Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Sandy Spring Bank
Market Beat·- Sandy Spring Bank reduced its Alphabet Inc. holdings by 1.2%, owning 204,986 shares valued at $32,025,000. - Other institutional investors increased their stakes, with Principia Wealth Advisory raising its position by 111.8%. - Alphabet reported earnings of $2.31 per share, exceeding estimates, and announced a quarterly dividend of $0.21, reflecting a payout ratio of 8.95%.Sandy Spring Bank Has $87.72 Million Stake in Microsoft Co. (NASDAQ:MSFT)
Market Beat·- Sandy Spring Bank reduced its Microsoft shares by 0.8%, holding 208,119 shares valued at $87.72 million, making it the bank's 5th largest investment. - Other institutional investors, such as Proficio Capital Partners and Assenagon Asset Management, significantly increased their stakes in Microsoft during the fourth quarter. - Microsoft reported a quarterly EPS of $3.46, exceeding estimates, and announced a dividend of $0.83, reflecting a 0.74% yield.