07:46 AM EDT, 09/04/2025 (MT Newswires) -- Goldman Sachs Group ( GS ) and T. Rowe Price Group ( TROW ) said Thursday they are collaborating to offer an array of public and private investment products for retirement and wealth investors.

Goldman plans to invest as much as $1 billion in T. Rowe common stock via various open-market purchases, with the intention of owning up to 3.5%, the companies said.

T. Rowe shares were up 7.9% in recent premarket activity, while Goldman rose 0.3%.