What’s T. Rowe Price Group Inc (NASDAQ:TROW) Upside After This Short Interest Increase?

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 increased, 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.
Kentucky Retirement invested in 0.12% or 10,280 shares. Cibc Asset Management accumulated 22,599 shares or 0.02% of the stock. Confluence Inv Management Limited Liability Co holds 0.36% of its portfolio in T. Rowe Price Group, Inc. (NASDAQ:TROW) for 177,979 shares. Johnson Gp holds 0% of its portfolio in T. Rowe Price Group, Inc. (NASDAQ:TROW) for 135 shares. Bryn Mawr invested 0.04% of its portfolio in T. Rowe Price Group, Inc. (NASDAQ:TROW). Element Cap Llc invested 0.02% in T. Rowe Price Group, Inc. (NASDAQ:TROW). Stephens Ar holds 0.16% of its portfolio in T. Rowe Price Group, Inc. (NASDAQ:TROW) for 44,791 shares. Toronto Dominion State Bank, Ontario – Canada-based fund reported 155,887 shares. Clark Capital Mgmt Gru Incorporated has invested 0.06% in T. Rowe Price Group, Inc. (NASDAQ:TROW). Ftb Advisors Inc accumulated 0% or 291 shares. Banque Pictet & Cie has 77,488 shares for 0.18% of their portfolio. Plante Moran Advsrs Ltd Liability Corp invested 0% of its portfolio in T. Rowe Price Group, Inc. (NASDAQ:TROW). Zevin Asset Management Ltd Liability Corporation has invested 0.07% in T. Rowe Price Group, Inc. (NASDAQ:TROW). Aviance Capital Partners Lc accumulated 17,247 shares. Financial Bank Of Hawaii has 6,282 shares.

Since May 30, 2018, it had 0 insider buys, and 6 sales for $18.37 million activity. HRABOWSKI FREEMAN A III sold 4,500 shares worth $547,842. Shares for $5.08M were sold by Alderson Christopher D. 21,000 shares were sold by Stromberg William J, worth $2.64M on Tuesday, June 12. $4.55 million worth of T. Rowe Price Group, Inc. (NASDAQ:TROW) shares were sold by Robert W. Sharps. MacLellan Robert F. also sold $612,898 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 5.33M 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 2.00 million 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 rating was maintained by Deutsche Bank on Thursday, October 11 with “Hold”. The stock of T. Rowe Price Group, Inc. (NASDAQ:TROW) has “Equal-Weight” rating given on Thursday, July 12 by Morgan Stanley. The stock of T. Rowe Price Group, Inc. (NASDAQ:TROW) has “Market Perform” rating given on Friday, July 13 by Wells Fargo. The firm has “Buy” rating by Deutsche Bank given on Wednesday, May 16. UBS maintained it with “Neutral” rating and $117 target in Thursday, April 26 report. On Thursday, May 24 the stock rating was maintained by UBS with “Neutral”. The firm has “Neutral” rating by UBS given on Monday, October 8. Barclays Capital maintained T. Rowe Price Group, Inc. (NASDAQ:TROW) on Monday, April 23 with “Underweight” rating. Credit Suisse upgraded the stock to “Buy” rating in Wednesday, May 16 report. The firm has “Buy” rating given on Thursday, August 16 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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