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T. Rowe Price Group Buyback

OLI recorded this information on 12/10/2015

Company: T. Rowe Price Group
Buyback: TROW buyback
Share Amount Authorized: 20,900,000
Buyback Details: T. Rowe Price Group (NASDAQ-GS: TROW) announced today that as planned its Board of Directors has formally approved the appointment of William J. Stromberg to succeed James A.C. Kennedy as president and CEO and chair of the Management Committee, effective January 1, 2016. He will also be appointed to the Board of Directors at that time. As previously announced, Mr. Kennedy is stepping down as CEO and president as of December 31, 2015. He will retire from the firm at the end of March 2016. The Board of Directors also approved an increase in the company's stock repurchase authorization and adopted a proxy access by-law amendment. The increase in the company's stock repurchase authorization is 12 million shares and brings the total repurchase authorization to 20.9 million shares.

T. Rowe Price Group is a holding company. Through its subsidiaries, Co. provides global investment management services. Co. provides U.S. mutual funds, subadvised funds, separately managed accounts, collective investment trusts, and other T. Rowe Price products. The other T. Rowe Price products include: open-ended investment products provided to investors outside the U.S. and products provided through variable annuity life insurance plans in the U.S. Co. also provides certain investment advisory clients with related administrative services, including distribution, mutual fund transfer agent, accounting, and shareholder services; trust services; and non-discretionary advisory services.

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Company Name:  T Rowe Price Group Inc.
Stock buyback:  TROW buyback
Website:  www.troweprice.com
Sector:  Investment Brokerages
Number of ETFs Holding TROW:  115
Total Market Value Held by ETFs:  $5.07B
Total Market Capitalization:  $25.74B
% of Market Cap. Held by ETFs:  19.71%
 

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April 16, 2024    2:28 PM Eastern
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Sell (1.15 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)

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