66,575 Shares in T. Rowe Price Group, Inc. $TROW Bought by Wealthfront Advisers LLC

Posted by Brenda Bartman on Aug 20th, 2026

Wealthfront Advisers LLC bought a new position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW – Free Report) during the second quarter, HoldingsChannel.com reports. The firm bought 66,575 shares of the asset manager’s stock, valued at approximately $7,569,000.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of T. Rowe Price Group in the 2nd quarter worth about $2,728,119,000. Goldman Sachs Group Inc. raised its position in T. Rowe Price Group by 332.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 8,770,071 shares of the asset manager’s stock worth $897,880,000 after acquiring an additional 6,740,172 shares during the last quarter. First Trust Advisors LP raised its position in T. Rowe Price Group by 126.5% during the fourth quarter. First Trust Advisors LP now owns 3,280,854 shares of the asset manager’s stock worth $335,894,000 after acquiring an additional 1,832,231 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of T. Rowe Price Group in the second quarter valued at about $167,984,000. Finally, Norges Bank purchased a new stake in shares of T. Rowe Price Group in the fourth quarter valued at about $128,283,000. Hedge funds and other institutional investors own 73.39% of the company’s stock.

T. Rowe Price Group Stock Up 1.7%

Shares of NASDAQ TROW opened at $112.23 on Thursday. The stock has a market capitalization of $23.94 billion, a PE ratio of 11.26, a P/E/G ratio of 4.29 and a beta of 1.47. The firm has a fifty day moving average of $113.83 and a 200-day moving average of $102.76. T. Rowe Price Group, Inc. has a 52-week low of $85.22 and a 52-week high of $122.00.

T. Rowe Price Group (NASDAQ:TROW – Get Free Report) last released its quarterly earnings data on Friday, July 31st. The asset manager reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.05. T. Rowe Price Group had a return on equity of 20.91% and a net margin of 29.26%.The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same period last year, the business posted $2.24 EPS. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. Equities research analysts expect that T. Rowe Price Group, Inc. will post 10.13 EPS for the current fiscal year.

T. Rowe Price Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be issued a dividend of $1.30 per share. The ex-dividend date is Tuesday, September 15th. This represents a $5.20 annualized dividend and a dividend yield of 4.6%. T. Rowe Price Group’s payout ratio is presently 52.16%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TROW. Zacks Research lowered T. Rowe Price Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 13th. Barclays reduced their target price on shares of T. Rowe Price Group from $108.00 to $103.00 and set an “underweight” rating on the stock in a report on Monday, August 3rd. JPMorgan Chase & Co. decreased their price target on shares of T. Rowe Price Group from $106.00 to $103.00 and set an “underweight” rating on the stock in a research note on Friday, April 24th. The Goldman Sachs Group lifted their price target on shares of T. Rowe Price Group from $90.00 to $92.00 and gave the stock a “sell” rating in a report on Tuesday, June 30th. Finally, BMO Capital Markets boosted their price objective on shares of T. Rowe Price Group from $110.00 to $120.00 and gave the company a “market perform” rating in a research report on Monday, August 3rd. Ten analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $105.67.

Read Our Latest Stock Report on TROW

About T. Rowe Price Group

(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.