ING Groep NV Has $272,000 Position in T. Rowe Price Group, Inc. (TROW)

ING Groep NV decreased its position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 2.0% during the second quarter, Holdings Channel reports. The institutional investor owned 3,661 shares of the asset manager’s stock after selling 73 shares during the period. ING Groep NV’s holdings in T. Rowe Price Group were worth $272,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Macquarie Group Ltd. raised its position in T. Rowe Price Group by 105.5% in the fourth quarter. Macquarie Group Ltd. now owns 15,000 shares of the asset manager’s stock worth $1,128,000 after buying an additional 7,700 shares in the last quarter. Raymond James Trust N.A. raised its position in T. Rowe Price Group by 28.3% in the first quarter. Raymond James Trust N.A. now owns 5,461 shares of the asset manager’s stock worth $372,000 after buying an additional 1,204 shares in the last quarter. Creative Planning raised its position in T. Rowe Price Group by 9.8% in the first quarter. Creative Planning now owns 4,243 shares of the asset manager’s stock worth $289,000 after buying an additional 378 shares in the last quarter. Sheets Smith Wealth Management raised its position in T. Rowe Price Group by 10.7% in the first quarter. Sheets Smith Wealth Management now owns 5,254 shares of the asset manager’s stock worth $358,000 after buying an additional 507 shares in the last quarter. Finally, Gulf International Bank UK Ltd raised its position in T. Rowe Price Group by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 76,620 shares of the asset manager’s stock worth $5,221,000 after buying an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 71.86% of the company’s stock.

Shares of T. Rowe Price Group, Inc. (NASDAQ TROW) traded down 0.23% during mid-day trading on Friday, reaching $82.66. The company’s stock had a trading volume of 610,528 shares. The company has a 50 day moving average of $79.16 and a 200-day moving average of $72.78. T. Rowe Price Group, Inc. has a 12 month low of $62.97 and a 12 month high of $85.42. The firm has a market capitalization of $19.87 billion, a P/E ratio of 14.19 and a beta of 1.24.

T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly earnings data on Tuesday, July 25th. The asset manager reported $1.28 EPS for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.01. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. T. Rowe Price Group had a return on equity of 24.38% and a net margin of 32.64%. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period last year, the company earned $0.76 EPS. Equities research analysts forecast that T. Rowe Price Group, Inc. will post $5.65 EPS for the current year.

TRADEMARK VIOLATION WARNING: “ING Groep NV Has $272,000 Position in T. Rowe Price Group, Inc. (TROW)” was originally published by Ticker Report and is the sole property of of Ticker Report. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of international copyright legislation. The original version of this piece can be accessed at https://www.tickerreport.com/banking-finance/2802339/ing-groep-nv-has-272000-position-in-t-rowe-price-group-inc-trow.html.

A number of research analysts recently issued reports on TROW shares. Jefferies Group LLC restated a “buy” rating and set a $83.00 price objective (down previously from $84.00) on shares of T. Rowe Price Group in a research report on Monday, April 17th. Argus lowered T. Rowe Price Group from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. Deutsche Bank AG restated a “hold” rating and set a $71.00 price objective (down previously from $74.00) on shares of T. Rowe Price Group in a research report on Monday, May 1st. TheStreet upgraded T. Rowe Price Group from a “c+” rating to a “b-” rating in a research report on Friday, April 28th. Finally, UBS AG restated a “sell” rating and set a $61.00 price objective (down previously from $77.00) on shares of T. Rowe Price Group in a research report on Wednesday, May 24th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $77.90.

In other news, Director Anne M. Whittemore sold 8,326 shares of the stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $82.03, for a total value of $682,981.78. Following the transaction, the director now owns 28,982 shares of the company’s stock, valued at approximately $2,377,393.46. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider David Oestreicher sold 10,394 shares of the stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $83.07, for a total value of $863,429.58. Following the completion of the transaction, the insider now directly owns 82,299 shares in the company, valued at approximately $6,836,577.93. The disclosure for this sale can be found here. Corporate insiders own 3.60% of the company’s stock.

About T. Rowe Price Group

T. Rowe Price Group, Inc is a financial services holding company. The Company provides global investment management services through its subsidiaries to investors across the world. The Company provides an array of Company sponsored the United States mutual funds, other sponsored pooled investment vehicles, sub advisory services, separate account management, recordkeeping, and related services to individuals, advisors, institutions, financial intermediaries and retirement plan sponsors.

Want to see what other hedge funds are holding TROW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for T. Rowe Price Group, Inc. (NASDAQ:TROW).

Institutional Ownership by Quarter for T. Rowe Price Group (NASDAQ:TROW)

Receive News & Ratings for T. Rowe Price Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for T. Rowe Price Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.