T. Rowe Price Group, Inc. $TROW Stock: First Citizens Bank & Trust Co. Trims Position

Posted by Francis Steltz on Oct 14th, 2026

First Citizens Bank & Trust Co. lessened its stake in T. Rowe Price Group, Inc. (NASDAQ:TROW – Free Report) by 27.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 136,155 shares of the asset manager’s stock after selling 50,721 shares during the period. First Citizens Bank & Trust Co.’s holdings in T. Rowe Price Group were worth $14,167,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in T. Rowe Price Group during the 2nd quarter worth $2,728,119,000. State Street Corp boosted its stake in T. Rowe Price Group by 2.7% in the second quarter. State Street Corp now owns 14,653,478 shares of the asset manager’s stock valued at $1,665,954,000 after acquiring an additional 381,183 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of T. Rowe Price Group by 20.0% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,150,561 shares of the asset manager’s stock worth $358,187,000 after purchasing an additional 524,544 shares in the last quarter. First Trust Advisors LP raised its position in T. Rowe Price Group by 12.6% in the 1st quarter. First Trust Advisors LP now owns 3,694,171 shares of the asset manager’s stock valued at $332,993,000 after purchasing an additional 413,317 shares during the last quarter. Finally, Provident Trust Co. grew its stake in shares of T. Rowe Price Group by 0.4% in the 2nd quarter. Provident Trust Co. now owns 2,061,353 shares of the asset manager’s stock valued at $234,355,000 after purchasing an additional 8,524 shares during the last quarter. 73.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, VP Joshua Nelson sold 10,000 shares of the stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $111.82, for a total transaction of $1,118,200.00. Following the transaction, the vice president directly owned 71,328 shares in the company, valued at $7,975,896.96. This represents a 12.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.60% of the stock is owned by company insiders.

T. Rowe Price Group Stock Down 2.5%

TROW stock opened at $101.39 on Wednesday. T. Rowe Price Group, Inc. has a 52-week low of $85.22 and a 52-week high of $122.00. The stock’s fifty day simple moving average is $108.09 and its 200-day simple moving average is $106.55. The stock has a market capitalization of $21.63 billion, a price-to-earnings ratio of 10.06, a price-to-earnings-growth ratio of 4.50 and a beta of 1.45.

T. Rowe Price Group (NASDAQ:TROW – Get Free Report) last announced its quarterly earnings data on Friday, July 31st. The asset manager reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.05. The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.89 billion. T. Rowe Price Group had a return on equity of 20.91% and a net margin of 29.26%. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.24 earnings per share. As a group, analysts anticipate that T. Rowe Price Group, Inc. will post 10.13 earnings per share for the current fiscal year.

T. Rowe Price Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th were issued a $1.30 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $5.20 annualized dividend and a yield of 5.1%. T. Rowe Price Group’s payout ratio is 52.16%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Evercore set a $109.00 price target on T. Rowe Price Group in a research note on Friday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $109.00 price objective on shares of T. Rowe Price Group in a report on Monday, August 3rd. The Goldman Sachs Group raised their price target on T. Rowe Price Group from $90.00 to $92.00 and gave the company a “sell” rating in a research report on Tuesday, June 30th. TD Cowen lowered their price target on shares of T. Rowe Price Group from $110.00 to $109.00 and set a “hold” rating on the stock in a research report on Monday. Finally, Weiss Ratings upgraded shares of T. Rowe Price Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, September 4th. One research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, T. Rowe Price Group currently has a consensus rating of “Reduce” and an average price target of $104.15.

View Our Latest Stock 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. The company provides investment strategies and related services to individual investors, retirement plans, financial intermediaries, institutions, and other clients.

Its offerings include actively managed mutual funds, exchange-traded funds, separately managed accounts, collective investment trusts, and other portfolio solutions. T. Rowe Price invests across equity, fixed-income, multi-asset, and alternative strategies, and also provides retirement planning, asset allocation, advisory, and investment research services.

Founded in 1937 by Thomas Rowe Price Jr., the company serves clients through operations and distribution relationships in the United States and international markets.