Loudon Investment Management LLC Boosts Holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Loudon Investment Management LLC lifted its stake in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 2.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,929 shares of the asset manager’s stock after buying an additional 625 shares during the quarter. T. Rowe Price Group comprises 1.6% of Loudon Investment Management LLC’s portfolio, making the stock its 24th largest position. Loudon Investment Management LLC’s holdings in T. Rowe Price Group were worth $2,614,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. OFI Invest Asset Management purchased a new position in T. Rowe Price Group during the third quarter valued at $25,000. Creative Financial Designs Inc. ADV boosted its stake in T. Rowe Price Group by 83.5% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 233 shares of the asset manager’s stock worth $25,000 after acquiring an additional 106 shares in the last quarter. Park Place Capital Corp boosted its stake in T. Rowe Price Group by 1,775.0% during the fourth quarter. Park Place Capital Corp now owns 300 shares of the asset manager’s stock worth $32,000 after acquiring an additional 284 shares in the last quarter. Fortitude Family Office LLC purchased a new stake in T. Rowe Price Group in the fourth quarter worth about $33,000. Finally, NBC Securities Inc. bought a new position in shares of T. Rowe Price Group during the third quarter valued at approximately $39,000. 73.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on TROW shares. Citigroup boosted their price target on T. Rowe Price Group from $110.00 to $125.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. StockNews.com downgraded T. Rowe Price Group from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Wells Fargo & Company raised their price target on T. Rowe Price Group from $105.00 to $108.00 and gave the company an “underweight” rating in a report on Friday, February 9th. JPMorgan Chase & Co. upped their price target on shares of T. Rowe Price Group from $94.00 to $103.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 16th. Finally, Evercore ISI reduced their price objective on shares of T. Rowe Price Group from $110.00 to $107.00 and set an “in-line” rating for the company in a research note on Tuesday. Four investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat, T. Rowe Price Group currently has a consensus rating of “Hold” and an average price target of $112.10.

T. Rowe Price Group Stock Up 0.8 %

TROW traded up $0.86 during midday trading on Thursday, hitting $111.16. 1,651,625 shares of the company traded hands, compared to its average volume of 1,461,293. The company’s 50-day moving average is $115.19 and its 200 day moving average is $107.25. The firm has a market capitalization of $24.82 billion, a PE ratio of 13.10, a price-to-earnings-growth ratio of 1.91 and a beta of 1.40. T. Rowe Price Group, Inc. has a 52 week low of $87.43 and a 52 week high of $132.76.

T. Rowe Price Group (NASDAQ:TROW) last released its quarterly earnings data on Friday, April 26th. The asset manager reported $2.38 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.34. T. Rowe Price Group had a net margin of 29.09% and a return on equity of 19.70%. The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the previous year, the company earned $1.69 earnings per share. The firm’s quarterly revenue was up 13.8% on a year-over-year basis. On average, sell-side analysts predict that T. Rowe Price Group, Inc. will post 8.67 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Robert F. Maclellan sold 3,043 shares of T. Rowe Price Group stock in a transaction on Monday, April 29th. The stock was sold at an average price of $113.08, for a total value of $344,102.44. Following the completion of the sale, the director now owns 34,635 shares of the company’s stock, valued at $3,916,525.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other T. Rowe Price Group news, insider Jessica M. Hiebler sold 1,138 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $107.13, for a total value of $121,913.94. Following the transaction, the insider now directly owns 14,113 shares in the company, valued at $1,511,925.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert F. Maclellan sold 3,043 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $113.08, for a total transaction of $344,102.44. Following the sale, the director now directly owns 34,635 shares of the company’s stock, valued at approximately $3,916,525.80. The disclosure for this sale can be found here. Insiders have sold 12,921 shares of company stock valued at $1,500,133 in the last ninety days. 2.00% of the stock is currently owned by company insiders.

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.