First Midwest Bank Trust Division Purchases 126 Shares of T. Rowe Price Group Inc (NASDAQ:TROW)

First Midwest Bank Trust Division boosted its position in shares of T. Rowe Price Group Inc (NASDAQ:TROW) by 5.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,244 shares of the asset manager’s stock after buying an additional 126 shares during the period. First Midwest Bank Trust Division’s holdings in T. Rowe Price Group were worth $246,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Huntington National Bank lifted its stake in shares of T. Rowe Price Group by 4.8% during the 2nd quarter. Huntington National Bank now owns 29,433 shares of the asset manager’s stock worth $3,230,000 after acquiring an additional 1,357 shares during the last quarter. AE Wealth Management LLC bought a new stake in shares of T. Rowe Price Group during the 2nd quarter worth approximately $367,000. Kistler Tiffany Companies LLC lifted its stake in shares of T. Rowe Price Group by 66.7% during the 2nd quarter. Kistler Tiffany Companies LLC now owns 250 shares of the asset manager’s stock worth $27,000 after acquiring an additional 100 shares during the last quarter. Flagship Harbor Advisors LLC lifted its stake in shares of T. Rowe Price Group by 101.4% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 582 shares of the asset manager’s stock worth $63,000 after acquiring an additional 293 shares during the last quarter. Finally, Davy Asset Management Ltd bought a new stake in shares of T. Rowe Price Group during the 2nd quarter worth approximately $295,000. 69.23% of the stock is owned by institutional investors and hedge funds.

In other T. Rowe Price Group news, VP Christopher D. Alderson sold 36,898 shares of T. Rowe Price Group stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $114.41, for a total transaction of $4,221,500.18. Following the completion of the sale, the vice president now owns 414,144 shares of the company’s stock, valued at approximately $47,382,215.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Robert C.T. Higginbotham sold 19,393 shares of T. Rowe Price Group stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $115.17, for a total value of $2,233,491.81. Following the sale, the vice president now directly owns 68,864 shares of the company’s stock, valued at approximately $7,931,066.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 59,791 shares of company stock valued at $6,829,702. 3.10% of the stock is currently owned by insiders.

Shares of NASDAQ:TROW opened at $109.27 on Friday. T. Rowe Price Group Inc has a 12-month low of $84.59 and a 12-month high of $120.75. The firm has a fifty day moving average of $109.65. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.91 and a quick ratio of 3.91. The stock has a market cap of $26.02 billion, a P/E ratio of 15.28, a PEG ratio of 1.74 and a beta of 1.07.

T. Rowe Price Group (NASDAQ:TROW) last announced its earnings results on Wednesday, July 24th. The asset manager reported $2.03 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the previous year, the business earned $1.87 EPS. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. Sell-side analysts forecast that T. Rowe Price Group Inc will post 7.79 EPS for the current fiscal year.

TROW has been the subject of a number of research analyst reports. Morgan Stanley raised their price target on T. Rowe Price Group from $117.00 to $122.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th. UBS Group raised their price objective on T. Rowe Price Group from $109.00 to $111.00 and gave the stock a “neutral” rating in a report on Monday, July 8th. Citigroup raised their price objective on T. Rowe Price Group from $113.00 to $115.00 and gave the stock a “neutral” rating in a report on Tuesday, July 9th. BidaskClub upgraded T. Rowe Price Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 24th. Finally, Bank of America set a $112.00 price objective on T. Rowe Price Group and gave the stock a “buy” rating in a report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. T. Rowe Price Group currently has an average rating of “Hold” and a consensus price target of $108.25.

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.

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

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