Middleton & Co Inc MA Has $495,000 Position in T. Rowe Price Group Inc (NASDAQ:TROW)

Middleton & Co Inc MA lowered its stake in T. Rowe Price Group Inc (NASDAQ:TROW) by 10.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,512 shares of the asset manager’s stock after selling 520 shares during the period. Middleton & Co Inc MA’s holdings in T. Rowe Price Group were worth $495,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Geode Capital Management LLC boosted its stake in T. Rowe Price Group by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 3,439,749 shares of the asset manager’s stock valued at $317,047,000 after acquiring an additional 76,186 shares during the last quarter. Northern Trust Corp grew its stake in T. Rowe Price Group by 0.3% in the 1st quarter. Northern Trust Corp now owns 2,870,689 shares of the asset manager’s stock valued at $287,413,000 after buying an additional 8,888 shares during the last quarter. Provident Trust Co. grew its stake in T. Rowe Price Group by 5.7% in the 1st quarter. Provident Trust Co. now owns 1,734,776 shares of the asset manager’s stock valued at $173,686,000 after buying an additional 93,089 shares during the last quarter. Wells Fargo & Company MN grew its stake in T. Rowe Price Group by 2.6% in the 1st quarter. Wells Fargo & Company MN now owns 1,573,127 shares of the asset manager’s stock valued at $157,501,000 after buying an additional 39,601 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position 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 valued at $125,035,000 after acquiring an additional 74,561 shares during the period. 69.60% of the stock is owned by institutional investors and hedge funds.

NASDAQ TROW opened at $108.18 on Monday. The company has a market cap of $25.92 billion, a P/E ratio of 15.13, a P/E/G ratio of 1.66 and a beta of 1.05. The firm’s 50 day moving average price is $109.73. T. Rowe Price Group Inc has a one year low of $84.59 and a one year high of $120.75. 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 (NASDAQ:TROW) last announced its quarterly earnings results on Wednesday, July 24th. The asset manager reported $2.03 EPS for the quarter, beating the consensus estimate of $1.88 by $0.15. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.39 billion. T. Rowe Price Group had a return on equity of 28.80% and a net margin of 36.17%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.87 earnings per share. On average, equities analysts expect that T. Rowe Price Group Inc will post 7.79 EPS for the current fiscal year.

Several research analysts recently issued reports on the stock. Gabelli reissued a “buy” rating on shares of T. Rowe Price Group in a research note on Thursday, April 25th. Morgan Stanley raised their price objective on shares of T. Rowe Price Group from $117.00 to $122.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. BidaskClub raised shares of T. Rowe Price Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. Barclays raised their price target on shares of T. Rowe Price Group from $90.00 to $95.00 and gave the company an “underweight” rating in a research report on Thursday, April 25th. Finally, Bank of America set a $112.00 price objective on shares of T. Rowe Price Group and gave the stock a “buy” rating in a report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $108.25.

In other T. Rowe Price Group 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 transaction, the director now owns 19,243 shares in the company, valued at $2,060,155.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Robert C.T. Higginbotham sold 19,393 shares of T. Rowe Price Group stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $115.17, for a total value of $2,233,491.81. Following the completion of the transaction, the vice president now owns 68,864 shares in the company, valued at approximately $7,931,066.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 59,791 shares of company stock worth $6,829,702. Insiders own 3.10% of the company’s stock.

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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