutsche Bank maintains their rating on the shares of T. Rowe Price Group (NASDAQ:TROW). The current rating of the shares is Buy. Equity Analysts at the Firm lowers the price target to $82 per share from $86 per share. The rating by the firm was issued on June 16, 2016.

T. Rowe Price Group (NASDAQ:TROW): The stock opened at $73.73 on Wednesday but the bulls could not build on the opening and the stock topped out at $74.15 for the day. The stock traded down to $72.73 during the day, due to lack of any buying support eventually closed down at $74.07 with a loss of -0.01% for the day. The stock had closed at $74.08 on the previous day. The total traded volume was 1,238,962 shares.

The stock has recorded a 20-day Moving Average of 2.31% and the 50-Day Moving Average is 0.78%. In a related news, 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, 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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