T Rowe Group director MacLellan sells $324,466 in shares

Published 23/09/2025, 13:54
T Rowe Group director MacLellan sells $324,466 in shares

Director Robert F. MacLellan of PRICE T ROWE GROUP INC (NASDAQ:TROW), the $23.13 billion asset management firm known for its 40-year track record of consistent dividend payments, sold 3,090 shares of common stock on September 22, 2025, for a total of $324,466. The shares were sold at prices ranging from $104.95 to $105.04. According to InvestingPro analysis, TROW currently trades below its Fair Value, offering a compelling 4.82% dividend yield.

On the same day, MacLellan also exercised stock options to acquire 4,417 shares of T. Rowe Price common stock at a price of $72.8212, for a total value of $321651.

Following these transactions, MacLellan directly owns 47,334.6544 shares of PRICE T ROWE GROUP INC.

In other recent news, Neptune Insurance announced plans for its shareholders to offer up to 18.42 million shares in an initial public offering, with an estimated price range of $18 to $20 per share. The company itself will not sell any shares or receive proceeds from this offering. In another development, T. Rowe Price, in collaboration with the International Finance Corporation, has launched an emerging markets blue economy bond strategy with over $200 million in initial commitments. This strategy will focus on corporate bonds from financial institutions and companies in emerging markets. Additionally, Goldman Sachs has confirmed a strategic collaboration with T. Rowe Price, planning to invest up to $1 billion in T. Rowe Price common stock through open-market purchases. This investment aims to acquire up to a 3.5% ownership stake in T. Rowe Price. The partnership will focus on developing investment solutions for retirement and wealth management clients.

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