Donaldson Capital Management LLC Has $41.48 Million Stock Holdings in T. Rowe Price Group, Inc. $TROW

Donaldson Capital Management LLC increased its holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 2.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 404,125 shares of the asset manager’s stock after purchasing an additional 8,231 shares during the period. T. Rowe Price Group makes up 1.3% of Donaldson Capital Management LLC’s portfolio, making the stock its 29th biggest position. Donaldson Capital Management LLC owned about 0.18% of T. Rowe Price Group worth $41,479,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Woodline Partners LP lifted its position in shares of T. Rowe Price Group by 41.0% during the 1st quarter. Woodline Partners LP now owns 18,809 shares of the asset manager’s stock worth $1,728,000 after buying an additional 5,467 shares during the period. Focus Partners Wealth lifted its holdings in shares of T. Rowe Price Group by 10.6% during the first quarter. Focus Partners Wealth now owns 13,054 shares of the asset manager’s stock valued at $1,199,000 after acquiring an additional 1,250 shares during the period. PFG Investments LLC bought a new stake in shares of T. Rowe Price Group in the 2nd quarter worth about $207,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of T. Rowe Price Group by 11.7% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 238,779 shares of the asset manager’s stock worth $23,042,000 after purchasing an additional 25,010 shares in the last quarter. Finally, Cromwell Holdings LLC lifted its holdings in T. Rowe Price Group by 3,483.3% during the 2nd quarter. Cromwell Holdings LLC now owns 430 shares of the asset manager’s stock valued at $41,000 after purchasing an additional 418 shares during the last quarter. 73.39% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other T. Rowe Price Group news, VP Arif Husain sold 4,260 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $101.96, for a total value of $434,349.60. Following the completion of the sale, the vice president owned 47,102 shares of the company’s stock, valued at approximately $4,802,519.92. This represents a 8.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

TROW has been the topic of several recent analyst reports. Keefe, Bruyette & Woods reduced their target price on T. Rowe Price Group from $117.00 to $115.00 and set a “market perform” rating on the stock in a report on Tuesday, December 16th. TD Cowen reduced their price objective on T. Rowe Price Group from $112.00 to $109.00 and set a “hold” rating on the stock in a research note on Wednesday, January 14th. Evercore ISI raised their target price on T. Rowe Price Group from $115.00 to $116.00 in a research note on Monday, January 12th. Zacks Research downgraded shares of T. Rowe Price Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Finally, Citigroup raised their price objective on shares of T. Rowe Price Group from $105.00 to $107.00 in a research report on Monday, November 3rd. Eleven equities research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, T. Rowe Price Group has an average rating of “Reduce” and an average price target of $107.31.

T. Rowe Price Group Price Performance

Shares of NASDAQ TROW opened at $105.68 on Friday. T. Rowe Price Group, Inc. has a fifty-two week low of $77.85 and a fifty-two week high of $118.32. The firm has a market capitalization of $23.06 billion, a P/E ratio of 11.51, a P/E/G ratio of 2.54 and a beta of 1.52. The company’s 50 day simple moving average is $104.67 and its 200 day simple moving average is $104.68.

T. Rowe Price Group (NASDAQ:TROW) last posted its quarterly earnings results on Friday, October 31st. The asset manager reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.26. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. T. Rowe Price Group had a return on equity of 19.95% and a net margin of 28.89%.The firm’s revenue was up 6.0% on a year-over-year basis. During the same period last year, the company earned $2.57 EPS. Sell-side analysts expect that T. Rowe Price Group, Inc. will post 9.29 EPS for the current fiscal year.

About T. Rowe Price Group

T. Rowe Price Group, Inc is a global investment management firm headquartered in Baltimore, Maryland, founded by Thomas Rowe Price Jr. in 1937. The company provides a broad range of investment products and services for individual investors, financial intermediaries, retirement plan sponsors and institutional clients. Its offerings are built around active investment management and in-house research across equity, fixed income and multi-asset strategies, reflecting a long history as a research-driven asset manager.

The firm’s product lineup includes mutual funds, separate accounts, collective investment trusts, target-date and target-risk funds, and managed account solutions, as well as services for defined contribution and defined benefit retirement plans.