Notable Ownership Action: 1.01 is Price T Rowe Group Inc’s (NASDAQ:TROW) Institutional Investor Sentiment

November 25, 2016 - By Pete Kolinski   ·   0 Comments

Notable Ownership Action: 1.01 is Price T Rowe Group Inc's (NASDAQ:TROW) Institutional Investor Sentiment

Sentiment for Price T Rowe Group Inc (NASDAQ:TROW)

Price T Rowe Group Inc (NASDAQ:TROW) institutional sentiment increased to 1.01 in Q2 2016. Its up 0.04, from 0.97 in 2016Q1. The ratio improved, as 278 investment professionals increased and opened new equity positions, while 286 cut down and sold holdings in Price T Rowe Group Inc. The investment professionals in our partner’s database now have: 169.28 million shares, down from 173.52 million shares in 2016Q1. Also, the number of investment professionals holding Price T Rowe Group Inc in their top 10 equity positions decreased from 16 to 11 for a decrease of 5. Sold All: 50 Reduced: 236 Increased: 230 New Position: 48.

T. Rowe Price Group, Inc. is a financial services holding company. The company has a market cap of $18.11 billion. The Firm provides global investment management services to individual and institutional investors in the sponsored T. It has a 16.71 P/E ratio. Rowe Price mutual funds distributed in the United States and other investment portfolios.

About 135,138 shares traded hands. T. Rowe Price Group Inc (NASDAQ:TROW) has declined 4.25% since April 22, 2016 and is downtrending. It has underperformed by 9.66% the S&P500.

Analysts await T. Rowe Price Group Inc (NASDAQ:TROW) to report earnings on January, 26. They expect $1.19 EPS, up 1.71% or $0.02 from last year’s $1.17 per share. TROW’s profit will be $290.56 million for 15.58 P/E if the $1.19 EPS becomes a reality. After $1.17 actual EPS reported by T. Rowe Price Group Inc for the previous quarter, Wall Street now forecasts 1.71% EPS growth.

According to Zacks Investment Research, “T. Rowe Price Associates, Inc. is an investment adviser to individual and institutional investors in the sponsored T. Rowe Price Mutual Funds and other investment portfolios, including those of defined benefit and defined contribution retirement plans, trusts, and other mutual funds, some of which hold the assets of variable annuity insurance contracts.”

Marathon Capital Management holds 54.14% of its portfolio in T. Rowe Price Group Inc for 1.45 million shares. Croft owns 582,136 shares or 9.55% of their US portfolio. Moreover, Greenwich Investment Management Inc. has 6.16% invested in the company for 79,276 shares. The Michigan-based Rk Asset Management Llc has invested 5.36% in the stock. Provident Trust Co, a Wisconsin-based fund reported 1.24 million shares.#img1#

T. Rowe Price Group Inc (NASDAQ:TROW) Ratings Coverage

Ratings analysis reveals 30% of T. Rowe Price Group Inc’s analysts are positive. Out of 10 Wall Street analysts rating T. Rowe Price Group Inc, 3 give it “Buy”, 1 “Sell” rating, while 6 recommend “Hold”. The lowest target is $65 while the high is $87. The stock’s average target of $75.27 is 1.48% above today’s ($74.17) share price. TROW was included in 47 notes of analysts from August 5, 2015. Deutsche Bank maintained it with “Buy” rating and $80.0 target price in Friday, January 8 report. The stock has “Equal-Weight” rating given by Barclays Capital on Thursday, October 13. Bank of America downgraded T. Rowe Price Group Inc (NASDAQ:TROW) on Tuesday, March 15 to “Neutral” rating. The rating was maintained by Susquehanna on Thursday, September 3 with “Positive”. The firm has “Neutral” rating given on Friday, October 2 by UBS. Wood maintained the shares of TROW in a report on Thursday, September 3 with “Market Perform” rating. On Friday, January 29 the stock rating was maintained by Argus Research with “Buy”. The firm has “Neutral” rating given on Friday, October 23 by UBS. The firm earned “Sector Perform” rating on Friday, October 23 by RBC Capital Markets. The firm has “Equal-Weight” rating by Barclays Capital given on Tuesday, August 9.

TROW Company Profile

T. Rowe Price Group, Inc., incorporated on February 4, 2000, is a financial services holding company. The Firm provides global investment management services through its subsidiaries to individual and institutional investors in the sponsored T. Rowe Price mutual funds distributed in the United States and other investment portfolios. The Firm operates through investment advisory business segment. The Company’s assets under management are accumulated from a client base across over four primary distribution channels, including third-party financial intermediaries that distribute its managed investment portfolios in the United States and other countries; individual the United States investors on a direct basis; the United States defined contribution retirement plans, and institutional investors across the globe. The assets that it manages include a range of the United States and international stock, blended asset, bond and money market mutual funds, and other investment portfolios. It offers advisory services and a distribution management service. It provides administrative services as ancillary services to its investment advisory clients.

More news for T. Rowe Price Group Inc (NASDAQ:TROW) were recently published by: Forbes.com, which released: “T Rowe Price Group Reaches Analyst Target Price” on November 15, 2016. Wsj.com‘s article titled: “T. Rowe Price Profit Rises 18%” and published on October 27, 2016 is yet another important article.

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By Pete Kolinski


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