First Affirmative Financial Network Purchases 179 Shares of T. Rowe Price Group, Inc. (NASDAQ:TROW)

First Affirmative Financial Network raised its position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 8.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,244 shares of the asset manager’s stock after purchasing an additional 179 shares during the quarter. First Affirmative Financial Network’s holdings in T. Rowe Price Group were worth $254,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. McKinley Carter Wealth Services Inc. raised its position in shares of T. Rowe Price Group by 1.1% during the 4th quarter. McKinley Carter Wealth Services Inc. now owns 13,945 shares of the asset manager’s stock valued at $1,577,000 after purchasing an additional 153 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in T. Rowe Price Group by 113.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 101,926 shares of the asset manager’s stock valued at $11,527,000 after acquiring an additional 54,133 shares during the period. Twelve Points Wealth Management LLC raised its holdings in T. Rowe Price Group by 25.2% during the fourth quarter. Twelve Points Wealth Management LLC now owns 6,827 shares of the asset manager’s stock valued at $772,000 after acquiring an additional 1,375 shares during the period. SteelPeak Wealth LLC purchased a new position in shares of T. Rowe Price Group in the fourth quarter valued at about $254,000. Finally, Vantage Investment Partners LLC boosted its stake in shares of T. Rowe Price Group by 1.5% in the fourth quarter. Vantage Investment Partners LLC now owns 114,596 shares of the asset manager’s stock worth $12,960,000 after acquiring an additional 1,643 shares during the period. 73.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TROW has been the topic of a number of research analyst reports. StockNews.com raised T. Rowe Price Group from a “hold” rating to a “buy” rating in a report on Saturday, January 25th. Barclays dropped their target price on shares of T. Rowe Price Group from $115.00 to $113.00 and set an “underweight” rating for the company in a research report on Friday, January 17th. 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. dropped 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 report on Monday, November 4th. Finally, Wells Fargo & Company reduced their target price on T. Rowe Price Group from $124.00 to $118.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $115.82.

Insider Activity at T. Rowe Price Group

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

T. Rowe Price Group Trading Up 1.4 %

NASDAQ TROW opened at $115.89 on Friday. T. Rowe Price Group, Inc. has a 12 month low of $100.49 and a 12 month high of $125.81. The company’s 50-day moving average price is $117.01 and its 200-day moving average price is $112.74. The stock has a market cap of $25.75 billion, a PE ratio of 12.68, a PEG ratio of 1.74 and a beta of 1.43.

T. Rowe Price Group (NASDAQ:TROW) last posted its quarterly earnings results on Friday, November 1st. The asset manager reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.21. T. Rowe Price Group had a net margin of 30.35% and a return on equity of 20.35%. The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the previous year, the firm posted $2.17 earnings per share. The company’s revenue was up 6.9% on a year-over-year basis. As a group, sell-side analysts forecast that T. Rowe Price Group, Inc. will post 9.42 earnings per share for the current year.

T. Rowe Price Group 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.