T. Rowe Price discloses 7.9% of Ponce Financial Group (NASDAQ: PDLB)
Rhea-AI Filing Summary
T. Rowe Price Investment Management, Inc. filed an amended Schedule 13G reporting beneficial ownership of 1,896,773 shares of Ponce Financial Group common stock, representing 7.9% of the class as of December 31, 2025.
The firm has sole voting and sole dispositive power over these shares. It certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Ponce Financial Group.
Positive
- None.
Negative
- None.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What percentage of PDLB’s common stock does this stake represent?
The filing shows that T. Rowe Price’s 1,896,773 shares represent 7.9% of Ponce Financial Group’s common stock. This percentage is disclosed in Item 4(b), indicating that the firm holds more than five percent of the outstanding shares of this class of securities.
Does T. Rowe Price seek to influence control of PDLB with this stake?
The filing states the shares were acquired and are held in the ordinary course of business and not to change or influence control of Ponce Financial Group. It also notes they are not held in connection with any transaction intended to have that control-related purpose or effect.
What is the event date for T. Rowe Price’s PDLB ownership report?
The Schedule 13G/A lists December 31, 2025 as the Date of Event that required the filing. This date indicates when the reported ownership position, including the 1,896,773 shares and 7.9% stake, reached a level that triggered this amended beneficial ownership disclosure.