T. Rowe Price's (TROW -2.8%) board approves a 15M-share increase to the company's authorization to repurchase shares of its common stock, it disclosed in a filing made late Tuesday.

The new authorization brings its total repurchase authorization up to ~24.1M shares, representing ~10% of its 235.4M shares outstanding at Dec. 31, 2019.

In the past three months, TROW has declined ~20%.

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