As Northern Oil & Gas Common (NOG) Stock Value Rose, Stonehill Capital Management Has Boosted Position; As Price T Rowe Group (TROW) Market Valuation Rose, Vident Investment Advisory Boosted Its Stake

May 6, 2018 - By Stephen Andrade

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

Vident Investment Advisory Llc increased its stake in Price T Rowe Group Inc (TROW) by 9.42% based on its latest 2017Q4 regulatory filing with the SEC. Vident Investment Advisory Llc bought 2,998 shares as the company’s stock rose 0.82% while stock markets declined. The institutional investor held 34,822 shares of the finance company at the end of 2017Q4, valued at $3.65 million, up from 31,824 at the end of the previous reported quarter. Vident Investment Advisory Llc who had been investing in Price T Rowe Group Inc for a number of months, seems to be bullish on the $27.11B market cap company. The stock increased 2.31% or $2.53 during the last trading session, reaching $111.97. About 805,426 shares traded. T. Rowe Price Group, Inc. (NASDAQ:TROW) has risen 56.88% since May 6, 2017 and is uptrending. It has outperformed by 45.33% the S&P500.

Stonehill Capital Management Llc increased its stake in Northern Oil & Gas Inc Common (NOG) by 161.29% based on its latest 2017Q4 regulatory filing with the SEC. Stonehill Capital Management Llc bought 1.25M shares as the company’s stock rose 5.95% while stock markets declined. The hedge fund held 2.03 million shares of the energy company at the end of 2017Q4, valued at $4.15 million, up from 775,000 at the end of the previous reported quarter. Stonehill Capital Management Llc who had been investing in Northern Oil & Gas Inc Common for a number of months, seems to be bullish on the $220.89M market cap company. The stock increased 4.17% or $0.07 during the last trading session, reaching $1.75. About 1.89 million shares traded. Northern Oil and Gas, Inc. (NYSEMKT:NOG) has declined 27.35% since May 6, 2017 and is downtrending. It has underperformed by 38.90% the S&P500.

Among 4 analysts covering Northern Oil & Gas (NYSEMKT:NOG), 0 have Buy rating, 1 Sell and 3 Hold. Therefore 0 are positive. Northern Oil & Gas had 10 analyst reports since July 21, 2015 according to SRatingsIntel. Cowen & Co downgraded the stock to “Underperform” rating in Tuesday, September 8 report. As per Friday, May 20, the company rating was maintained by Wunderlich. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Thursday, December 15.

Vident Investment Advisory Llc, which manages about $243.53 million and $2.22B US Long portfolio, decreased its stake in Charter Communications Inc N by 1,128 shares to 3,860 shares, valued at $1.30 million in 2017Q4, according to the filing. It also reduced its holding in Wellcare Health Plans Inc (NYSE:WCG) by 2,046 shares in the quarter, leaving it with 17,747 shares, and cut its stake in Amerisourcebergen Corp (NYSE:ABC).

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 82 analyst reports since August 5, 2015 according to SRatingsIntel. The rating was maintained by Citigroup with “Neutral” on Wednesday, July 26. The firm earned “Market Perform” rating on Wednesday, August 5 by Bernstein. The firm has “Buy” rating given on Friday, January 29 by Argus Research. Goldman Sachs upgraded the stock to “Buy” rating in Thursday, September 28 report. On Thursday, February 22 the stock rating was maintained by Citigroup with “Neutral”. The stock of T. Rowe Price Group, Inc. (NASDAQ:TROW) earned “Hold” rating by Keefe Bruyette & Woods on Thursday, September 28. The stock has “Buy” rating by Jefferies on Tuesday, October 10. The stock of T. Rowe Price Group, Inc. (NASDAQ:TROW) has “Hold” rating given on Sunday, August 27 by Keefe Bruyette & Woods. Deutsche Bank maintained T. Rowe Price Group, Inc. (NASDAQ:TROW) rating on Friday, April 6. Deutsche Bank has “Hold” rating and $114 target. The rating was maintained by RBC Capital Markets on Friday, October 23 with “Sector Perform”.

Since December 8, 2017, it had 0 insider buys, and 5 sales for $14.47 million activity. Wiese Edward A sold $3.06M worth of stock or 30,000 shares. Another trade for 8,066 shares valued at $839,833 was made by MORELAND KENNETH V on Tuesday, January 2. $406,356 worth of T. Rowe Price Group, Inc. (NASDAQ:TROW) was sold by HRABOWSKI FREEMAN A III.

More recent T. Rowe Price Group, Inc. (NASDAQ:TROW) news were published by: Bizjournals.com which released: “T. Rowe Price’s head of fixed income to retire next year” on May 03, 2018. Also Bizjournals.com published the news titled: “Here’s how much more CEOs at Baltimore public companies make than their employees” on May 05, 2018. Bizjournals.com‘s news article titled: “T-Mobile, Sprint merger could have big implications for T. Rowe Price funds” with publication date: May 03, 2018 was also an interesting one.

Investors sentiment increased to 1 in 2017 Q4. Its up 0.09, from 0.91 in 2017Q3. It increased, 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. Provident Inv Management invested 0.07% of its portfolio in T. Rowe Price Group, Inc. (NASDAQ:TROW). Canandaigua Bank & Trust And Tru Com holds 0.22% or 11,862 shares in its portfolio. Nexus Invest Mngmt, a Ontario – Canada-based fund reported 16,150 shares. Hbk Sorce Advisory Ltd Liability Corporation holds 3,554 shares or 0.04% of its portfolio. Leavell Investment Management invested in 0.05% or 3,900 shares. Sequoia Finance Ltd Com holds 0.33% or 29,867 shares in its portfolio. Eqis Cap Management invested in 2,901 shares or 0.02% of the stock. State Of New Jersey Common Pension Fund D holds 0.06% of its portfolio in T. Rowe Price Group, Inc. (NASDAQ:TROW) for 149,500 shares. Aqr Cap Management Limited Liability holds 0.07% of its portfolio in T. Rowe Price Group, Inc. (NASDAQ:TROW) for 604,254 shares. Clarkston Prns Lc holds 40,986 shares or 0.17% of its portfolio. Scotia Cap Incorporated holds 0% of its portfolio in T. Rowe Price Group, Inc. (NASDAQ:TROW) for 2,573 shares. Kames Public Ltd owns 2.5% invested in T. Rowe Price Group, Inc. (NASDAQ:TROW) for 941,104 shares. Panagora Asset Mgmt holds 0.01% of its portfolio in T. Rowe Price Group, Inc. (NASDAQ:TROW) for 16,715 shares. Chem Bancorporation holds 0.12% or 10,240 shares. Bp Public Ltd Company reported 28,000 shares stake.

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

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