Ritholtz Wealth Management Invests $827,000 in T. Rowe Price Group, Inc. $TROW

Posted by Stanley Muller on Jun 30th, 2026

Ritholtz Wealth Management bought a new stake in T. Rowe Price Group, Inc. (NASDAQ:TROW – Free Report) in the first quarter, HoldingsChannel reports. The firm bought 9,177 shares of the asset manager’s stock, valued at approximately $827,000.

Other hedge funds also recently made changes to their positions in the company. Live Oak Private Wealth LLC purchased a new stake in T. Rowe Price Group in the first quarter worth $685,000. Davis Investment Partners LLC lifted its position in T. Rowe Price Group by 5.4% during the first quarter. Davis Investment Partners LLC now owns 5,743 shares of the asset manager’s stock valued at $518,000 after buying an additional 292 shares during the period. RFG Advisory LLC lifted its position in T. Rowe Price Group by 8.8% during the first quarter. RFG Advisory LLC now owns 2,358 shares of the asset manager’s stock valued at $213,000 after buying an additional 191 shares during the period. OP Asset Management Ltd bought a new stake in shares of T. Rowe Price Group during the 1st quarter valued at $2,066,000. Finally, Banque Cantonale Vaudoise bought a new stake in shares of T. Rowe Price Group during the 1st quarter valued at $203,000. 73.39% of the stock is currently owned by institutional investors.

T. Rowe Price Group Price Performance

TROW opened at $114.38 on Tuesday. The firm has a market cap of $24.51 billion, a PE ratio of 12.26, a P/E/G ratio of 5.67 and a beta of 1.50. The stock has a 50-day moving average price of $104.32 and a 200-day moving average price of $99.99. 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 announced its quarterly earnings data on Thursday, April 30th. The asset manager reported $2.52 EPS for the quarter, beating the consensus estimate of $2.37 by $0.15. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.85 billion. T. Rowe Price Group had a net margin of 28.28% and a return on equity of 20.60%. T. Rowe Price Group’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.23 EPS. As a group, sell-side analysts anticipate that T. Rowe Price Group, Inc. will post 9.58 EPS for the current year.

T. Rowe Price Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Monday, June 15th were issued a dividend of $1.30 per share. The ex-dividend date was Monday, June 15th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.5%. T. Rowe Price Group’s dividend payout ratio is presently 55.73%.

Insider Activity at T. Rowe Price Group

In related news, VP Stephon A. Jackson sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $102.56, for a total transaction of $307,680.00. Following the completion of the sale, the vice president owned 83,883 shares of the company’s stock, valued at $8,603,040.48. This trade represents a 3.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

TROW has been the subject of several research reports. Zacks Research upgraded shares of T. Rowe Price Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 13th. Evercore boosted their price objective on shares of T. Rowe Price Group from $106.00 to $111.00 in a research note on Monday, June 8th. TD Cowen upped 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, May 1st. The Goldman Sachs Group lifted their target price on shares of T. Rowe Price Group from $85.00 to $90.00 in a report on Friday, May 1st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of T. Rowe Price Group in a research report on Friday, May 8th. Eleven analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $100.38.

Check Out Our Latest Analysis 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.