Johnson Financial Group Inc. Sells 13,261 Shares of Alphabet Inc. (NASDAQ:GOOG)

Johnson Financial Group Inc. lowered its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 10.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 110,976 shares of the information services provider’s stock after selling 13,261 shares during the quarter. Alphabet comprises about 1.1% of Johnson Financial Group Inc.’s investment portfolio, making the stock its 13th biggest position. Johnson Financial Group Inc.’s holdings in Alphabet were worth $22,817,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of GOOG. Gilder Gagnon Howe & Co. LLC raised its stake in shares of Alphabet by 1.1% in the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 400,157 shares of the information services provider’s stock valued at $76,206,000 after acquiring an additional 4,158 shares in the last quarter. Coldstream Capital Management Inc. grew its holdings in Alphabet by 2.3% during the fourth quarter. Coldstream Capital Management Inc. now owns 119,435 shares of the information services provider’s stock valued at $22,745,000 after purchasing an additional 2,659 shares during the last quarter. Capital Analysts LLC raised its position in shares of Alphabet by 1.6% in the fourth quarter. Capital Analysts LLC now owns 30,444 shares of the information services provider’s stock valued at $5,798,000 after purchasing an additional 477 shares during the period. Three Seasons Wealth LLC acquired a new stake in shares of Alphabet in the fourth quarter worth $3,376,000. Finally, Pingora Partners LLC boosted its holdings in shares of Alphabet by 16.7% during the 4th quarter. Pingora Partners LLC now owns 2,450 shares of the information services provider’s stock worth $467,000 after buying an additional 350 shares during the period. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O’toole sold 1,340 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $202.08, for a total transaction of $270,787.20. Following the sale, the chief accounting officer now directly owns 17,848 shares of the company’s stock, valued at approximately $3,606,723.84. This represents a 6.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the completion of the transaction, the chief executive officer now owns 2,717,696 shares of the company’s stock, valued at $430,917,877.76. This trade represents a 1.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 148,163 shares of company stock worth $25,361,647 in the last quarter. 12.99% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on GOOG. Citizens Jmp downgraded shares of Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Benchmark reiterated a “negative” rating on shares of Alphabet in a research note on Wednesday, February 5th. Scotiabank decreased their target price on Alphabet from $232.00 to $200.00 and set a “sector outperform” rating for the company in a research note on Monday, April 21st. Needham & Company LLC reaffirmed a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. Finally, Wedbush reissued an “outperform” rating and issued a $220.00 price objective on shares of Alphabet in a research report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $203.94.

Alphabet Stock Up 1.5 %

Shares of GOOG opened at $163.85 on Friday. Alphabet Inc. has a 12 month low of $142.66 and a 12 month high of $208.70. The stock has a market cap of $2.00 trillion, a price-to-earnings ratio of 20.35, a P/E/G ratio of 1.34 and a beta of 1.04. The company has a 50-day moving average price of $164.25 and a two-hundred day moving average price of $177.16. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, beating the consensus estimate of $2.04 by $0.77. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. The business had revenue of $90.23 billion for the quarter, compared to analyst estimates of $89.30 billion. Equities analysts predict that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.49%. The ex-dividend date was Monday, March 10th. Alphabet’s payout ratio is 9.94%.

Alphabet Company 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.