T. Rowe Price Group, Inc. (NASDAQ:TROW) Shares Sold by First National Trust Co

First National Trust Co trimmed its holdings in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 14.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,170 shares of the asset manager's stock after selling 8,468 shares during the period. First National Trust Co's holdings in T. Rowe Price Group were worth $5,295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. OFI Invest Asset Management purchased a new position in shares of T. Rowe Price Group in the 3rd quarter valued at approximately $25,000. Creative Financial Designs Inc. ADV raised its position in shares of T. Rowe Price Group by 83.5% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 233 shares of the asset manager's stock valued at $25,000 after purchasing an additional 106 shares during the last quarter. Park Place Capital Corp raised its position in shares of T. Rowe Price Group by 1,775.0% in the 4th quarter. Park Place Capital Corp now owns 300 shares of the asset manager's stock valued at $32,000 after purchasing an additional 284 shares during the last quarter. Fortitude Family Office LLC purchased a new position in shares of T. Rowe Price Group in the 4th quarter valued at approximately $33,000. Finally, NBC Securities Inc. purchased a new position in shares of T. Rowe Price Group in the 3rd quarter valued at approximately $39,000. 73.39% of the stock is currently owned by institutional investors.

T. Rowe Price Group Trading Up 0.3 %

NASDAQ TROW traded up $0.34 during trading hours on Friday, reaching $111.50. The company had a trading volume of 1,271,965 shares, compared to its average volume of 1,679,318. The stock has a 50-day moving average of $115.20 and a 200 day moving average of $107.36. T. Rowe Price Group, Inc. has a 1-year low of $87.43 and a 1-year high of $132.76. The stock has a market capitalization of $24.90 billion, a P/E ratio of 13.24, a price-to-earnings-growth ratio of 1.92 and a beta of 1.40.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last posted its earnings results on Friday, April 26th. The asset manager reported $2.38 EPS for the quarter, beating analysts' consensus estimates of $2.04 by $0.34. The company had revenue of $1.75 billion for the quarter, compared to analysts' expectations of $1.71 billion. T. Rowe Price Group had a net margin of 29.09% and a return on equity of 19.70%. T. Rowe Price Group's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.69 earnings per share. As a group, sell-side analysts predict that T. Rowe Price Group, Inc. will post 8.75 EPS for the current year.

Insider Transactions at T. Rowe Price Group

In other news, Director Freeman A. Hrabowski III sold 8,740 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $118.32, for a total transaction of $1,034,116.80. Following the sale, the director now owns 21,073 shares of the company's stock, valued at $2,493,357.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Freeman A. Hrabowski III sold 8,740 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $118.32, for a total transaction of $1,034,116.80. Following the sale, the director now owns 21,073 shares of the company's stock, valued at $2,493,357.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jessica M. Hiebler sold 1,138 shares of the company's stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $107.13, for a total transaction of $121,913.94. Following the sale, the insider now owns 14,113 shares in the company, valued at $1,511,925.69. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,921 shares of company stock valued at $1,500,133. 2.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on TROW. Morgan Stanley raised their price target on shares of T. Rowe Price Group from $114.00 to $125.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 17th. StockNews.com lowered shares of T. Rowe Price Group from a "buy" rating to a "hold" rating in a report on Friday, February 9th. UBS Group lifted their target price on shares of T. Rowe Price Group from $100.00 to $109.00 and gave the company a "sell" rating in a report on Friday, April 12th. TD Cowen raised shares of T. Rowe Price Group from a "sell" rating to a "hold" rating and lifted their price target for the company from $92.00 to $114.00 in a research note on Monday, April 8th. Finally, Keefe, Bruyette & Woods raised shares of T. Rowe Price Group from an "underperform" rating to a "market perform" rating and lifted their price target for the company from $106.00 to $120.00 in a research note on Thursday, April 11th. Four investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company's stock. According to MarketBeat, T. Rowe Price Group presently has an average rating of "Hold" and an average target price of $112.10.

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.