T. Rowe Price Group, Inc. (NASDAQ:TROW) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. decreased its holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 25.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 111,819 shares of the asset manager's stock after selling 37,925 shares during the period. Russell Investments Group Ltd. owned approximately 0.05% of T. Rowe Price Group worth $12,061,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of TROW. International Assets Investment Management LLC raised its holdings in T. Rowe Price Group by 8,968.6% in the 4th quarter. International Assets Investment Management LLC now owns 902,146 shares of the asset manager's stock valued at $97,152,000 after buying an additional 892,198 shares during the period. Qube Research & Technologies Ltd acquired a new position in shares of T. Rowe Price Group in the 3rd quarter worth approximately $21,114,000. Charles Schwab Investment Management Inc. raised its holdings in shares of T. Rowe Price Group by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,900,101 shares of the asset manager's stock valued at $513,874,000 after buying an additional 134,839 shares during the period. Invesco Ltd. lifted its stake in T. Rowe Price Group by 7.6% during the 3rd quarter. Invesco Ltd. now owns 1,684,057 shares of the asset manager's stock worth $176,607,000 after acquiring an additional 119,305 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in T. Rowe Price Group by 4.1% during the 3rd quarter. Northern Trust Corp now owns 2,356,132 shares of the asset manager's stock valued at $247,088,000 after acquiring an additional 93,829 shares during the period. 73.39% of the stock is owned by hedge funds and other institutional investors.

T. Rowe Price Group Stock Performance

NASDAQ TROW traded up $0.34 during trading on Friday, reaching $111.50. 1,271,965 shares of the company's stock were exchanged, compared to its average volume of 1,679,318. 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 cap of $24.90 billion, a P/E ratio of 13.24, a price-to-earnings-growth ratio of 1.93 and a beta of 1.40. The company has a 50 day moving average price of $115.20 and a two-hundred day moving average price of $107.47.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Citigroup raised their price objective on shares of T. Rowe Price Group from $110.00 to $125.00 and gave the company a "neutral" rating in a research note on Friday, April 5th. UBS Group boosted their price target on shares of T. Rowe Price Group from $100.00 to $109.00 and gave the stock a "sell" rating in a research note on Friday, April 12th. Evercore ISI cut their price objective on T. Rowe Price Group from $110.00 to $107.00 and set an "in-line" rating on the stock in a research report on Tuesday, April 30th. Keefe, Bruyette & Woods upgraded T. Rowe Price Group from an "underperform" rating to a "market perform" rating and lifted their target price for the company from $106.00 to $120.00 in a report on Thursday, April 11th. Finally, JPMorgan Chase & Co. upped their price target on T. Rowe Price Group from $94.00 to $103.00 and gave the stock an "underweight" rating in a report on Tuesday, April 16th. Four investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $112.10.

Insider Activity at T. Rowe Price Group

In other T. Rowe Price Group news, 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 in the company, valued at approximately $3,916,525.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Freeman A. Hrabowski III sold 8,740 shares of the firm's stock in a transaction on Friday, March 8th. The stock was sold at an average price of $118.32, for a total value of $1,034,116.80. Following the completion of the transaction, the director now owns 21,073 shares in the company, valued at $2,493,357.36. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Robert F. Maclellan sold 3,043 shares of the business's stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $113.08, for a total transaction of $344,102.44. Following the completion of the sale, the director now owns 34,635 shares in the company, valued at $3,916,525.80. The disclosure for this sale can be found here. Insiders have sold a total of 12,921 shares of company stock worth $1,500,133 over the last three months. 2.00% of the stock is currently owned by corporate insiders.

About T. Rowe Price Group

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.