Lucid files for 1-for-10 reverse stock split requiring shareholder approval
Dorothy C. Sawyer, Vice President at Price T Rowe Group Inc. (NASDAQ:TROW), recently sold a portion of her holdings in the company. According to a filing with the Securities and Exchange Commission, Sawyer sold 2,000 shares of common stock on June 11, 2025, at a price of $95.43 per share. The total value of the transaction amounted to $190,860. The sale comes as TROW, a $21 billion asset management firm, trades at a P/E ratio of 10.8 and offers a substantial 5.3% dividend yield. According to InvestingPro analysis, the company has maintained dividend payments for 40 consecutive years and currently shows a GOOD financial health score.
Following this sale, Sawyer retains a direct ownership of 44,788.7144 shares. Additionally, she holds an indirect ownership of 1,040 shares, attributed under the nature of ownership as "Daughter." Want deeper insights into TROW’s valuation and 12+ exclusive ProTips? Check out the comprehensive research report available on InvestingPro.
In other recent news, T. Rowe Price Group, Inc. reported preliminary assets under management totaling $1.62 trillion as of May 31, 2025. This marks an increase from $1.56 trillion at the end of April, despite experiencing net outflows of $4.4 billion in May. The company’s equity assets rose to $806 billion, while fixed income assets saw a modest increase to $199 billion. Multi-asset portfolios grew to $566 billion, and target date retirement portfolios increased to $504 billion. In related developments, T. Rowe Price held its annual stockholder meeting where all director nominees were elected, and KPMG LLP was ratified as the independent registered public accounting firm for 2025. The advisory vote on executive compensation passed, although a proposal requiring shareholder approval of excessive golden parachutes did not. Additionally, the company declared a quarterly dividend of $1.27 per share, payable on June 27, 2025. The firm continues to emphasize transparency and adherence to SEC regulations in its governance process.
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