Steigerwald Gordon & Koch Inc. cut its holdings in T. Rowe Price Group Inc (NASDAQ:TROW) by 1.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 96,774 shares of the asset manager’s stock after selling 1,143 shares during the quarter. T. Rowe Price Group makes up approximately 2.7% of Steigerwald Gordon & Koch Inc.’s portfolio, making the stock its 16th largest holding. Steigerwald Gordon & Koch Inc.’s holdings in T. Rowe Price Group were worth $10,617,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Comerica Securities Inc. raised its stake in T. Rowe Price Group by 2.7% in the 4th quarter. Comerica Securities Inc. now owns 7,947 shares of the asset manager’s stock worth $734,000 after acquiring an additional 208 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in T. Rowe Price Group by 5.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,354,386 shares of the asset manager’s stock worth $125,035,000 after acquiring an additional 74,561 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of T. Rowe Price Group by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 3,439,749 shares of the asset manager’s stock valued at $317,047,000 after buying an additional 76,186 shares during the last quarter. Two Sigma Advisers LP purchased a new position in shares of T. Rowe Price Group during the 4th quarter valued at about $296,000. Finally, Thrivent Financial for Lutherans raised its stake in shares of T. Rowe Price Group by 1.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 10,583 shares of the asset manager’s stock valued at $977,000 after buying an additional 186 shares during the last quarter. Institutional investors and hedge funds own 69.23% of the company’s stock.

Shares of T. Rowe Price Group stock traded up $0.06 on Monday, hitting $115.26. The company’s stock had a trading volume of 477,525 shares, compared to its average volume of 996,738. The company has a quick ratio of 3.91, a current ratio of 3.91 and a debt-to-equity ratio of 0.02. T. Rowe Price Group Inc has a 1 year low of $84.59 and a 1 year high of $122.31. The firm’s fifty day moving average is $108.64. The firm has a market cap of $27.14 billion, a P/E ratio of 16.12, a price-to-earnings-growth ratio of 1.73 and a beta of 1.07.

T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly earnings results on Wednesday, July 24th. The asset manager reported $2.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.88 by $0.15. T. Rowe Price Group had a return on equity of 28.80% and a net margin of 36.17%. The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the previous year, the business earned $1.87 EPS. T. Rowe Price Group’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, equities analysts forecast that T. Rowe Price Group Inc will post 7.84 earnings per share for the current fiscal year.

In related news, Director Mary K. Bush sold 3,500 shares of T. Rowe Price Group stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $107.06, for a total value of $374,710.00. Following the completion of the transaction, the director now owns 19,243 shares in the company, valued at approximately $2,060,155.58. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.10% of the stock is owned by insiders.

A number of equities analysts have weighed in on the company. UBS Group lifted their price objective on T. Rowe Price Group from $109.00 to $111.00 and gave the company a “neutral” rating in a research note on Monday, July 8th. Zacks Investment Research upgraded IMI PLC/S from a “sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. Jefferies Financial Group lifted their price objective on T. Rowe Price Group from $103.00 to $119.00 and gave the company a “buy” rating in a research note on Monday, April 1st. BidaskClub upgraded Xilinx from a “hold” rating to a “buy” rating in a research note on Wednesday, July 24th. Finally, Gabelli reiterated a “buy” rating on shares of T. Rowe Price Group in a research note on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $108.25.

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.

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Institutional Ownership by Quarter for T. Rowe Price Group (NASDAQ:TROW)

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