Winnow Wealth LLC Has $972,000 Stock Position in T. Rowe Price Group, Inc. $TROW

Winnow Wealth LLC raised its holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 9,335.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,435 shares of the asset manager’s stock after buying an additional 9,335 shares during the quarter. Winnow Wealth LLC’s holdings in T. Rowe Price Group were worth $972,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Woodline Partners LP lifted its position in shares of T. Rowe Price Group by 41.0% during the 1st quarter. Woodline Partners LP now owns 18,809 shares of the asset manager’s stock valued at $1,728,000 after acquiring an additional 5,467 shares during the period. Focus Partners Wealth grew its holdings in T. Rowe Price Group by 10.6% in the first quarter. Focus Partners Wealth now owns 13,054 shares of the asset manager’s stock worth $1,199,000 after purchasing an additional 1,250 shares during the period. GC Wealth Management RIA LLC bought a new stake in T. Rowe Price Group in the second quarter valued at $221,000. PFG Investments LLC acquired a new position in shares of T. Rowe Price Group during the second quarter valued at about $207,000. Finally, Bartlett & CO. Wealth Management LLC boosted its position in shares of T. Rowe Price Group by 12.1% during the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 2,212 shares of the asset manager’s stock worth $213,000 after purchasing an additional 238 shares in the last quarter. 73.39% of the stock is currently owned by institutional investors.

T. Rowe Price Group Price Performance

Shares of TROW stock opened at $105.68 on Friday. The firm has a 50-day moving average of $104.67 and a 200-day moving average of $104.65. The company has a market cap of $23.06 billion, a P/E ratio of 11.51, a P/E/G ratio of 2.54 and a beta of 1.52. T. Rowe Price Group, Inc. has a one year low of $77.85 and a one year high of $118.32.

T. Rowe Price Group (NASDAQ:TROW) last released its quarterly earnings results on Friday, October 31st. The asset manager reported $2.81 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.26. The business had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.88 billion. T. Rowe Price Group had a net margin of 28.89% and a return on equity of 19.95%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.57 earnings per share. As a group, research analysts expect that T. Rowe Price Group, Inc. will post 9.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TROW has been the subject of a number of research analyst reports. Bank of America boosted their target price on T. Rowe Price Group from $85.00 to $86.00 in a research report on Wednesday, January 14th. JPMorgan Chase & Co. decreased their price objective on T. Rowe Price Group from $111.00 to $108.00 and set an “underweight” rating for the company in a report on Tuesday, January 20th. TD Cowen lowered their target price on T. Rowe Price Group from $112.00 to $109.00 and set a “hold” rating on the stock in a research report on Wednesday, January 14th. BMO Capital Markets increased their target price on T. Rowe Price Group from $108.00 to $110.00 and gave the stock a “market perform” rating in a report on Tuesday, January 13th. Finally, Barclays decreased their price target on shares of T. Rowe Price Group from $102.00 to $101.00 and set an “underweight” rating for the company in a research note on Thursday, January 15th. Eleven investment analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, T. Rowe Price Group presently has an average rating of “Reduce” and a consensus target price of $107.31.

Insider Buying and Selling at T. Rowe Price Group

In related news, VP Arif Husain sold 4,260 shares of the stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $101.96, for a total transaction of $434,349.60. Following the completion of the transaction, the vice president owned 47,102 shares in the company, valued at approximately $4,802,519.92. This represents a 8.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.00% of the company’s stock.

About T. Rowe Price Group

T. Rowe Price Group, Inc is a global investment management firm headquartered in Baltimore, Maryland, founded by Thomas Rowe Price Jr. in 1937. The company provides a broad range of investment products and services for individual investors, financial intermediaries, retirement plan sponsors and institutional clients. Its offerings are built around active investment management and in-house research across equity, fixed income and multi-asset strategies, reflecting a long history as a research-driven asset manager.

The firm’s product lineup includes mutual funds, separate accounts, collective investment trusts, target-date and target-risk funds, and managed account solutions, as well as services for defined contribution and defined benefit retirement plans.