Sprucegrove Investment Management Ltd. Sells 104,210 Shares of T. Rowe Price Group, Inc. $TROW

Posted by Brian Himes on May 6th, 2026

Sprucegrove Investment Management Ltd. lessened its holdings in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW – Free Report) by 64.2% during the fourth quarter, Holdings Channel reports. The firm owned 58,158 shares of the asset manager’s stock after selling 104,210 shares during the quarter. T. Rowe Price Group makes up about 0.7% of Sprucegrove Investment Management Ltd.’s investment portfolio, making the stock its 15th biggest position. Sprucegrove Investment Management Ltd.’s holdings in T. Rowe Price Group were worth $5,954,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of T. Rowe Price Group by 540.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 282 shares of the asset manager’s stock valued at $29,000 after buying an additional 238 shares during the period. Root Financial Partners LLC purchased a new stake in T. Rowe Price Group in the third quarter worth $30,000. Canton Hathaway LLC purchased a new stake in T. Rowe Price Group in the fourth quarter worth $31,000. Sound Income Strategies LLC boosted its holdings in T. Rowe Price Group by 170.3% in the fourth quarter. Sound Income Strategies LLC now owns 300 shares of the asset manager’s stock valued at $32,000 after acquiring an additional 189 shares in the last quarter. Finally, Quent Capital LLC purchased a new position in T. Rowe Price Group during the 3rd quarter valued at $39,000. Institutional investors own 73.39% of the company’s stock.

T. Rowe Price Group Price Performance

NASDAQ:TROW opened at $104.11 on Wednesday. The firm’s 50-day moving average price is $93.04 and its 200-day moving average price is $99.18. The company has a market capitalization of $22.31 billion, a PE ratio of 11.16, a P/E/G ratio of 4.53 and a beta of 1.51. T. Rowe Price Group, Inc. has a 1-year low of $85.22 and a 1-year high of $118.22.

T. Rowe Price Group (NASDAQ:TROW – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The asset manager reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.15. T. Rowe Price Group had a net margin of 28.28% and a return on equity of 20.60%. The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same period last year, the company posted $2.23 EPS. T. Rowe Price Group’s revenue was up 5.3% on a year-over-year basis. Equities analysts anticipate that T. Rowe Price Group, Inc. will post 9.57 EPS for the current fiscal year.

T. Rowe Price Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Monday, March 16th were issued a dividend of $1.30 per share. The ex-dividend date was Monday, March 16th. This is a positive change from T. Rowe Price Group’s previous quarterly dividend of $1.27. This represents a $5.20 annualized dividend and a dividend yield of 5.0%. T. Rowe Price Group’s dividend payout ratio (DPR) is 55.73%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on TROW shares. Evercore set a $104.00 target price on shares of T. Rowe Price Group in a research report on Friday. Jefferies Financial Group reduced their price target on shares of T. Rowe Price Group from $107.00 to $91.00 and set a “hold” rating on the stock in a research report on Wednesday, April 8th. Keefe, Bruyette & Woods increased their price target on shares of T. Rowe Price Group from $95.00 to $107.00 and gave the stock a “market perform” rating in a research note on Friday, May 1st. TD Cowen raised their price objective on shares of T. Rowe Price Group from $93.00 to $94.00 and gave the stock a “hold” rating in a report on Friday. Finally, Argus upgraded T. Rowe Price Group to a “hold” rating in a report on Thursday, February 5th. Ten investment analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $99.54.

Read Our Latest Research Report on TROW

T. Rowe Price Group Profile

(Free Report)

T. Rowe Price Group, Inc is a global investment management firm headquartered in Baltimore, Maryland, founded by Thomas Rowe Price Jr. in 1937. The company provides a broad range of investment products and services for individual investors, financial intermediaries, retirement plan sponsors and institutional clients. Its offerings are built around active investment management and in-house research across equity, fixed income and multi-asset strategies, reflecting a long history as a research-driven asset manager.

The firm’s product lineup includes mutual funds, separate accounts, collective investment trusts, target-date and target-risk funds, and managed account solutions, as well as services for defined contribution and defined benefit retirement plans.