HB Wealth Management 13F: Adds $12M to T. Rowe Price (TROW) Stake

HB Wealth Management increased its holdings in T. Rowe Price Group, Inc. TROW during the quarter, according to a Form 13F filing with the SEC on October 23, 2026. The firm acquired an additional 111,086 shares, representing a 12.8% increase from the prior period.

TROW T. Rowe Price Group, Inc.

$104.20 ▲ +3.56% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in HB Wealth Management's T. Rowe Price Group Position

The institutional investor grew its position from 870,719 shares up to 981,805 shares. The reported value of the stake reached approximately $102.2 million at the time of the filing.

Other Institutional Activity in T. Rowe Price Group

Heck Capital Advisors picked up a new holding of 11,920 shares valued at about $1.2 million. First Citizens Bank & Trust reduced its position by 50,721 shares, ending with 136,155 shares worth about $14.2 million. Sarofim, Fayez & Co cut its holdings by 511,833 shares, leaving it with 3,923,459 shares valued at about $408.8 million.

T. Rowe Price Group, Inc. Stock Up 0.9%

T. Rowe Price Group shares closed at $104.20 on October 23, 2026. The stock recently traded around $104.20 on October 24, 2026, sitting near its 52-week high of $122.00 and well above its 52-week low of $85.22.

Recent Earnings

The asset management firm reported a trailing-twelve-month revenue of $7.59 billion alongside $9.96 in earnings per share. The company maintains a 29.3% net profit margin and a 19.4% return on equity. Its next earnings report is scheduled for October 29, 2026.

Dividend

The investment manager pays an annual dividend of $5.20 per share, which translates to a 5.03% dividend yield based on recent trading levels. The payout is supported by a dividend payout ratio of 51.6%, meaning the firm distributes just over half of its earnings to shareholders.

Insider Buying and Selling at T. Rowe Price Group, Inc.

Company insiders were active buyers earlier in the year. Sandra Wijnberg bought 148 shares at $114.38 on June 29, 2026, for a total of $16,928.24. Cynthia Smith acquired 70 shares at the same price for $8,006.60. Dina Dublon picked up 109 shares valued at $12,467.42, and Allan Golston added 55 shares worth $6,290.90.

Analysts Set New Price Targets

Analyst sentiment remains cautious ahead of the upcoming earnings release. TD Cowen maintains a Hold rating with a target price lowered from $110.00 to $109.00 on October 12, 2026. JP Morgan holds an Underweight rating with a target cut from $107.00 to $106.00 on October 13, 2026. BMO Capital maintains a Market Perform rating while trimming its target from $120.00 to $110.00 on October 13, 2026. Barclays maintains an Underweight rating with a target moved from $103.00 to $102.00 on October 14, 2026. Morgan Stanley maintains an Equal-Weight rating with a target raised from $110.00 to $112.00 on October 23, 2026. The stock currently holds a consensus recommendation of hold from 13 analysts, with a mean price target of $106.08.

About T. Rowe Price Group

T. Rowe Price Group, Inc. operates as a publicly owned investment manager based in Baltimore, Maryland. The firm serves individual and institutional investors, retirement plans, and financial intermediaries by managing equity and fixed-income mutual funds across global markets. The company relies on fundamental, bottom-up research and in-house analysis to guide its investment decisions.

Bottom Line

Investors are keeping a close watch on the upcoming earnings report on October 29, 2026, to see how the firm's asset management flows perform. Additional SEC filings will reveal whether other institutional managers adjust their positions further as market conditions evolve.