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Pictet Asset Management Holding SA Sells 17,560 Shares of T. Rowe Price Group, Inc. $TROW
Pictet Asset Management Holding SA reduced its stake in T. Rowe Price Group by 5.1%, selling 17,560 shares, now holding 328,445 shares valued at $33.63 million. This comes as T. Rowe Price raised its quarterly dividend to $1.30 per share, offering a 5.2% yield, but also after the company slightly missed EPS estimates and received multiple analyst downgrades.