Benin Management cut its stake in shares of T. Rowe Price Group Inc (NASDAQ:TROW) by 35.6% during the fourth quarter, according to its most recent disclosure with the SEC. The hedge fund owned 8,335 shares of the company’s stock after selling 4,600 shares during the period. Benin Management’s holdings in T. Rowe Price Group were worth $596,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in TROW. Lawrence B. Cohen acquired a new stake in shares of T. Rowe Price Group during the fourth quarter worth approximately $207,000. McQueen, Ball & Associates purchased a new stake in T. Rowe Price Group during the fourth quarter valued at about $226,000. Raymond James Trust raised its stake in T. Rowe Price Group by 33.1% in the fourth quarter. Raymond James Trust now owns 5,191 shares of the company’s stock valued at $371,000 after buying an additional 1,290 shares during the period. Gerstein Fisher raised its stake in T. Rowe Price Group by 4.1% in the third quarter. Gerstein Fisher now owns 6,072 shares of the company’s stock valued at $422,000 after buying an additional 240 shares during the period. Finally, Atria Investments purchased a new stake in T. Rowe Price Group during the fourth quarter valued at about $540,000.

T. Rowe Price Group Inc (NASDAQ:TROW) traded up 3.90% during midday trading on Thursday, hitting $68.81. The stock had a trading volume of 1,162,921 shares. The firm has a 50 day moving average of $69.05 and a 200 day moving average of $72.68. The firm has a market cap of $17.28 billion and a price-to-earnings ratio of 14.86. T. Rowe Price Group Inc has a 52 week low of $63.57 and a 52 week high of $84.38.

T. Rowe Price Group (NASDAQ:TROW) last announced its earnings results on Thursday, January 28th. The company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.06. During the same quarter in the prior year, the company earned $1.18 EPS. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.03 billion. T. Rowe Price Group’s revenue was up 2.9% compared to the same quarter last year. Equities research analysts predict that T. Rowe Price Group Inc will post $4.52 EPS for the current year.

Several research firms have issued reports on TROW. Barclays upped their price target on shares of T. Rowe Price Group from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 4th. Deutsche Bank reaffirmed a “buy” rating on shares of T. Rowe Price Group in a research report on Sunday, December 6th. Zacks Investment Research raised shares of T. Rowe Price Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 18th. Sanford C. Bernstein dropped their price target on shares of T. Rowe Price Group from $87.00 to $82.00 in a research report on Thursday, January 7th. Finally, Jefferies Group reaffirmed a “buy” rating on shares of T. Rowe Price Group in a research report on Monday, December 7th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. T. Rowe Price Group currently has an average rating of “Hold” and an average target price of $78.27.

In other T. Rowe Price Group news, insider Jessica M. Hiebler sold 1,150 shares of the stock in a transaction on Thursday, December 10th. The stock was sold at an average price of $73.13, for a total value of $84,099.50. Following the completion of the transaction, the insider now owns 5,740 shares in the company, valued at $419,766.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Christopher D. Alderson sold 3,384 shares of the stock in a transaction on Thursday, December 10th. The stock was sold at an average price of $73.75, for a total value of $249,570.00. Following the completion of the transaction, the vice president now owns 104,588 shares of the company’s stock, valued at approximately $7,713,365. The disclosure for this sale can be found here.

T. Rowe Price Group, Inc. is a financial services holding company. The Company provides global investment management services to individual and institutional investors in the sponsored T. Rowe Price mutual funds distributed in the United States and other investment portfolios. Its assets under management are accumulated from a client base across four primary distribution channels: third-party financial intermediaries that distribute its managed investment portfolios in the United States and other countries; individual United States investors on a direct basis; the United States defined contribution retirement plans, and institutional investors globally. The assets that it manages include a range of the United States and international stock, blended asset, bond and money market mutual funds, and other investment portfolios. It offers advisory services and a distribution management service. It provides administrative services as ancillary services to its investment advisory clients.

12 Month Chart for NASDAQ:TROW

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