BlackRock, Inc. Reports 10.1% Passive Stake in T. Rowe Price Group, Inc.

On April 7, 2026, BlackRock, Inc. filed a Schedule 13G indicating a significant new position in T. Rowe Price Group, Inc. (TROW). As of the event date on March 31, 2026, BlackRock reported beneficial ownership of 21,957,917 shares of Common Stock, representing a 10.1% stake in the company. This filing marks a substantial increase from a previous reported position of zero, establishing BlackRock as a major institutional shareholder. The filing details that BlackRock holds sole dispositive power over all 21,957,917 shares and sole voting power over 20,494,650 shares. The acquisition was made in the ordinary course of business, according to the Rule 13d-1(b) certification, suggesting a passive investment intent rather than an attempt to influence or change control of the issuer. Various subsidiaries under the BlackRock umbrella are identified as part of the reporting group. The total value of the holding is estimated at approximately $1.96 billion based on the provided supplemental data.