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

OLD National Bancorp IN increased its stake in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 0.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 65,397 shares of the asset manager’s stock after buying an additional 286 shares during the period. 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 & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. International Assets Investment Management LLC lifted its position in T. Rowe Price Group by 7,992.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,067,655 shares of the asset manager’s stock valued at $116,300,000 after acquiring an additional 1,054,461 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in T. Rowe Price Group by 382.1% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 398,175 shares of the asset manager’s stock valued at $43,373,000 after acquiring an additional 315,581 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in T. Rowe Price Group by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,840,807 shares of the asset manager’s stock valued at $745,169,000 after acquiring an additional 231,286 shares in the last quarter. Franklin Resources Inc. lifted its position in T. Rowe Price Group by 45.1% in the 3rd quarter. Franklin Resources Inc. now owns 490,155 shares of the asset manager’s stock valued at $53,760,000 after acquiring an additional 152,430 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC bought a new position in shares of T. Rowe Price Group during the 3rd quarter valued at $13,559,000. Hedge funds and other institutional investors own 73.39% of the company’s stock.

Insider Activity

In other 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 value of $499,197.45. Following 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.00% of the company’s stock.

T. Rowe Price Group Stock Down 1.2 %

Shares of T. Rowe Price Group stock opened at $114.31 on Thursday. The stock’s 50-day simple moving average is $117.07 and its 200-day simple moving average is $112.73. T. Rowe Price Group, Inc. has a 52 week low of $100.49 and a 52 week high of $125.81. The company has a market capitalization of $25.39 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 1.68 and a beta of 1.43.

T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly earnings data on Friday, November 1st. The asset manager reported $2.57 EPS for the quarter, beating the consensus estimate of $2.36 by $0.21. T. Rowe Price Group had a return on equity of 20.35% and a net margin of 30.35%. The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the previous year, the business earned $2.17 earnings per share. The business’s revenue was up 6.9% on a year-over-year basis. On average, equities analysts expect that T. Rowe Price Group, Inc. will post 9.45 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft increased their price target on T. Rowe Price Group from $115.00 to $120.00 and gave the company a “hold” rating in a report on Monday, November 11th. Keefe, Bruyette & Woods lowered their price target on T. Rowe Price Group from $116.00 to $111.00 and set a “market perform” rating on the stock in a report on Monday, January 13th. StockNews.com raised T. Rowe Price Group from a “hold” rating to a “buy” rating in a report on Saturday, January 25th. Morgan Stanley raised their target price on T. Rowe Price Group from $129.00 to $132.00 and gave the stock an “equal weight” rating in a report on Friday, December 20th. Finally, JPMorgan Chase & Co. lowered their target price on T. Rowe Price Group from $116.00 to $115.00 and set an “underweight” rating on the stock in a research report on Monday, November 4th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target 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.