State of Alaska Department of Revenue Trims Position in T. Rowe Price Group, Inc. (NASDAQ:TROW)

State of Alaska Department of Revenue trimmed its position in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 13.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,329 shares of the asset manager’s stock after selling 3,888 shares during the period. State of Alaska Department of Revenue’s holdings in T. Rowe Price Group were worth $2,864,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt grew its position in T. Rowe Price Group by 437.7% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,597 shares of the asset manager’s stock valued at $174,000 after buying an additional 1,300 shares during the period. First Affirmative Financial Network boosted its stake in shares of T. Rowe Price Group by 15.9% during the 3rd quarter. First Affirmative Financial Network now owns 2,065 shares of the asset manager’s stock worth $225,000 after acquiring an additional 283 shares during the last quarter. Exchange Traded Concepts LLC bought a new stake in shares of T. Rowe Price Group during the 3rd quarter valued at $105,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of T. Rowe Price Group by 13.3% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 8,442 shares of the asset manager’s stock worth $919,000 after purchasing an additional 992 shares in the last quarter. Finally, Creative Planning raised its holdings in T. Rowe Price Group by 0.3% in the 3rd quarter. Creative Planning now owns 55,324 shares of the asset manager’s stock worth $6,026,000 after purchasing an additional 177 shares during the period. 73.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on TROW. Wells Fargo & Company cut their price target on T. Rowe Price Group from $118.00 to $116.00 and set an “equal weight” rating for the company in a report on Thursday. Deutsche Bank Aktiengesellschaft increased their target price on shares of T. Rowe Price Group from $115.00 to $120.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Evercore ISI lifted their price target on shares of T. Rowe Price Group from $112.00 to $113.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. reduced their price objective on shares of T. Rowe Price Group from $116.00 to $115.00 and set an “underweight” rating for the company in a research note on Monday, November 4th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $113.00 target price (up previously from $111.00) on shares of T. Rowe Price Group in a research note on Thursday. Four investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $115.09.

Insiders Place Their Bets

In related news, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of T. Rowe Price Group stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $123.35, for a total transaction of $499,197.45. Following the completion of the transaction, the vice president now directly owns 119,577 shares of the company’s stock, valued at approximately $14,749,822.95. The trade was a 3.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.00% of the stock is currently owned by insiders.

T. Rowe Price Group Trading Down 1.2 %

Shares of TROW stock opened at $110.14 on Monday. The stock has a market capitalization of $24.47 billion, a price-to-earnings ratio of 12.02, a price-to-earnings-growth ratio of 1.70 and a beta of 1.44. T. Rowe Price Group, Inc. has a 12-month low of $100.49 and a 12-month high of $125.81. The stock’s 50-day moving average price is $115.78 and its 200-day moving average price is $112.55.

T. Rowe Price Group (NASDAQ:TROW) last released its quarterly earnings data on Wednesday, February 5th. The asset manager reported $2.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.08). T. Rowe Price Group had a return on equity of 20.91% and a net margin of 29.61%. During the same period in the prior year, the company posted $1.72 earnings per share. As a group, research analysts predict that T. Rowe Price Group, Inc. will post 9.36 EPS for the current fiscal year.

T. Rowe Price Group Company Profile

T. Rowe Price Group, Inc is a publicly owned investment manager. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. It launches and manages equity and fixed income mutual funds. The firm invests in the public equity and fixed income markets across the globe.