T. Rowe Price Group Inc Can’t Be More Safe. Option Traders Like It

 T. Rowe Price Group Inc Can't Be More Safe. Option Traders Like It

In today’s session T. Rowe Price Group Inc (TROW) registered an unusually high (289) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious TROW increase. With 289 contracts traded and 404 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: TROW161216C00065000 closed last at: $1.3 or 54.4% down. About 965,198 shares traded hands. T. Rowe Price Group Inc (NASDAQ:TROW) has declined 13.40% since March 29, 2016 and is downtrending. It has underperformed by 16.87% the S&P500.

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

Out of 10 analysts covering T. Rowe Price Group Inc (NASDAQ:TROW), 2 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 20% are positive. T. Rowe Price Group Inc has been the topic of 46 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock has “Equal-Weight” rating given by Barclays Capital on Thursday, October 13. The rating was maintained by Citigroup with “Neutral” on Wednesday, July 27. The stock of T. Rowe Price Group Inc (NASDAQ:TROW) earned “Neutral” rating by UBS on Friday, October 23. The stock of T. Rowe Price Group Inc (NASDAQ:TROW) earned “Hold” rating by Deutsche Bank on Wednesday, July 20. Bernstein downgraded it to “Market Perform” rating and $87 target price in Wednesday, August 5 report. Susquehanna maintained it with “Positive” rating and $81 target price in Thursday, September 3 report. Wood maintained T. Rowe Price Group Inc (NASDAQ:TROW) rating on Friday, October 14. Wood has “Market Perform” rating and $72 price target. The stock of T. Rowe Price Group Inc (NASDAQ:TROW) has “Sector Perform” rating given on Friday, October 23 by RBC Capital Markets. As per Tuesday, March 15, the company rating was downgraded by Bank of America. Wood maintained T. Rowe Price Group Inc (NASDAQ:TROW) on Thursday, September 3 with “Market Perform” rating.

According to Zacks Investment Research, “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.”

Insitutional Activity: The institutional sentiment decreased to 0.97 in Q2 2016. Its down 0.08, from 1.05 in 2016Q1. The ratio worsened, as 50 funds sold all T. Rowe Price Group Inc shares owned while 236 reduced positions. 48 funds bought stakes while 230 increased positions. They now own 169.28 million shares or 2.44% less from 173.52 million shares in 2016Q1.
New York State Teachers Retirement System has invested 0.09% of its portfolio in T. Rowe Price Group Inc (NASDAQ:TROW). Proshare Advsr Ltd has 0.56% invested in the company for 599,216 shares. Utah Retirement Sys accumulated 44,322 shares or 0.09% of the stock. Assetmark holds 0% or 224 shares in its portfolio. Firstmerit Bancorp N A Trustee holds 0.03% or 5,950 shares in its portfolio. Jpmorgan Chase & Com accumulated 11.34 million shares or 0.21% of the stock. Moreover, Bessemer Grp Inc Inc has 0.02% invested in T. Rowe Price Group Inc (NASDAQ:TROW) for 48,753 shares. Richard Bernstein Advsrs Lc accumulated 31,959 shares or 0.22% of the stock. Bnp Paribas Investment Prtnrs holds 98,316 shares or 0.06% of its portfolio. The Ontario – Canada-based Omers Administration has invested 0.02% in T. Rowe Price Group Inc (NASDAQ:TROW). Verition Fund Limited Liability Corp last reported 0.15% of its portfolio in the stock. Commercial Bank Va owns 35,045 shares or 2.52% of their US portfolio. Lowe Brockenbrough Company Inc owns 23,867 shares or 0.3% of their US portfolio. Shinko Asset Company accumulated 657 shares or 0% of the stock. Moreover, Whittier Tru has 0.02% invested in T. Rowe Price Group Inc (NASDAQ:TROW) for 5,834 shares.

T. Rowe Price Group, Inc. is a financial services holding company. The company has a market cap of $15.90 billion. The Firm provides global investment management services to individual and institutional investors in the sponsored T. It has a 14.37 P/E ratio. Rowe Price mutual funds distributed in the United States and other investment portfolios.

TROW Company Profile

T. Rowe Price Group, Inc., incorporated on February 4, 2000, is a financial services holding company. The Firm provides global investment management services through its subsidiaries to individual and institutional investors in the sponsored T. Rowe Price mutual funds distributed in the United States and other investment portfolios. The Firm operates through investment advisory business segment. The Company’s assets under management are accumulated from a client base across over four primary distribution channels, including third-party financial intermediaries that distribute its managed investment portfolios in the United States and other countries; individual the United States investors on a direct basis; the United States defined contribution retirement plans, and institutional investors across the globe. The assets that it manages include a range of the United States and international stock, blended asset, bond and money market mutual funds, and other investment portfolios. It offers advisory services and a distribution management service. It provides administrative services as ancillary services to its investment advisory clients.

More recent T. Rowe Price Group Inc (NASDAQ:TROW) news were published by: Wsj.com which released: “T. Rowe Price Pushes Oracle to Boost NetSuite Bid” on October 28, 2016. Also Nasdaq.com published the news titled: “Commit To Purchase T Rowe Price Group At $55, Earn 2.8% Annualized Using Options” on October 25, 2016. Baltimoresun.com‘s news article titled: “T. Rowe Price-managed 529 college savings plan for Maryland downgraded to silver” with publication date: October 26, 2016 was also an interesting one.

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