Citizens Financial Group Inc. RI Sells 21,982 Shares of Alphabet Inc. (NASDAQ:GOOG)

Citizens Financial Group Inc. RI lessened its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 10.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 188,675 shares of the information services provider's stock after selling 21,982 shares during the period. Alphabet comprises approximately 0.7% of Citizens Financial Group Inc. RI's holdings, making the stock its 27th biggest position. Citizens Financial Group Inc. RI's holdings in Alphabet were worth $35,931,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Fiduciary Advisors Inc. purchased a new position in shares of Alphabet during the 4th quarter valued at about $27,000. Weiss Asset Management LP purchased a new position in Alphabet during the third quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC bought a new position in shares of Alphabet in the third quarter worth approximately $33,000. Noble Wealth Management PBC purchased a new stake in shares of Alphabet in the fourth quarter worth $43,000. Finally, FPC Investment Advisory Inc. raised its position in shares of Alphabet by 287.9% during the 4th quarter. FPC Investment Advisory Inc. now owns 225 shares of the information services provider's stock valued at $46,000 after purchasing an additional 167 shares during the period. Hedge funds and other institutional investors own 27.26% of the company's stock.

Insider Activity

In other news, insider Ruth Porat sold 17,690 shares of Alphabet stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $183.48, for a total transaction of $3,245,761.20. Following the completion of the sale, the insider now owns 1,449,286 shares of the company's stock, valued at approximately $265,914,995.28. The trade was a 1.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John L. Hennessy sold 1,500 shares of the business's stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $194.22, for a total value of $291,330.00. Following the completion of the sale, the director now owns 23,324 shares of the company's stock, valued at $4,529,987.28. The trade was a 6.04 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 97,182 shares of company stock valued at $18,192,354. 12.99% of the stock is currently owned by company insiders.

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Alphabet Trading Up 1.9 %

Shares of Alphabet stock traded up $3.20 during trading on Wednesday, hitting $169.18. The stock had a trading volume of 12,287,423 shares, compared to its average volume of 19,015,984. Alphabet Inc. has a 12 month low of $140.01 and a 12 month high of $208.70. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The firm's fifty day simple moving average is $188.87 and its 200-day simple moving average is $178.08. The stock has a market cap of $2.06 trillion, a PE ratio of 21.00, a PEG ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. As a group, sell-side analysts expect that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be given a dividend of $0.20 per share. The ex-dividend date is Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.47%. Alphabet's dividend payout ratio (DPR) is 9.94%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Benchmark reiterated a "negative" rating on shares of Alphabet in a research note on Wednesday, February 5th. Oppenheimer increased their target price on Alphabet from $215.00 to $225.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. Needham & Company LLC reissued a "buy" rating on shares of Alphabet in a report on Wednesday, February 5th. Morgan Stanley restated an "overweight" rating on shares of Alphabet in a research note on Wednesday, February 5th. Finally, Citizens Jmp downgraded shares of Alphabet from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, Alphabet has an average rating of "Moderate Buy" and an average price target of $209.13.

Alphabet Profile

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.