T. Rowe Price Group, Inc. (NASDAQ:TROW) Stock Holdings Decreased by Hills Bank & Trust Co

Hills Bank & Trust Co reduced its position in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 2.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 10,713 shares of the asset manager’s stock after selling 284 shares during the quarter. Hills Bank & Trust Co’s holdings in T. Rowe Price Group were worth $1,167,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in TROW. Iron Horse Wealth Management LLC increased its position in shares of T. Rowe Price Group by 90.9% in the third quarter. Iron Horse Wealth Management LLC now owns 231 shares of the asset manager’s stock worth $25,000 after acquiring an additional 110 shares in the last quarter. Lynx Investment Advisory purchased a new position in T. Rowe Price Group during the second quarter valued at approximately $29,000. Hexagon Capital Partners LLC increased its stake in T. Rowe Price Group by 54.7% in the 3rd quarter. Hexagon Capital Partners LLC now owns 294 shares of the asset manager’s stock valued at $32,000 after buying an additional 104 shares during the period. Family Firm Inc. acquired a new position in T. Rowe Price Group in the 2nd quarter valued at approximately $36,000. Finally, Versant Capital Management Inc increased its stake in T. Rowe Price Group by 660.5% in the 2nd quarter. Versant Capital Management Inc now owns 327 shares of the asset manager’s stock valued at $38,000 after buying an additional 284 shares during the period. 73.39% of the stock is owned by hedge funds and other institutional investors.

T. Rowe Price Group Price Performance

Shares of T. Rowe Price Group stock opened at $108.00 on Friday. T. Rowe Price Group, Inc. has a fifty-two week low of $90.02 and a fifty-two week high of $122.27. The firm has a fifty day moving average price of $108.27 and a two-hundred day moving average price of $111.70. The company has a market cap of $24.04 billion, a PE ratio of 12.97, a price-to-earnings-growth ratio of 1.74 and a beta of 1.41.

Wall Street Analyst Weigh In

TROW has been the topic of several research reports. Evercore ISI upped their price objective on shares of T. Rowe Price Group from $108.00 to $109.00 and gave the company an “in-line” rating in a research note on Friday, October 4th. Morgan Stanley upped their price objective on shares of T. Rowe Price Group from $125.00 to $127.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Barclays upped their price objective on shares of T. Rowe Price Group from $99.00 to $101.00 and gave the company an “underweight” rating in a research note on Monday, October 14th. StockNews.com lowered shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Finally, JPMorgan Chase & Co. boosted their target price 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. Four analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $113.00.

Insider Activity

In other news, insider Jessica M. Hiebler sold 484 shares of the 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 owns 13,939 shares in the company, valued at approximately $1,459,831.47. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, VP Andrew Justin Mackenzi Thomson sold 11,969 shares of the stock in a transaction dated 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 completion of the sale, the vice president now owns 123,624 shares in the company, valued at $12,712,255.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jessica M. Hiebler sold 484 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $104.73, for a total transaction of $50,689.32. Following the sale, the insider now 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 disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

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.