Salem Investment Counselors Inc. Reduces Stake in T. Rowe Price Group

Asset management firm cuts holdings in investment firm by nearly half

Mar. 24, 2026 at 11:18am

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Salem Investment Counselors Inc. has lowered its holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 47% during the fourth quarter, according to a disclosure filed with the Securities and Exchange Commission (SEC). The firm now owns 41,256 shares of the asset manager's stock, down from 77,884 shares previously.

Why it matters

T. Rowe Price Group is one of the largest independent asset management firms in the United States, managing over $1 trillion in assets. Changes in institutional ownership of the company's stock can signal shifts in investor sentiment and market expectations for the firm's future performance.

The details

According to the SEC filing, Salem Investment Counselors sold 36,628 shares of T. Rowe Price Group during the fourth quarter. The firm now holds $4.2 million worth of the asset manager's stock. Several other institutional investors also made changes to their T. Rowe Price Group holdings during the quarter, with some increasing and others decreasing their positions.

  • The filing discloses changes made during the fourth quarter of 2025.

The players

Salem Investment Counselors Inc.

An investment management firm that has reduced its stake in T. Rowe Price Group.

T. Rowe Price Group, Inc.

A global investment management firm headquartered in Baltimore, Maryland.

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The takeaway

The reduction in Salem Investment Counselors' position in T. Rowe Price Group suggests a potential shift in sentiment around the asset manager's outlook, though the reasons behind the move are not entirely clear from the limited information provided. Investors will likely watch for any further changes in institutional ownership of T. Rowe Price Group stock in the coming quarters.