T. Rowe Price Group Inc (TROW) : R.h. Dinel Investment Counsel reduced its stake in T. Rowe Price Group Inc by 9.11% during the most recent quarter end. The investment management company now holds a total of 38,175 shares of T. Rowe Price Group Inc which is valued at $2,820,751 after selling 3,825 shares in T. Rowe Price Group Inc , the firm said in a disclosure report filed with the SEC on Jul 11, 2016.T. Rowe Price Group Inc makes up approximately 3.24% of R.h. Dinel Investment Counsel’s portfolio.
Other Hedge Funds, Including , British Columbia Investment Management Corp boosted its stake in TROW in the latest quarter, The investment management firm added 26,980 additional shares and now holds a total of 202,846 shares of T. Rowe Price Group Inc which is valued at $14,856,441. T. Rowe Price Group Inc makes up approx 0.13% of British Columbia Investment Management Corp’s portfolio.Rosenbaum Jay D. boosted its stake in TROW in the latest quarter, The investment management firm added 1,700 additional shares and now holds a total of 6,195 shares of T. Rowe Price Group Inc which is valued at $453,722. T. Rowe Price Group Inc makes up approx 0.06% of Rosenbaum Jay D.’s portfolio.
T. Rowe Price Group Inc closed down -0.58 points or -0.78% at $73.89 with 12,07,352 shares getting traded on Wednesday. Post opening the session at $74.65, the shares hit an intraday low of $73.56 and an intraday high of $74.92 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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 $ 0.12 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.
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. 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.