First Citizens Bank & Trust 13F: Cuts TROW Stake by $5.3M

The bank trimmed its holdings in T. Rowe Price Group by over 27% as of its latest SEC filing.

By EarningsIQ Research Desk · Published Oct 15, 2026, 9:40 PM EDT · Updated Oct 15, 2026, 9:44 PM EDT

Reviewed by automated data checks against the source filing. How we make and check alerts

First Citizens Bank & Trust sold 50,721 shares from its stake in T. Rowe Price Group, Inc. ($TROW), a 27.14% decrease, according to a 13F filing with the SEC dated October 14, 2026. It reported 136,155 shares worth $14.17 million at the end of the quarter.

Since the filing, $TROW is up 1.4% to date (from the $99.62 close on Oct 14, 2026).

Find the original: First Citizens Bank & Trust 13F filings on SEC EDGAR

TROW T. Rowe Price Group, Inc.

$100.97 +0.35% year to date

Daily close · Oct 16, 2026

Key Points

First Citizens Bank & Trust cut its holdings in T. Rowe Price Group by 27.1%, reducing its shares by 50,721 to 136,155 shares.
T. Rowe Price Group, Inc. has a market cap of $22.3 billion and a P/E ratio of 10.5, with shares trading between $85.22 and $122 over the past year.
The company offers a dividend yield of 4.97% with a payout ratio of 51.61%, and its next earnings are expected on October 30, 2026.

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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated T. Rowe Price Group, Inc. alert may contain errors. Disclosures

First Citizens Bank & Trust has trimmed its holdings in T. Rowe Price Group, Inc. (NasdaqGS: TROW). According to its latest Form 13F filing with the SEC, the bank reduced its stake by 27.1%, selling 50,721 shares. This leaves First Citizens with 136,155 shares valued at approximately $14.2 million as of the reporting period.

13F track record

First Citizens Bank & Trust vs. the S&P 500

YTD return +4.17% hypothetical

All-time return +4.17% S&P 500 +4.11%

vs. S&P 500 +0.06% ahead of the index

Hypothetical returns from First Citizens Bank & Trust's disclosed trades, not real profit or advice. How we model this.

What Changed in First Citizens Bank & Trust's T. Rowe Price Group Position

First Citizens Bank & Trust previously held 186,876 shares of T. Rowe Price Group. The recent filing shows a reduction of 50,721 shares, bringing its total to 136,155 shares. The value of these holdings is now around $14.2 million.

T. Rowe Price Group, Inc. Stock Down 1.1%

Shares of T. Rowe Price Group, Inc. traded near their previous close of $104.16. The company has a market capitalization of $22.3 billion and a P/E ratio of 10.5. Its stock has ranged from $85.22 to $122 over the past 52 weeks. The 50-day moving average is $112.26, while the 200-day moving average stands at $103.89. The firm maintains a current and quick ratio of 4.039, with a debt-to-equity ratio of 3.702.

Recent Earnings

T. Rowe Price Group reported revenues of $7.59 billion, reflecting a growth of 10.7%. The company's net margin is 29.3%, and it achieved a return on equity of 19.4%. The next earnings release is scheduled for October 30, 2026.

Dividend

The company offers an annual dividend rate of $5.20, yielding 4.97%. The dividend payout ratio is 51.61%.

About T. Rowe Price Group

T. Rowe Price Group, Inc. is a well-established investment management firm based in Baltimore, Maryland. It offers a variety of services, including managing equity and fixed income mutual funds for individuals and institutions. The company, led by CEO Robert W. Sharps, employs around 7,544 people and focuses on socially responsible investing principles.

Bottom Line

First Citizens Bank & Trust's decision to reduce its stake in T. Rowe Price Group reflects a significant change in its investment strategy. Investors often track these filings to gauge institutional sentiment, though 13F filings are backward-looking and may not represent the current position. T. Rowe Price Group remains a notable player in the asset management sector with a strong financial position and attractive dividend yield.

More on this

Source: First Citizens Bank & Trust's 13F filing on $TROW (Oct 14, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: First Citizens Bank & Trust 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts