Alps Advisors Trimmed Stake in T Rowe Price Group (TROW) by $57.35 Million as Shares Rose; Liberty Global Plc (LBTYK) Shareholder Adelphi Capital Llp Has Raised Position

April 22, 2018 - By Clifton Ray

Liberty Global plc (NASDAQ:LBTYK) Logo

Alps Advisors Inc decreased its stake in T Rowe Price Group Inc (TROW) by 96.7% based on its latest 2017Q4 regulatory filing with the SEC. Alps Advisors Inc sold 551,441 shares as the company’s stock rose 0.82% while stock markets declined. The institutional investor held 18,848 shares of the finance company at the end of 2017Q4, valued at $1.98 million, down from 570,289 at the end of the previous reported quarter. Alps Advisors Inc who had been investing in T Rowe Price Group Inc for a number of months, seems to be less bullish one the $26.52 billion market cap company. The stock decreased 0.36% or $0.39 during the last trading session, reaching $108.44. About 786,566 shares traded. T. Rowe Price Group, Inc. (NASDAQ:TROW) has risen 56.88% since April 22, 2017 and is uptrending. It has outperformed by 45.33% the S&P500.

Adelphi Capital Llp increased its stake in Liberty Global Plc (LBTYK) by 2.18% based on its latest 2017Q4 regulatory filing with the SEC. Adelphi Capital Llp bought 73,703 shares as the company’s stock declined 7.44% with the market. The institutional investor held 3.46 million shares of the television services company at the end of 2017Q4, valued at $117.15M, up from 3.39M at the end of the previous reported quarter. Adelphi Capital Llp who had been investing in Liberty Global Plc for a number of months, seems to be bullish on the $24.89 billion market cap company. The stock decreased 1.36% or $0.42 during the last trading session, reaching $30.45. About 1.98 million shares traded. Liberty Global plc (NASDAQ:LBTYK) has declined 10.09% since April 22, 2017 and is downtrending. It has underperformed by 21.64% the S&P500.

Since December 8, 2017, it had 0 insider buys, and 5 insider sales for $14.47 million activity. Wiese Edward A sold $3.06 million worth of T. Rowe Price Group, Inc. (NASDAQ:TROW) on Wednesday, December 13. Shares for $406,356 were sold by HRABOWSKI FREEMAN A III on Thursday, December 14. The insider MORELAND KENNETH V sold $839,833.

Investors sentiment increased to 1 in Q4 2017. Its up 0.09, from 0.91 in 2017Q3. It improved, as 40 investors sold TROW shares while 253 reduced holdings. 95 funds opened positions while 197 raised stakes. 170.77 million shares or 0.35% less from 171.36 million shares in 2017Q3 were reported. Asset Mngmt One has 497,826 shares for 0.12% of their portfolio. 5,500 are held by Cypress Cap Gp. 130,355 are held by Aviva Public Limited Company. Moreover, Southeastern Asset Mgmt Tn has 0.02% invested in T. Rowe Price Group, Inc. (NASDAQ:TROW) for 17,945 shares. 3,150 were accumulated by Tiverton Asset Ltd Co. Bkd Wealth Advsr Limited Liability Corp, a Missouri-based fund reported 25,972 shares. Georgia-based Vident Invest Advisory Ltd has invested 0.16% in T. Rowe Price Group, Inc. (NASDAQ:TROW). Daiwa Secs Grp Inc Inc owns 7,298 shares. Crawford Investment Counsel invested in 0.01% or 2,900 shares. Ww Asset Inc reported 22,649 shares or 0.08% of all its holdings. Hennessy holds 0.1% of its portfolio in T. Rowe Price Group, Inc. (NASDAQ:TROW) for 29,900 shares. Gamble Jones Inv Counsel has 10,480 shares for 0.1% of their portfolio. Putnam Invs Limited Liability Corporation reported 0% of its portfolio in T. Rowe Price Group, Inc. (NASDAQ:TROW). Ipswich Inv Management Communications accumulated 5,574 shares or 0.25% of the stock. 25,250 were accumulated by Park Circle.

Analysts await T. Rowe Price Group, Inc. (NASDAQ:TROW) to report earnings on April, 25 before the open. They expect $1.63 EPS, up 38.14% or $0.45 from last year’s $1.18 per share. TROW’s profit will be $398.69M for 16.63 P/E if the $1.63 EPS becomes a reality. After $1.52 actual EPS reported by T. Rowe Price Group, Inc. for the previous quarter, Wall Street now forecasts 7.24% EPS growth.

Alps Advisors Inc, which manages about $13.32 billion and $14.44 billion US Long portfolio, upped its stake in Cognex Corp (NASDAQ:CGNX) by 5,834 shares to 13,328 shares, valued at $815,000 in 2017Q4, according to the filing. It also increased its holding in Utilities Select Sector Spdr F (XLU) by 14,336 shares in the quarter, for a total of 308,579 shares, and has risen its stake in Vaneck Vectors J.P. Morgan Em.

Among 15 analysts covering T. Rowe Price Group Inc (NASDAQ:TROW), 5 have Buy rating, 2 Sell and 8 Hold. Therefore 33% are positive. T. Rowe Price Group Inc had 80 analyst reports since August 5, 2015 according to SRatingsIntel. Deutsche Bank maintained T. Rowe Price Group, Inc. (NASDAQ:TROW) rating on Thursday, June 16. Deutsche Bank has “Buy” rating and $82 target. The rating was maintained by Deutsche Bank on Tuesday, March 6 with “Hold”. The stock of T. Rowe Price Group, Inc. (NASDAQ:TROW) earned “Hold” rating by Keefe Bruyette & Woods on Monday, May 29. The company was upgraded on Monday, January 8 by Bank of America. The rating was downgraded by Bernstein on Wednesday, August 5 to “Market Perform”. The company was upgraded on Thursday, November 10 by UBS. Argus Research maintained T. Rowe Price Group, Inc. (NASDAQ:TROW) on Friday, January 29 with “Buy” rating. Barclays Capital maintained T. Rowe Price Group, Inc. (NASDAQ:TROW) rating on Thursday, October 13. Barclays Capital has “Equal-Weight” rating and $68 target. The stock has “Equal-Weight” rating by Morgan Stanley on Tuesday, February 13. Deutsche Bank maintained T. Rowe Price Group, Inc. (NASDAQ:TROW) on Monday, August 17 with “Buy” rating.

T. Rowe Price Group, Inc. (NASDAQ:TROW) Institutional Positions Chart

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