Yousif Capital Management LLC Has $9.91 Million Holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Yousif Capital Management LLC trimmed its stake in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 1.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 87,644 shares of the asset manager’s stock after selling 1,492 shares during the period. Yousif Capital Management LLC’s holdings in T. Rowe Price Group were worth $9,912,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. ARGA Investment Management LP grew its position in T. Rowe Price Group by 7.8% during the fourth quarter. ARGA Investment Management LP now owns 12,212 shares of the asset manager’s stock worth $1,381,000 after buying an additional 881 shares in the last quarter. Greenwood Capital Associates LLC lifted its position in shares of T. Rowe Price Group by 0.9% in the 4th quarter. Greenwood Capital Associates LLC now owns 12,875 shares of the asset manager’s stock worth $1,456,000 after acquiring an additional 113 shares during the period. E. Ohman J or Asset Management AB grew its holdings in shares of T. Rowe Price Group by 16.0% during the 4th quarter. E. Ohman J or Asset Management AB now owns 11,103 shares of the asset manager’s stock worth $1,256,000 after purchasing an additional 1,530 shares in the last quarter. Verity Asset Management Inc. increased its position in shares of T. Rowe Price Group by 9.3% during the fourth quarter. Verity Asset Management Inc. now owns 11,329 shares of the asset manager’s stock valued at $1,281,000 after purchasing an additional 962 shares during the period. Finally, Willis Investment Counsel raised its stake in shares of T. Rowe Price Group by 0.3% in the fourth quarter. Willis Investment Counsel now owns 221,426 shares of the asset manager’s stock valued at $25,041,000 after purchasing an additional 572 shares in the last quarter. Institutional investors own 73.39% of the company’s stock.

Insider Buying and Selling

In other T. Rowe Price Group news, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $123.35, for a total transaction of $499,197.45. Following the completion of the sale, the vice president now directly owns 119,577 shares of the company’s stock, valued at approximately $14,749,822.95. The trade was a 3.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.00% of the stock is currently owned by corporate insiders.

T. Rowe Price Group Price Performance

NASDAQ TROW opened at $110.70 on Thursday. The stock’s 50 day simple moving average is $116.58 and its 200 day simple moving average is $112.65. The firm has a market cap of $24.59 billion, a PE ratio of 12.11, a price-to-earnings-growth ratio of 1.78 and a beta of 1.44. T. Rowe Price Group, Inc. has a one year low of $100.49 and a one year high of $125.81.

T. Rowe Price Group (NASDAQ:TROW) last posted its quarterly earnings data on Wednesday, February 5th. The asset manager reported $2.12 earnings per share for the quarter, missing the consensus estimate of $2.20 by ($0.08). T. Rowe Price Group had a net margin of 30.35% and a return on equity of 20.35%. During the same quarter last year, the firm posted $1.72 earnings per share. As a group, equities analysts expect that T. Rowe Price Group, Inc. will post 9.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TROW has been the topic of several analyst reports. Evercore ISI boosted their price target on shares of T. Rowe Price Group from $112.00 to $113.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. TD Cowen lowered their target price on shares of T. Rowe Price Group from $120.00 to $116.00 and set a “hold” rating on the stock in a research note on Monday, November 4th. StockNews.com lowered shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a research report on Sunday. Barclays decreased their price objective on T. Rowe Price Group from $115.00 to $113.00 and set an “underweight” rating on the stock in a report on Friday, January 17th. Finally, Keefe, Bruyette & Woods dropped their target price on T. Rowe Price Group from $116.00 to $111.00 and set a “market perform” rating for the company in a report on Monday, January 13th. Four equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Based on data from MarketBeat.com, T. Rowe Price Group currently has an average rating of “Hold” and a consensus target price of $115.82.

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.