SNS Financial Group LLC Has $8.25 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

SNS Financial Group LLC lessened its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 2.7% during the 4th quarter, HoldingsChannel reports. The firm owned 21,933 shares of the software giant’s stock after selling 611 shares during the quarter. Microsoft comprises 1.0% of SNS Financial Group LLC’s holdings, making the stock its 22nd biggest position. SNS Financial Group LLC’s holdings in Microsoft were worth $8,248,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Monumental Financial Group Inc. acquired a new stake in shares of Microsoft in the first quarter worth $28,000. Atlantic Private Wealth LLC grew its stake in shares of Microsoft by 534.5% in the second quarter. Atlantic Private Wealth LLC now owns 184 shares of the software giant’s stock worth $63,000 after acquiring an additional 155 shares during the last quarter. Hibernia Wealth Partners LLC acquired a new stake in shares of Microsoft in the third quarter worth $69,000. Iron Horse Wealth Management LLC grew its stake in shares of Microsoft by 89.0% in the third quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock worth $70,000 after acquiring an additional 105 shares during the last quarter. Finally, MayTech Global Investments LLC acquired a new stake in shares of Microsoft in the fourth quarter worth $83,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Transactions at Microsoft

In other news, insider Bradford L. Smith sold 45,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $411.78, for a total transaction of $18,530,100.00. Following the completion of the transaction, the insider now directly owns 574,129 shares in the company, valued at approximately $236,414,839.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Bradford L. Smith sold 45,000 shares of Microsoft stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $411.78, for a total transaction of $18,530,100.00. Following the transaction, the insider now owns 574,129 shares in the company, valued at approximately $236,414,839.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bradford L. Smith sold 3,303 shares of Microsoft stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $406.12, for a total value of $1,341,414.36. Following the transaction, the insider now owns 570,826 shares in the company, valued at approximately $231,823,855.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,070,258 shares of company stock worth $30,690,456. 0.03% of the stock is currently owned by company insiders.

Microsoft Price Performance

Shares of MSFT stock opened at $399.12 on Friday. The stock has a 50-day moving average price of $414.86 and a 200 day moving average price of $385.33. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.19. The firm has a market cap of $2.97 trillion, a price-to-earnings ratio of 36.09, a PEG ratio of 2.15 and a beta of 0.89. Microsoft Co. has a 12 month low of $275.37 and a 12 month high of $430.82.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Tuesday, January 30th. The software giant reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $2.76 by $0.17. The firm had revenue of $62.02 billion during the quarter, compared to analyst estimates of $61.14 billion. Microsoft had a return on equity of 38.40% and a net margin of 36.27%. The company’s revenue was up 17.6% on a year-over-year basis. During the same period last year, the company earned $2.32 earnings per share. Research analysts expect that Microsoft Co. will post 11.61 EPS for the current year.

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.75%. Microsoft’s payout ratio is currently 27.12%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. DA Davidson restated a “buy” rating and issued a $500.00 price objective on shares of Microsoft in a research note on Friday, March 15th. Citigroup reduced their target price on Microsoft from $480.00 to $475.00 and set a “buy” rating for the company in a research report on Thursday. Barclays raised their target price on Microsoft from $421.00 to $475.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. BNP Paribas raised Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 target price for the company in a research report on Thursday, January 18th. Finally, Raymond James raised their target price on Microsoft from $400.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Four research analysts have rated the stock with a hold rating and thirty-five have issued a buy rating to the stock. Based on data from MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and an average price target of $432.13.

Microsoft Company Profile

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.