State Street Amends T. Rowe Price Stake Disclosure
Ticker: TROW · Form: SC 13G/A · Filed: Jan 29, 2024 · CIK: 1113169
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**State Street updated its T. Rowe Price holdings, signaling continued institutional interest.**
AI Summary
State Street Corporation filed an amended SC 13G/A on January 29, 2024, indicating its ownership of Common Stock in T. Rowe Price Group Inc. as of December 31, 2023. This filing updates previous disclosures, showing State Street's continued significant, though passive, investment in T. Rowe Price. This matters to investors because it confirms a major institutional holder's position, suggesting a degree of confidence in T. Rowe Price's long-term prospects, even if the exact percentage of ownership isn't detailed in this snippet.
Why It Matters
This filing confirms State Street Corporation's ongoing institutional ownership in T. Rowe Price, providing transparency on a significant holder's position.
Risk Assessment
Risk Level: low — This is a routine amendment by a passive institutional investor, indicating no immediate significant risk or change in company control.
Analyst Insight
An investor should note State Street's continued passive stake as a sign of institutional confidence, but recognize this filing doesn't indicate any active management changes or new strategic moves.
Key Numbers
- 74144T108 — CUSIP Number (identifies the Common Stock of T. Rowe Price Group Inc.)
- 04-2456637 — IRS Identification Number (identifies State Street Corporation)
- 005-83805 — SEC File Number (identifies T. Rowe Price Group Inc. with the SEC)
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- T. Rowe Price Group Inc. (company) — the subject company whose securities are being reported
- 0000093751-24-000340 (dollar_amount) — accession number for the filing
- January 29, 2024 (date) — the filing date of the SC 13G/A
- December 31, 2023 (date) — the date of the event requiring the filing
Forward-Looking Statements
- State Street Corporation will maintain a significant, passive stake in T. Rowe Price Group Inc. for the foreseeable future. (State Street Corporation) — high confidence, target: 2025-01-29
- T. Rowe Price Group Inc. will continue to be a target for institutional investment due to its industry position. (T. Rowe Price Group Inc.) — medium confidence, target: 2024-12-31
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'AMENDED FILING' sections.
Who is the reporting person in this filing?
The reporting person is STATE STREET CORPORATION, as clearly indicated under '1. NAME OF REPORTING PERSON: STATE STREET CORPORATION'.
What is the subject company whose securities are being reported?
The subject company is T ROWE PRICE GROUP INC, as stated under 'NAME OF ISSUER: T ROWE PRICE GROUP INC'.
What is the date of the event that required this filing?
The date of the event which requires filing of this statement is 12/31/2023, as specified in the filing.
Under which rule is this Schedule 13G/A filed?
This Schedule 13G/A is filed under Rule 13D-1 (B), as indicated by the 'X' next to 'RULE 13D-1 (B)'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 29, 2024 regarding PRICE T ROWE GROUP INC (TROW).