Wealth Enhancement Advisory Services LLC Sells 2,396 Shares of T. Rowe Price Group, Inc. (NASDAQ:TROW)

Wealth Enhancement Advisory Services LLC trimmed its position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 2.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 93,686 shares of the asset manager’s stock after selling 2,396 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in T. Rowe Price Group were worth $10,205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of TROW. Forsta AP Fonden raised its holdings in T. Rowe Price Group by 68.0% in the 3rd quarter. Forsta AP Fonden now owns 117,800 shares of the asset manager’s stock worth $12,832,000 after purchasing an additional 47,700 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in T. Rowe Price Group by 14.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 157,068 shares of the asset manager’s stock worth $17,201,000 after purchasing an additional 19,482 shares during the period. Capital Management Associates Inc bought a new position in T. Rowe Price Group in the 3rd quarter worth $515,000. Ballentine Partners LLC bought a new position in T. Rowe Price Group in the 3rd quarter worth $285,000. Finally, Nicholson Wealth Management Group LLC bought a new position in T. Rowe Price Group in the 3rd quarter worth $635,000. 73.39% of the stock is owned by institutional investors.

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

T. Rowe Price Group Stock Performance

TROW stock opened at $112.38 on Wednesday. The firm has a fifty day moving average price of $108.21 and a 200 day moving average price of $111.72. T. Rowe Price Group, Inc. has a fifty-two week low of $88.55 and a fifty-two week high of $122.27. The firm has a market cap of $25.09 billion, a PE ratio of 13.35, a price-to-earnings-growth ratio of 1.82 and a beta of 1.41.

Analyst Ratings Changes

A number of brokerages recently commented on TROW. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $120.00 target price (down from $121.00) on shares of T. Rowe Price Group in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft raised their price target on T. Rowe Price Group from $112.00 to $113.00 and gave the company a “hold” rating in a report on Thursday, August 15th. JPMorgan Chase & Co. raised their price target on T. Rowe Price Group from $102.00 to $107.00 and gave the company an “underweight” rating in a report on Tuesday, July 23rd. Wells Fargo & Company raised their price target on T. Rowe Price Group from $109.00 to $112.00 and gave the company an “equal weight” rating in a report on Wednesday, October 9th. Finally, Evercore ISI raised their price target on T. Rowe Price Group from $108.00 to $109.00 and gave the company an “in-line” rating in a report on Friday, October 4th. Four research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $113.00.

T. Rowe Price Group 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.