Which institution holds the most shares in T. Rowe Price Group Inc. (TROW)

T. Rowe Price Group Inc. (NASDAQ: TROW) is 1.13% higher on its value in year-to-date trading and has touched a low of $87.43 and a high of $132.76 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TROW stock was last observed hovering at around $109.73 in the last trading session, with the day’s loss setting it -0.82%.

Currently trading at $108.91, the stock is -0.32% and 2.59% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.96 million and changing -0.75% at the moment leaves the stock 1.69% off its SMA200. TROW registered -12.05% loss for a year compared to 6-month loss of -3.63%. The firm has a 50-day simple moving average (SMA 50) of $3.49 and a 200-day simple moving average (SMA200) of $8.19.

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The stock witnessed a 2.52% gain in the last 1 month and extending the period to 3 months gives it a 15.73%, and is -0.87% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.46% over the week and 2.37% over the month.

T. Rowe Price Group Inc. (TROW) has around 7868 employees, a market worth around $24.34B and $6.46B in sales. Current P/E ratio is 14.04 and Fwd P/E is 13.92. Profit margin for the company is 27.00%. Distance from 52-week low is 24.57% and -17.96% from its 52-week high. The company has generated returns on investments over the last 12 months (17.79%).

T. Rowe Price Group Inc. quarterly earnings per share for the current quarter are estimated at $1.6 with sales reaching $1.61B over the same period.The EPS is expected to grow by 0.21% this year, but quarterly earnings will post -0.10% year-over-year. Quarterly sales are estimated to grow 5.80% in year-over-year returns.

1,382 institutions hold shares in T. Rowe Price Group Inc. (TROW), with institutional investors hold 79.11% of the company’s shares. The shares outstanding are 223.90M, and float is at 218.51M with Short Float at 6.58%. Institutions hold 77.53% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 26.51 million shares valued at $2.97 billion. The investor’s holdings represent 11.82% of the TROW Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 20.29 million shares valued at $2.27 billion to account for 9.05% of the shares outstanding. The other top investors are State Street Corporation which holds 14.48 million shares representing 6.46% and valued at over $1.62 billion, while Sarofim, Fayez & Co holds 3.34% of the shares totaling 7.49 million with a market value of $839.19 million.

T. Rowe Price Group Inc. (TROW) Insider Activity

A total of 19 insider transactions have happened at T. Rowe Price Group Inc. (TROW) in the last six months, with sales accounting for 7 and purchases happening 12 times. The most recent transaction is an insider sale by Thomson Andrew Justin Mackenzi, the company’s Vice President. SEC filings show that Thomson Andrew Justin Mackenzi sold 11,969 shares of the company’s common stock on Dec 18 at a price of $105.91 per share for a total of $1.27 million. Following the sale, the insider now owns 0.12 million shares.

T. Rowe Price Group Inc. disclosed in a document filed with the SEC on Dec 12 that Higginbotham Robert C.T. (Vice President) sold a total of 5,977 shares of the company’s common stock. The trade occurred on Dec 12 and was made at $99.41 per share for $0.59 million. Following the transaction, the insider now directly holds 32185.0 shares of the TROW stock.

Still, SEC filings show that on Dec 08, Thomson Andrew Justin Mackenzi (Vice President) disposed off 5,812 shares at an average price of $98.71 for $0.57 million. The insider now directly holds 123,624 shares of T. Rowe Price Group Inc. (TROW).

T. Rowe Price Group Inc. (TROW): Who are the competitors?

One of the company’s main competitors (and peers) include State Street Corp. (STT) that is trading -21.81% down over the past 12 months.Ares Management Corp. (ARES) lies in the list of competitors of the T. Rowe Price Group Inc. and is 58.84% higher over the same period from TROWRaymond James Financial Inc. (RJF) is 0.70% up on the 1-year trading charts.