May 17, 2017 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of T. Rowe Price Group Inc (NASDAQ:TROW) was announced over potential breaches of fiduciary duties by certain officers and directors at T. Rowe Price Group Inc.

The investigation by a law firm concerns whether certain T. Rowe Price Group officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

Baltimore, MD based T. Rowe Price Group, Inc. is a financial services holding company that provides global investment management services through its subsidiaries to investors across the world.

T. Rowe Price Group Inc reported that its annual Total Revenue rose from over $4.2 billion in 2015 to over $4.22 billion in 2016 and that its Net Income declined from over $1.22 billion in 2015 to over $1.21 billion in 2016.

Shares of T. Rowe Price Group Inc (NASDAQ:TROW) reached as high as $87.19 per share in late 2014 and declined in 2016 to as low as $63.70 per share in late 2016.