Citizens Financial Group Inc. RI Has $90.67 Million Position in Alphabet Inc. $GOOG

Citizens Financial Group Inc. RI boosted its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 2.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 256,623 shares of the information services provider's stock after purchasing an additional 7,169 shares during the quarter. Alphabet comprises 1.1% of Citizens Financial Group Inc. RI's investment portfolio, making the stock its 18th biggest position. Citizens Financial Group Inc. RI's holdings in Alphabet were worth $90,673,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GOOG. Imprint Wealth LLC bought a new stake in shares of Alphabet in the third quarter worth $31,000. Nvest Wealth Strategies Inc. bought a new position in shares of Alphabet during the 4th quarter worth approximately $38,000. Lifetime Wealth Management P.C. bought a new position in Alphabet during the fourth quarter worth $38,000. Bard Associates Inc. acquired a new stake in shares of Alphabet in the 4th quarter valued at about $41,000. Finally, Commonwealth Retirement Investments LLC acquired a new stake in Alphabet in the 4th quarter valued at $45,000. 27.26% of the stock is currently owned by institutional investors.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google is expanding Gemini’s commercial reach by allowing Wix users to create complete websites within Google’s AI assistant. The move could increase Gemini engagement and strengthen Alphabet’s position in generative AI applications. Google Is Turning Gemini Into a Website Builder
• Positive Sentiment: Google Cloud entered an enterprise AI partnership with Verizon, supporting Alphabet’s efforts to monetize AI infrastructure and services with large corporate customers. Alphabet's Google Cloud Enters Enterprise AI Partnership With Verizon
• Positive Sentiment: Investment commentary remains constructive on Alphabet’s sustainable growth outlook, citing its competitive advantages, strong profitability, revenue momentum and expanding cloud business. Alphabet’s Sustainable Growth Outlook Appears Stronger Than Expectations
• Positive Sentiment: Google reportedly plans to move all Pixel manufacturing out of China by 2027, shifting production toward Vietnam and India. The change could diversify supply chains and reduce geopolitical exposure, although transition costs remain possible. Google Plans to Move Pixel Manufacturing Out of China
• Neutral Sentiment: Alphabet was among the technology and social-media stocks showing strength, reflecting broader sector momentum rather than a company-specific catalyst. Social-Media Trade Splits
• Neutral Sentiment: Investors are watching a recently announced Google agreement with Marvell, which could provide additional insight into Alphabet’s AI hardware and data-center requirements when Marvell reports earnings. Marvell Earnings and Google Agreement
• Negative Sentiment: Analysts flagged negative free cash flow as a concern because Alphabet’s AI leadership requires heavy spending on data centers, chips and infrastructure. A potential $25 billion bond offering and reported off-balance-sheet commitments are also prompting capital-allocation questions. Alphabet Opinions on AI Advancements and Bond Offering
• Negative Sentiment: A delay in the next Gemini Pro release could leave Alphabet without a new flagship model tier in the near term, raising concerns about AI product execution and competitive pressure. Gemini Pro Delay

Alphabet Price Performance

GOOG opened at $344.59 on Tuesday. The stock has a market capitalization of $4.21 trillion, a P/E ratio of 17.31, a PEG ratio of 0.96 and a beta of 1.23. Alphabet Inc. has a 12-month low of $205.95 and a 12-month high of $404.47. The stock has a 50-day moving average price of $349.89 and a 200-day moving average price of $339.72. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.87 by $6.24. The business had revenue of $119.80 billion during the quarter, compared to analyst estimates of $116.53 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The company's revenue was up 24.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.31 earnings per share. Equities analysts predict that Alphabet Inc. will post 20.51 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Monday, September 7th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, September 4th. Alphabet's dividend payout ratio is currently 4.42%.

Analysts Set New Price Targets

GOOG has been the subject of a number of analyst reports. Zacks Research lowered Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 5th. Rosenblatt Securities began coverage on shares of Alphabet in a research report on Thursday, August 20th. They issued a "buy" rating on the stock. TD Cowen reiterated a "buy" rating and set a $475.00 target price on shares of Alphabet in a research report on Thursday, July 23rd. HSBC set a $515.00 price objective on shares of Alphabet in a report on Friday, August 14th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Alphabet in a research report on Friday, July 17th. Six investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, Alphabet has an average rating of "Buy" and a consensus price target of $415.55.

Insiders Place Their Bets

In other news, insider John Kent Walker sold 8,998 shares of the business's stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $349.29, for a total transaction of $3,142,911.42. Following the transaction, the insider directly owned 75,290 shares of the company's stock, valued at approximately $26,298,044.10. The trade was a 10.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frances Arnold sold 82 shares of the firm's stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $333.39, for a total transaction of $27,337.98. Following the completion of the sale, the director owned 18,914 shares of the company's stock, valued at $6,305,738.46. This trade represents a 0.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 451,945 shares of company stock valued at $12,382,714 in the last 90 days. 12.99% of the stock is owned by corporate insiders.

Alphabet Profile

Alphabet Inc NASDAQ: GOOG is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as "Other Bets." Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company's history.

Alphabet's core business centers on internet search and advertising, with Google Search and the company's ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.

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