Sawgrass Asset Management LLC Sells 150 Shares of T. Rowe Price Group Inc (TROW)

Share on StockTwits

Sawgrass Asset Management LLC decreased its stake in T. Rowe Price Group Inc (NASDAQ:TROW) by 2.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,150 shares of the asset manager’s stock after selling 150 shares during the period. Sawgrass Asset Management LLC’s holdings in T. Rowe Price Group were worth $568,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Huntington National Bank increased its stake in shares of T. Rowe Price Group by 44.6% in the fourth quarter. Huntington National Bank now owns 28,400 shares of the asset manager’s stock valued at $2,622,000 after buying an additional 8,762 shares during the period. Broadleaf Partners LLC increased its stake in shares of T. Rowe Price Group by 26.5% in the third quarter. Broadleaf Partners LLC now owns 21,893 shares of the asset manager’s stock valued at $2,390,000 after buying an additional 4,588 shares during the period. Tandem Investment Advisors Inc. increased its stake in shares of T. Rowe Price Group by 7.6% in the third quarter. Tandem Investment Advisors Inc. now owns 102,329 shares of the asset manager’s stock valued at $11,172,000 after buying an additional 7,239 shares during the period. Confluence Investment Management LLC increased its stake in shares of T. Rowe Price Group by 2.3% in the third quarter. Confluence Investment Management LLC now owns 182,119 shares of the asset manager’s stock valued at $19,884,000 after buying an additional 4,140 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in T. Rowe Price Group by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 2,116,400 shares of the asset manager’s stock worth $245,692,000 after purchasing an additional 8,164 shares during the period. 71.17% of the stock is owned by institutional investors.

Several equities research analysts recently commented on the company. Evercore ISI raised T. Rowe Price Group from an “in-line” rating to an “outperform” rating and set a $99.00 target price for the company in a research note on Thursday, January 31st. BidaskClub raised T. Rowe Price Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 16th. Credit Suisse Group decreased their target price on T. Rowe Price Group from $115.00 to $107.00 and set an “outperform” rating for the company in a research note on Monday, January 14th. Zacks Investment Research cut T. Rowe Price Group from a “hold” rating to a “sell” rating in a research note on Thursday, January 10th. Finally, Morgan Stanley decreased their target price on T. Rowe Price Group from $105.00 to $98.00 and set an “equal weight” rating for the company in a research note on Friday, January 4th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $103.36.

NASDAQ TROW opened at $94.22 on Thursday. The company has a market cap of $22.77 billion, a P/E ratio of 13.18, a price-to-earnings-growth ratio of 1.59 and a beta of 1.02. T. Rowe Price Group Inc has a one year low of $84.59 and a one year high of $127.43.

T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly earnings results on Wednesday, January 30th. The asset manager reported $1.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.66 by ($0.25). The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.33 billion. T. Rowe Price Group had a return on equity of 29.12% and a net margin of 33.95%. The firm’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.52 EPS. Analysts forecast that T. Rowe Price Group Inc will post 6.14 EPS for the current fiscal year.

In other T. Rowe Price Group news, VP Christopher D. Alderson sold 5,681 shares of the stock in a transaction that occurred on Monday, December 10th. The stock was sold at an average price of $92.22, for a total value of $523,901.82. Following the transaction, the vice president now owns 118,818 shares in the company, valued at $10,957,395.96. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.10% of the stock is currently owned by corporate insiders.

COPYRIGHT VIOLATION NOTICE: “Sawgrass Asset Management LLC Sells 150 Shares of T. Rowe Price Group Inc (TROW)” was posted by Ticker Report and is owned by of Ticker Report. If you are reading this article on another website, it was illegally copied and republished in violation of international trademark and copyright laws. The original version of this article can be read at https://www.tickerreport.com/banking-finance/4133976/sawgrass-asset-management-llc-sells-150-shares-of-t-rowe-price-group-inc-trow.html.

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.

Read More: Book Value Per Share in Stock Trading

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

Latest News

Traders Buy NetEase  on Weakness
Traders Buy NetEase on Weakness
Arlington Asset Investment  Issues  Earnings Results
Arlington Asset Investment Issues Earnings Results
Investors Sell Verizon Communications  on Strength
Investors Sell Verizon Communications on Strength
Aramark Target of Unusually High Options Trading
Aramark Target of Unusually High Options Trading
Brokerages Anticipate BJ’s Restaurants, Inc.  to Announce $0.49 EPS
Brokerages Anticipate BJ’s Restaurants, Inc. to Announce $0.49 EPS
Morgan Stanley Sells 18,928 Shares of Ormat Technologies, Inc.
Morgan Stanley Sells 18,928 Shares of Ormat Technologies, Inc.


Leave a Reply

© 2006-2019 Ticker Report