Aviance Capital Partners LLC Buys 919 Shares of Amgen Inc. (AMGN)
Aviance Capital Partners LLC increased its stake in shares of Amgen Inc. (NASDAQ:AMGN) by 2.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,204 shares of the medical research company’s stock after purchasing an additional 919 shares during the period. Amgen makes up approximately 2.2% of Aviance Capital Partners LLC’s investment portfolio, making the stock its 6th largest holding. Aviance Capital Partners LLC’s holdings in Amgen were worth $6,752,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Camelot Portfolios LLC acquired a new stake in shares of Amgen during the first quarter worth $1,429,000. PGGM Investments grew its stake in shares of Amgen by 2.3% during the second quarter. PGGM Investments now owns 670,936 shares of the medical research company’s stock worth $115,555,000 after purchasing an additional 15,059 shares during the period. Shelton Capital Management grew its stake in shares of Amgen by 82.7% during the first quarter. Shelton Capital Management now owns 108,997 shares of the medical research company’s stock worth $17,883,000 after purchasing an additional 49,354 shares during the period. Cadence Bank NA grew its stake in shares of Amgen by 6.2% during the first quarter. Cadence Bank NA now owns 3,376 shares of the medical research company’s stock worth $554,000 after purchasing an additional 197 shares during the period. Finally, Telos Capital Management Inc. grew its stake in shares of Amgen by 1.6% during the first quarter. Telos Capital Management Inc. now owns 14,348 shares of the medical research company’s stock worth $2,354,000 after purchasing an additional 227 shares during the period. 78.14% of the stock is owned by institutional investors and hedge funds.
Several research analysts have weighed in on AMGN shares. Oppenheimer Holdings, Inc. set a $189.00 target price on Amgen and gave the stock a “buy” rating in a report on Tuesday, June 13th. BMO Capital Markets reiterated a “buy” rating and set a $198.00 target price (down from $200.00) on shares of Amgen in a report on Monday, May 22nd. ValuEngine upgraded Amgen from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Mizuho reiterated a “buy” rating and set a $195.00 target price on shares of Amgen in a report on Sunday, July 9th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $195.00 target price on shares of Amgen in a report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. Amgen has a consensus rating of “Buy” and a consensus price target of $186.04.
Shares of Amgen Inc. (AMGN) traded up 0.21% during trading on Thursday, reaching $190.09. The company’s stock had a trading volume of 1,037,868 shares. The stock’s 50 day moving average price is $174.23 and its 200-day moving average price is $168.94. The firm has a market cap of $138.70 billion, a PE ratio of 17.31 and a beta of 1.35. Amgen Inc. has a 12 month low of $133.64 and a 12 month high of $191.10.
Amgen (NASDAQ:AMGN) last announced its quarterly earnings results on Tuesday, July 25th. The medical research company reported $3.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.11 by $0.16. Amgen had a net margin of 35.46% and a return on equity of 29.85%. The business had revenue of $5.81 billion for the quarter, compared to analysts’ expectations of $5.67 billion. During the same quarter last year, the firm earned $2.84 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities analysts predict that Amgen Inc. will post $12.57 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Thursday, August 17th were given a $1.15 dividend. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $4.60 annualized dividend and a yield of 2.42%. Amgen’s payout ratio is 41.93%.
Amgen Inc is a biotechnology company. The Company discovers, develops, manufactures and delivers various human therapeutics. It operates in human therapeutics segment. Its marketed products portfolio includes Neulasta (pegfilgrastim); erythropoiesis-stimulating agents (ESAs), such as Aranesp (darbepoetin alfa) and EPOGEN (epoetin alfa); Sensipar/Mimpara (cinacalcet); XGEVA (denosumab); Prolia (denosumab); NEUPOGEN (filgrastim), and other marketed products, such as KYPROLIS (carfilzomib), Vectibix (panitumumab), Nplate (romiplostim), Repatha (evolocumab), BLINCYTO (blinatumomab), IMLYGIC (talimogene laherparepvec) and Corlanor (ivabradine).
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