OLD National Bancorp IN Grows Stock Position in T. Rowe Price Group, Inc. (NASDAQ:TROW)

OLD National Bancorp IN boosted its position in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 0.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 65,397 shares of the asset manager’s stock after buying an additional 286 shares during the quarter. OLD National Bancorp IN’s holdings in T. Rowe Price Group were worth $7,396,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Principal Financial Group Inc. increased its position in T. Rowe Price Group by 2.8% in the third quarter. Principal Financial Group Inc. now owns 275,978 shares of the asset manager’s stock worth $30,062,000 after buying an additional 7,503 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of T. Rowe Price Group by 3.8% in the third quarter. Janus Henderson Group PLC now owns 29,989 shares of the asset manager’s stock valued at $3,267,000 after purchasing an additional 1,100 shares in the last quarter. Aigen Investment Management LP purchased a new position in shares of T. Rowe Price Group in the third quarter valued at $516,000. Charles Schwab Investment Management Inc. grew its position in shares of T. Rowe Price Group by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,840,807 shares of the asset manager’s stock valued at $745,169,000 after purchasing an additional 231,286 shares in the last quarter. Finally, Quest Partners LLC grew its position in shares of T. Rowe Price Group by 442,900.0% in the third quarter. Quest Partners LLC now owns 4,430 shares of the asset manager’s stock valued at $483,000 after purchasing an additional 4,429 shares in the last quarter. 73.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at T. Rowe Price Group

In other T. Rowe Price Group news, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of the company’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 transaction of $499,197.45. Following the transaction, the vice president now owns 119,577 shares in the company, valued at approximately $14,749,822.95. This represents a 3.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.00% of the stock is currently owned by corporate insiders.

T. Rowe Price Group Trading Down 1.2 %

NASDAQ TROW opened at $114.31 on Thursday. T. Rowe Price Group, Inc. has a 1-year low of $100.49 and a 1-year high of $125.81. The stock has a 50-day moving average of $117.07 and a 200-day moving average of $112.73. The firm has a market cap of $25.39 billion, a PE ratio of 12.51, a price-to-earnings-growth ratio of 1.68 and a beta of 1.43.

T. Rowe Price Group (NASDAQ:TROW) last released its earnings results on Friday, November 1st. The asset manager reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.36 by $0.21. The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.84 billion. T. Rowe Price Group had a return on equity of 20.35% and a net margin of 30.35%. T. Rowe Price Group’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.17 EPS. As a group, equities research analysts forecast that T. Rowe Price Group, Inc. will post 9.45 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TROW. StockNews.com upgraded T. Rowe Price Group from a “hold” rating to a “buy” rating in a research report on Saturday, January 25th. Barclays reduced their price target on T. Rowe Price Group from $115.00 to $113.00 and set an “underweight” rating for the company in a research report on Friday, January 17th. Morgan Stanley lifted their price target on T. Rowe Price Group from $129.00 to $132.00 and gave the company an “equal weight” rating in a research report on Friday, December 20th. JPMorgan Chase & Co. reduced their target price on T. Rowe Price Group from $116.00 to $115.00 and set an “underweight” rating for the company in a research report on Monday, November 4th. Finally, Evercore ISI boosted their target price on T. Rowe Price Group from $112.00 to $113.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, T. Rowe Price Group presently has an average rating of “Hold” and an average price target of $115.82.

T. Rowe Price Group Company 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.