T. Rowe Price Group Shares Sold by First Trust Advisors

Asset manager's stock ownership reduced by 57.9% in Q3

Published on Mar. 9, 2026

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First Trust Advisors LP reduced its position in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 57.9% in the third quarter, according to a recent SEC filing. The fund now owns 1,448,623 shares of the asset manager's stock, down from 3,441,458 shares previously.

Why it matters

T. Rowe Price is one of the largest independent asset management firms in the U.S., managing over $1.3 trillion in assets. Changes in ownership by major institutional investors can signal shifts in market sentiment and outlook for the company.

The details

First Trust Advisors sold 1,992,835 shares of T. Rowe Price stock during the third quarter. The firm now owns approximately 0.66% of the asset manager's outstanding shares, down from a 1.57% stake previously. The sale comes amid a broader market downturn that has impacted many financial services firms.

  • The share sale occurred in the third quarter of 2026.

The players

First Trust Advisors LP

An investment management firm that oversees over $200 billion in assets.

T. Rowe Price Group, Inc.

A global investment management firm headquartered in Baltimore, Maryland, founded in 1937.

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The takeaway

The reduction in First Trust Advisors' stake in T. Rowe Price Group reflects broader market uncertainty, but the asset manager remains a major player in the industry with a diversified client base and product lineup.