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Alps Advisors Inc. Lowers Stock Position in T. Rowe Price Group, Inc. $TROW
Alps Advisors Inc. significantly reduced its stake in T. Rowe Price Group (NASDAQ:TROW) by 11.6% in the third quarter, selling 35,492 shares. This reduction brings their total holding to 270,047 shares, valued at approximately $27.7 million. The move comes as T. Rowe Price reported a Q4 EPS miss and faced multiple analyst downgrades and target price cuts, leading to a consensus “Reduce” rating among analysts.