T. Rowe Price Group, Inc. (NASDAQ:TROW) Stock Holdings Raised by WCM Investment Management LLC

WCM Investment Management LLC lifted its stake in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 153.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 37,995 shares of the asset manager’s stock after purchasing an additional 23,023 shares during the period. WCM Investment Management LLC’s holdings in T. Rowe Price Group were worth $4,326,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Iron Horse Wealth Management LLC lifted its holdings in T. Rowe Price Group by 90.9% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 231 shares of the asset manager’s stock worth $25,000 after buying an additional 110 shares during the last quarter. Y.D. More Investments Ltd increased its holdings in shares of T. Rowe Price Group by 124.0% in the 4th quarter. Y.D. More Investments Ltd now owns 280 shares of the asset manager’s stock valued at $32,000 after acquiring an additional 155 shares during the last quarter. True Wealth Design LLC acquired a new stake in shares of T. Rowe Price Group during the 3rd quarter valued at approximately $37,000. Larson Financial Group LLC lifted its stake in T. Rowe Price Group by 866.7% during the third quarter. Larson Financial Group LLC now owns 348 shares of the asset manager’s stock worth $38,000 after purchasing an additional 312 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in T. Rowe Price Group in the third quarter worth $43,000. 73.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of T. Rowe Price Group 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 transaction, the vice president now directly owns 119,577 shares of the company’s stock, valued at $14,749,822.95. The trade was a 3.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.00% of the stock is owned by corporate insiders.

T. Rowe Price Group Stock Performance

Shares of TROW opened at $110.14 on Monday. The firm has a market capitalization of $24.47 billion, a price-to-earnings ratio of 12.02, a price-to-earnings-growth ratio of 1.70 and a beta of 1.44. The stock’s fifty day moving average is $115.78 and its 200-day moving average is $112.55. 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 released its quarterly earnings results on Wednesday, February 5th. The asset manager reported $2.12 EPS for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.08). T. Rowe Price Group had a return on equity of 20.91% and a net margin of 29.61%. During the same quarter in the prior year, the company earned $1.72 EPS. Analysts forecast that T. Rowe Price Group, Inc. will post 9.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Evercore ISI increased their target price on shares of T. Rowe Price Group from $112.00 to $113.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $113.00 price objective (up previously from $111.00) on shares of T. Rowe Price Group in a research note on Thursday. TD Cowen decreased their target price on T. Rowe Price Group from $120.00 to $116.00 and set a “hold” rating for the company in a research note on Monday, November 4th. Morgan Stanley increased their price target on T. Rowe Price Group from $129.00 to $132.00 and gave the stock an “equal weight” rating in a research report on Friday, December 20th. Finally, JPMorgan Chase & Co. reduced their price objective 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. Four investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $115.09.

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.