Time to Reconsider T. Rowe Price Group Inc (NASDAQ:TROW) After More Short Sellers?

October 13, 2018 - By Linda Rogers

T. Rowe Price Group, Inc. (NASDAQ:TROW) Logo

Investors sentiment increased to 0.82 in Q2 2018. Its up 0.12, from 0.7 in 2018Q1. It improved, as 35 investors sold T. Rowe Price Group, Inc. shares while 284 reduced holdings. 76 funds opened positions while 184 raised stakes. 166.77 million shares or 1.58% less from 169.45 million shares in 2018Q1 were reported.
The New York-based Amer Gru has invested 0.05% in T. Rowe Price Group, Inc. (NASDAQ:TROW). Cookson Peirce & Company Inc owns 104,781 shares. Bkd Wealth Limited Liability has invested 0.27% of its portfolio in T. Rowe Price Group, Inc. (NASDAQ:TROW). Cornerstone Advsr has invested 0.14% in T. Rowe Price Group, Inc. (NASDAQ:TROW). Price T Rowe Assocs Incorporated Md holds 0.01% or 394,057 shares. Amica Pension Fund Board Of Trustees owns 7,349 shares or 0.12% of their US portfolio. Minnesota-based Kopp Inv Ltd Liability Company has invested 0.81% in T. Rowe Price Group, Inc. (NASDAQ:TROW). Rodgers Brothers accumulated 0.09% or 2,438 shares. Millennium Mgmt Limited Liability Company has invested 0% in T. Rowe Price Group, Inc. (NASDAQ:TROW). Accuvest Glob holds 3,657 shares or 0.16% of its portfolio. Ent Services holds 0.01% of its portfolio in T. Rowe Price Group, Inc. (NASDAQ:TROW) for 222 shares. State Of Wisconsin Board has 0.09% invested in T. Rowe Price Group, Inc. (NASDAQ:TROW). Cibc Ww Corp has 41,251 shares for 0.04% of their portfolio. Acropolis Invest Management Limited Liability reported 959 shares stake. Bancorp Of Hawaii accumulated 6,282 shares or 0.06% of the stock.

Since May 30, 2018, it had 0 insider buys, and 6 sales for $18.37 million activity. Stromberg William J had sold 21,000 shares worth $2.64 million. Shares for $612,898 were sold by MacLellan Robert F. on Wednesday, May 30. Shares for $4.95M were sold by Wiese Edward A on Wednesday, June 13. Robert W. Sharps sold $4.55 million worth of T. Rowe Price Group, Inc. (NASDAQ:TROW) on Tuesday, June 12. Alderson Christopher D also sold $5.08 million worth of T. Rowe Price Group, Inc. (NASDAQ:TROW) shares.

The stock of T. Rowe Price Group Inc (NASDAQ:TROW) registered an increase of 2.65% in short interest. TROW’s total short interest was 5.33 million shares in October as published by FINRA. Its up 2.65% from 5.19 million shares, reported previously. With 868,000 shares average volume, it will take short sellers 6 days to cover their TROW’s short positions. The short interest to T. Rowe Price Group Inc’s float is 2.25%.

The stock increased 1.73% or $1.7 during the last trading session, reaching $100.21. About 2.00M shares traded or 73.56% up from the average. T. Rowe Price Group, Inc. (NASDAQ:TROW) has risen 29.78% since October 13, 2017 and is uptrending. It has outperformed by 14.16% the S&P500.

T. Rowe Price Group, Inc. is a publicly owned investment manager. The company has market cap of $24.37 billion. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. It has a 15.45 P/E ratio. It launches and manages equity and fixed income mutual funds.

T. Rowe Price Group, Inc. (NASDAQ:TROW) Ratings Coverage

Among 6 analysts covering T. Rowe Price Group (NASDAQ:TROW), 1 have Buy rating, 1 Sell and 4 Hold. Therefore 17% are positive. T. Rowe Price Group had 13 analyst reports since April 23, 2018 according to SRatingsIntel. The stock of T. Rowe Price Group, Inc. (NASDAQ:TROW) earned “Buy” rating by Deutsche Bank on Wednesday, May 16. Deutsche Bank downgraded T. Rowe Price Group, Inc. (NASDAQ:TROW) on Friday, September 7 to “Hold” rating. Wells Fargo maintained it with “Market Perform” rating and $124 target in Friday, July 13 report. The firm has “Neutral” rating given on Monday, October 8 by UBS. Barclays Capital maintained the stock with “Underweight” rating in Monday, April 23 report. Credit Suisse upgraded the stock to “Buy” rating in Wednesday, May 16 report. UBS maintained T. Rowe Price Group, Inc. (NASDAQ:TROW) rating on Thursday, April 26. UBS has “Neutral” rating and $117 target. The firm has “Equal-Weight” rating given on Tuesday, October 9 by Morgan Stanley. The firm has “Equal-Weight” rating given on Thursday, July 12 by Morgan Stanley. The stock of T. Rowe Price Group, Inc. (NASDAQ:TROW) has “Hold” rating given on Thursday, September 27 by Deutsche Bank.

Another recent and important T. Rowe Price Group, Inc. (NASDAQ:TROW) news was published by Seekingalpha.com which published an article titled: “US VC Investments Headed For $100B Year” on October 13, 2018.

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

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