Pallas Capital Advisors LLC Grows Stock Holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Pallas Capital Advisors LLC raised its stake in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 10.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,964 shares of the asset manager’s stock after buying an additional 380 shares during the period. Pallas Capital Advisors LLC’s holdings in T. Rowe Price Group were worth $444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in TROW. Allspring Global Investments Holdings LLC boosted its position in T. Rowe Price Group by 6.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 13,658 shares of the asset manager’s stock valued at $1,665,000 after buying an additional 827 shares during the period. First Trust Direct Indexing L.P. boosted its position in T. Rowe Price Group by 13.4% in the 1st quarter. First Trust Direct Indexing L.P. now owns 4,861 shares of the asset manager’s stock valued at $593,000 after buying an additional 576 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in shares of T. Rowe Price Group in the 1st quarter worth approximately $1,008,000. Van ECK Associates Corp lifted its position in shares of T. Rowe Price Group by 4.3% in the 1st quarter. Van ECK Associates Corp now owns 37,813 shares of the asset manager’s stock worth $4,610,000 after purchasing an additional 1,552 shares during the period. Finally, Norden Group LLC purchased a new stake in shares of T. Rowe Price Group in the 1st quarter worth approximately $420,000. 73.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TROW. StockNews.com cut shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. JPMorgan Chase & Co. upped their price target on shares of T. Rowe Price Group from $102.00 to $107.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 23rd. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $120.00 price target (down previously from $121.00) on shares of T. Rowe Price Group in a research report on Monday, July 29th. TD Cowen lowered their price target on shares of T. Rowe Price Group from $123.00 to $118.00 and set a “hold” rating for the company in a research report on Monday, July 29th. Finally, Morgan Stanley boosted their price objective on shares of T. Rowe Price Group from $125.00 to $127.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. Four research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $113.00.

Insider Buying and Selling at T. Rowe Price Group

In other T. Rowe Price Group news, VP Andrew Justin Mackenzi Thomson sold 11,969 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $102.83, for a total transaction of $1,230,772.27. Following the transaction, the vice president now owns 123,624 shares in the company, valued at approximately $12,712,255.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, VP Andrew Justin Mackenzi Thomson sold 11,969 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $102.83, for a total value of $1,230,772.27. Following the sale, the vice president now owns 123,624 shares in the company, valued at $12,712,255.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jessica M. Hiebler sold 484 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $104.73, for a total transaction of $50,689.32. Following the completion of the sale, the insider now owns 13,939 shares in the company, valued at $1,459,831.47. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

T. Rowe Price Group Trading Down 1.7 %

Shares of T. Rowe Price Group stock opened at $109.86 on Friday. T. Rowe Price Group, Inc. has a 12-month low of $89.22 and a 12-month high of $122.27. The firm has a market capitalization of $24.53 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 1.82 and a beta of 1.41. The firm’s 50 day simple moving average is $108.27 and its two-hundred day simple moving average is $111.70.

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.