Nicolet Bankshares Inc. Maintains Stake in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Nicolet Bankshares Inc. maintained its stake in T. Rowe Price Group, Inc. (NASDAQ:TROW) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,905 shares of the asset manager’s stock at the end of the second quarter. Nicolet Bankshares Inc.’s holdings in T. Rowe Price Group were worth $364,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the stock. Confluence Investment Management LLC increased its stake in T. Rowe Price Group by 9.7% in the first quarter. Confluence Investment Management LLC now owns 162,924 shares of the asset manager’s stock worth $11,103,000 after buying an additional 14,444 shares in the last quarter. CENTRAL TRUST Co increased its stake in T. Rowe Price Group by 5.4% in the first quarter. CENTRAL TRUST Co now owns 12,521 shares of the asset manager’s stock worth $854,000 after buying an additional 647 shares in the last quarter. Watch Point Trust Co increased its stake in T. Rowe Price Group by 0.4% in the first quarter. Watch Point Trust Co now owns 26,821 shares of the asset manager’s stock worth $1,828,000 after buying an additional 100 shares in the last quarter. Chevy Chase Trust Holdings Inc. boosted its position in T. Rowe Price Group by 3.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 218,892 shares of the asset manager’s stock worth $14,918,000 after buying an additional 7,080 shares during the last quarter. Finally, Moreno Evelyn V boosted its position in T. Rowe Price Group by 12.0% in the first quarter. Moreno Evelyn V now owns 89,305 shares of the asset manager’s stock worth $6,087,000 after buying an additional 9,545 shares during the last quarter. Institutional investors and hedge funds own 71.86% of the company’s stock.

T. Rowe Price Group, Inc. (NASDAQ TROW) traded down 0.07% on Friday, hitting $82.79. The stock had a trading volume of 1,127,023 shares. T. Rowe Price Group, Inc. has a 52 week low of $62.97 and a 52 week high of $85.42. The company has a 50-day moving average price of $79.43 and a 200-day moving average price of $72.85. The stock has a market capitalization of $19.90 billion, a price-to-earnings ratio of 14.22 and a beta of 1.24.

T. Rowe Price Group (NASDAQ:TROW) last issued its earnings results on Tuesday, July 25th. The asset manager reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.01. T. Rowe Price Group had a return on equity of 24.38% and a net margin of 32.64%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the previous year, the company posted $0.76 EPS. The firm’s revenue was up 12.1% compared to the same quarter last year. Equities research analysts anticipate that T. Rowe Price Group, Inc. will post $5.65 earnings per share for the current fiscal year.

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A number of research analysts have issued reports on TROW shares. Deutsche Bank AG reissued a “hold” rating and issued a $71.00 target price (down from $74.00) on shares of T. Rowe Price Group in a research note on Monday, May 1st. Jefferies Group LLC reissued a “buy” rating and issued a $83.00 target price (down from $84.00) on shares of T. Rowe Price Group in a research note on Monday, April 17th. Citigroup Inc. boosted their target price on T. Rowe Price Group from $73.50 to $90.00 and gave the company a “neutral” rating in a research note on Wednesday, July 26th. Credit Suisse Group boosted their target price on T. Rowe Price Group from $70.00 to $90.00 and gave the company a “neutral” rating in a research note on Wednesday, July 26th. Finally, Morgan Stanley reissued an “underweight” rating and issued a $71.00 target price (up from $70.00) on shares of T. Rowe Price Group in a research note on Tuesday, July 18th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $77.90.

In other T. Rowe Price Group news, insider David Oestreicher sold 10,394 shares of T. Rowe Price Group stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $83.07, for a total transaction of $863,429.58. Following the completion of the transaction, the insider now owns 82,299 shares in the company, valued at approximately $6,836,577.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Anne M. Whittemore sold 8,326 shares of T. Rowe Price Group stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $82.03, for a total value of $682,981.78. Following the transaction, the director now owns 28,982 shares of the company’s stock, valued at approximately $2,377,393.46. The disclosure for this sale can be found here. Insiders own 3.60% of the company’s stock.

About T. Rowe Price Group

T. Rowe Price Group, Inc is a financial services holding company. The Company provides global investment management services through its subsidiaries to investors across the world. The Company provides an array of Company sponsored the United States mutual funds, other sponsored pooled investment vehicles, sub advisory services, separate account management, recordkeeping, and related services to individuals, advisors, institutions, financial intermediaries and retirement plan sponsors.

Institutional Ownership by Quarter for T. Rowe Price Group (NASDAQ:TROW)

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