Lafayette Investments buys $5,686,033 stake in T. Rowe Price Group Inc (TROW)

T. Rowe Price Group Inc (TROW) : Lafayette Investments scooped up 1,881 additional shares in T. Rowe Price Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 82,730 shares of T. Rowe Price Group Inc which is valued at $5,686,033.T. Rowe Price Group Inc makes up approximately 2.28% of Lafayette Investments’s portfolio.

Other Hedge Funds, Including , Outfitter Advisors Ltd. boosted its stake in TROW in the latest quarter, The investment management firm added 4,030 additional shares and now holds a total of 65,685 shares of T. Rowe Price Group Inc which is valued at $4,514,530. T. Rowe Price Group Inc makes up approx 1.87% of Outfitter Advisors Ltd.’s portfolio.Ameritas Investment Partners boosted its stake in TROW in the latest quarter, The investment management firm added 204 additional shares and now holds a total of 19,507 shares of T. Rowe Price Group Inc which is valued at $1,340,716. T. Rowe Price Group Inc makes up approx 0.09% of Ameritas Investment Partners’s portfolio.Whitnell boosted its stake in TROW in the latest quarter, The investment management firm added 201 additional shares and now holds a total of 22,446 shares of T. Rowe Price Group Inc which is valued at $1,548,998. T. Rowe Price Group Inc makes up approx 0.49% of Whitnell’s portfolio.Fulton Breakefield Broenniman boosted its stake in TROW in the latest quarter, The investment management firm added 3,408 additional shares and now holds a total of 30,544 shares of T. Rowe Price Group Inc which is valued at $2,110,590. T. Rowe Price Group Inc makes up approx 0.42% of Fulton Breakefield Broenniman’s portfolio. Americafirst Capital Management added TROW to its portfolio by purchasing 1,207 company shares during the most recent quarter which is valued at $89,402. T. Rowe Price Group Inc makes up approx 0.06% of Americafirst Capital Management’s portfolio.

T. Rowe Price Group Inc opened for trading at $68.93 and hit $69.5 on the upside on Wednesday, eventually ending the session at $69.34, with a gain of 0.38% or 0.26 points. The heightened volatility saw the trading volume jump to 1,085,289 shares. Company has a market cap of $17,235 M.

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.

Investors should note that on Aug 24, 2016, T. Rowe Price Group Inc announced a cash dividend of $0.5400. The company’s management has announced Sep 13, 2016 as the ex-dividend date and fixed the record date on Sep 15, 2016. The payable date has been fixed on Sep 29, 2016.

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.

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