Court Place Advisors LLC Has $327,000 Stock Position in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Court Place Advisors LLC lowered its stake in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 6.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,893 shares of the asset manager’s stock after selling 200 shares during the period. Court Place Advisors LLC’s holdings in T. Rowe Price Group were worth $327,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Iron Horse Wealth Management LLC increased its stake in T. Rowe Price Group by 90.9% in the third quarter. Iron Horse Wealth Management LLC now owns 231 shares of the asset manager’s stock valued at $25,000 after acquiring an additional 110 shares during the last quarter. Hexagon Capital Partners LLC raised its holdings in shares of T. Rowe Price Group by 54.7% during the 3rd quarter. Hexagon Capital Partners LLC now owns 294 shares of the asset manager’s stock worth $32,000 after buying an additional 104 shares in the last quarter. True Wealth Design LLC bought a new stake in shares of T. Rowe Price Group during the 3rd quarter worth $37,000. Larson Financial Group LLC boosted its stake in T. Rowe Price Group by 866.7% in the third quarter. Larson Financial Group LLC now owns 348 shares of the asset manager’s stock valued at $38,000 after buying an additional 312 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in T. Rowe Price Group in the third quarter valued at about $43,000. Institutional investors own 73.39% of the company’s stock.

Wall Street Analyst Weigh In

TROW has been the topic of several research reports. TD Cowen decreased their price target on shares of T. Rowe Price Group from $120.00 to $116.00 and set a “hold” rating on the stock in a report on Monday, November 4th. Morgan Stanley boosted their target price on shares of T. Rowe Price Group from $129.00 to $132.00 and gave the stock an “equal weight” rating in a research note on Friday, December 20th. StockNews.com upgraded T. Rowe Price Group from a “hold” rating to a “buy” rating in a research note on Saturday. Deutsche Bank Aktiengesellschaft boosted their price objective on T. Rowe Price Group from $115.00 to $120.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Finally, The Goldman Sachs Group dropped their target price on T. Rowe Price Group from $106.00 to $102.00 and set a “sell” rating for the company in a research report on Thursday, October 3rd. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, T. Rowe Price Group presently has an average rating of “Hold” and a consensus price target of $115.82.

Insiders Place Their Bets

In other T. Rowe Price Group news, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $123.35, for a total value of $499,197.45. Following the completion of the sale, the vice president now 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 this hyperlink. Insiders own 2.00% of the company’s stock.

T. Rowe Price Group Stock Down 0.4 %

Shares of NASDAQ TROW opened at $113.73 on Tuesday. The company has a market cap of $25.27 billion, a P/E ratio of 12.44, a P/E/G ratio of 1.68 and a beta of 1.43. T. Rowe Price Group, Inc. has a 52 week low of $100.49 and a 52 week high of $125.81. The business has a 50-day simple moving average of $117.22 and a two-hundred day simple moving average of $112.77.

T. Rowe Price Group (NASDAQ:TROW) last released its quarterly earnings results on Friday, November 1st. The asset manager reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.21. The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.84 billion. T. Rowe Price Group had a net margin of 30.35% and a return on equity of 20.35%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.17 earnings per share. Equities research analysts anticipate that T. Rowe Price Group, Inc. will post 9.45 EPS 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.