Vanguard Group Inc. slightly reduced its stake in T. Rowe Price Group, Inc. by 0.1% in the third quarter, though it still holds a significant 12.09% of the company’s shares. T. Rowe Price recently increased its quarterly dividend to $1.30, offering a 5.5% annual yield, despite missing analyst EPS estimates for the last quarter. Analysts currently have an average “Reduce” rating on the stock with a target price of $102.23.
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T. Rowe Price Group, Inc. $TROW Shares Sold by Vanguard Group Inc.
Vanguard Group Inc. slightly reduced its stake in T. Rowe Price Group, Inc. by 0.1% in the third quarter, though it still holds a significant 12.09% of the company’s shares. T. Rowe Price recently increased its quarterly dividend to $1.30, offering a 5.5% annual yield, despite missing analyst EPS estimates for the last quarter. Analysts currently have an average “Reduce” rating on the stock with a target price of $102.23.