Economy

Rowe Price Group, Inc. (TROW) Director Sells $377334.32 in Stock

T. Rowe Price Group comprises about 2.6% of Tandem Investment Advisors Inc.'s investment portfolio, making the stock its 18th biggest holding.

Among 15 analysts covering T. Rowe Price Group Inc (NASDAQ:TROW), 4 have Buy rating, 3 Sell and 8 Hold.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Fenimore Asset Mngmt Inc holds 1.23% in T. Rowe Price Group Inc (NASDAQ:TROW) or 399,081 shares. JPMorgan Chase & Co. now owns 11,756,348 shares of the asset manager's stock valued at $872,439,000 after acquiring an additional 156,326 shares during the last quarter. Vanguard Group Inc. increased its holdings in T. Rowe Price Group by 1.7% in the second quarter. Ltd. now owns 599,917 shares of the asset manager's stock worth $45,160,000 after buying an additional 576,146 shares in the last quarter. Aviva PLC now owns 147,815 shares of the asset manager's stock valued at $10,969,000 after buying an additional 2,760 shares during the period. Quadrant Capital Group LLC lifted its position in shares of T. Rowe Price Group by 5.4% in the 2nd quarter. Finally, Capital World Investors increased its holdings in T. Rowe Price Group by 235.0% in the second quarter. Bridgewater Associates LP now owns 131,857 shares of the asset manager's stock valued at $8,986,000 after purchasing an additional 17,119 shares during the period. Jefferies maintained the shares of AAN in report on Thursday, September 7 with "Buy" rating. 5,000 Aaron's, Inc. (NYSE:AAN) shares with value of $186,958 were sold by Kamerschen Robert W. The company was maintained on Friday, August 12 by Citigroup. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Cibc World Markets Inc acquired 4,200 shares as Price T Rowe Group Inc (TROW)'s stock declined 0.66%. The stock was sold at an average price of $82.03, for a total transaction of $682,981.78. The portion of a company's profit allocated to each outstanding share of common stock was $1.39 a share in the trailing twelve months. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,924 shares of company stock worth $3,187,333.

COPYRIGHT VIOLATION NOTICE: This piece of content was first reported by TrueBlueTribune and is owned by of TrueBlueTribune. If you are accessing this report on another website, it was illegally copied and reposted in violation of global trademark & copyright legislation. The correct version of this piece of content can be viewed at https://www.truebluetribune.com/2017/10/14/tandem-investment-advisors-inc-acquires-2918-shares-of-t-rowe-price-group-inc-trow.html. The stock closed the most recent session at $94.94 after seeing 1335905 shares trade hands. T. Rowe Price Group, Inc. has 239.47 million shares outstanding, and in the last trade has seen ATR around 1.23. The stock's 50 day moving average is $87.15 and its 200 day moving average is $77.94.

The company's P/E ratio is 16.38 and market capitalization is 22.93B.

T. Rowe Price Group, Inc. has a beta of 1.18, offering the possibility of a higher rate of return, but also posing more risk. Mark Sheptoff Fincl Planning Lc holds 0% of its portfolio in T. Rowe Price Group Inc (NASDAQ:TROW) for 48 shares. In the latest earnings report the EPS was $5.82 and is projected to be $5.77 for the current year with 240,357,000 shares presently outstanding. Chevy Chase Trust has invested 0.08% of its portfolio in T. Rowe Price Group Inc (NASDAQ:TROW). The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. They expect $1.33 EPS, up 13.68% or $0.16 from last year's $1.17 per share. T. Rowe Price Group's quarterly revenue was up 12.1% on a year-over-year basis. Shareholders of record on Thursday, September 14th were paid a $0.57 dividend. The ex-dividend date of this dividend was Wednesday, September 13th. This represents a $2.28 annualized dividend and a yield of 2.41%. Bancshares Of Hawaii has 0.02% invested in T. Rowe Price Group Inc (NASDAQ:TROW). (NASDAQ:TROW) has been the object of insider selling activity recently. Finally, Argus lowered T. Rowe Price Group from a "buy" rating to a "hold" rating in a report on Wednesday, April 26th. UBS AG reaffirmed a "sell" rating and issued a $63.00 price objective (up from $62.00) on shares of T. Rowe Price Group in a research report on Friday, July 14th. Bancorpsouth Inc has invested 0.06% of its portfolio in T. Rowe Price Group Inc (NASDAQ:TROW). California Public Employees Retirement Systems stated it has 606,675 shares or 0.07% of all its holdings. Morgan Stanley raised T. Rowe Price Group from an "underweight" rating to an "equal" rating and raised their price objective for the company from $77.00 to $93.00 in a research report on Thursday, October 5th.

Among 4 analysts covering Camtek Ltd (NASDAQ:CAMT), 4 have Buy rating, 0 Sell and 0 Hold. T. Rowe Price Group now has a consensus rating of Hold and a consensus target price of $86.18.

On September 28 the company was rated "Buy" in a report from Goldman Sachs a boost from the previous "Neutral" rating.



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