Shares of T. Rowe Price Group, Inc. (TROW) Sees Large Inflow of Net Money Flow

Shares of T. Rowe Price Group, Inc. (TROW) saw an erosion of -0.41 points in recent session. During the trading, the value of each share was $67.03, dropping -0.61%. The shares saw high fund-flow as the composite value of all the upticks was $20.21 million and the total value of all the downticks was a mere $15.56 million. The net money flow was seen at $4.65 million and the up/down ratio was measured at 1.3. On a weekly basis the shares of the shares has recorded a change of -3.4%.The block trade which occurred today had $6.69 million in upticks and $1.8 million in downticks with the up/down ratio climbing to 3.72. $4.89 million was the net money flow of the block transaction.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

T. Rowe Price Group, Inc. has lost 9.99% in the last five trading days and dropped 11.28% in the last 4 weeks. T. Rowe Price Group, Inc. is up 5.06% in the last 3-month period. Year-to-Date the stock performance stands at -11.28%. T. Rowe Price Group, Inc. (NASDAQ:TROW) witnessed a decline in the market cap on Wednesday as its shares dropped 0.99% or 0.67 points. After the session commenced at $68.09, the stock reached the higher end at $68.43 while it hit a low of $66.59. With the volume soaring to 2,988,044 shares, the last trade was called at $66.77. The company has a 52-week high of $79. The company has a market cap of $16,345 million and there are 244,800,000 shares in outstanding. The 52-week low of the share price is $62.97.

Company has reported several Insider transactions to the SEC, on Dec 22, 2016, Christopher D Alderson (Vice President) sold 133,244 shares at 77.67 per share price.On Dec 13, 2016, Edward A Wiese (Vice President) sold 3,000 shares at 76.12 per share price.On Apr 29, 2016, James A C Kennedy (director) sold 50,000 shares at 77.75 per share price.

T. Rowe Price Group Inc Last issued its quarterly earnings results on Jan 26, 2017. The company reported $1.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.17. Analyst had a consensus of $1.33. The company had revenue of $1091.20 million for the quarter, compared to analysts expectations of $1098.15 million. The companys revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.17 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Upgraded by UBS on Nov 10, 2016 to Buy, Raises Price Target to $ 82 from a previous price target of $66 .

T. Rowe Price Associates, Inc. is an investment adviser to individual and institutional investors in the sponsored T. Rowe Price Mutual Funds and other investment portfolios, including those of defined benefit and defined contribution retirement plans, trusts, and other mutual funds, some of which hold the assets of variable annuity insurance contracts.


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