T. Rowe Price Group Inc (TROW) : Provident Trust Co reduced its stake in T. Rowe Price Group Inc by 0.12% during the most recent quarter end. The investment management company now holds a total of 1,241,687 shares of T. Rowe Price Group Inc which is valued at $85,800,572 after selling 1,461 shares in T. Rowe Price Group Inc , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.T. Rowe Price Group Inc makes up approximately 4.60% of Provident Trust Co’s portfolio.
Other Hedge Funds, Including , Meag Munich Ergo Kapitalanlagegesellschaft Mbh reduced its stake in TROW by selling 65,593 shares or 52.38% in the most recent quarter. The Hedge Fund company now holds 59,626 shares of TROW which is valued at $4,214,962. T. Rowe Price Group Inc makes up approx 0.37% of Meag Munich Ergo Kapitalanlagegesellschaft Mbh’s portfolio.Shell Asset Management Co boosted its stake in TROW in the latest quarter, The investment management firm added 5,650 additional shares and now holds a total of 33,859 shares of T. Rowe Price Group Inc which is valued at $2,393,154. T. Rowe Price Group Inc makes up approx 0.06% of Shell Asset Management Co’s portfolio. Jolley Asset Management added TROW to its portfolio by purchasing 150 company shares during the most recent quarter which is valued at $11,118. T. Rowe Price Group Inc makes up approx 0.01% of Jolley Asset Management’s portfolio.
T. Rowe Price Group Inc closed down -0.05 points or -0.07% at $69.05 with 10,19,373 shares getting traded on Thursday. Post opening the session at $69.01, the shares hit an intraday low of $68.8 and an intraday high of $69.55 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.