Synovus Financial Corp Has $6.05 Million Holdings in Allergan PLC. (AGN)
Synovus Financial Corp raised its stake in Allergan PLC. (NYSE:AGN) by 5.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,903 shares of the company’s stock after buying an additional 1,343 shares during the quarter. Synovus Financial Corp’s holdings in Allergan PLC. were worth $6,053,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of AGN. Waldron LP purchased a new stake in Allergan PLC. in the 1st quarter valued at $348,000. First Trust Advisors LP grew its holdings in Allergan PLC. by 3,350.3% in the 1st quarter. First Trust Advisors LP now owns 61,899 shares of the company’s stock valued at $14,789,000 after buying an additional 60,105 shares in the last quarter. Summit Securities Group LLC purchased a new stake in Allergan PLC. in the 1st quarter valued at $2,074,000. American Century Companies Inc. grew its holdings in Allergan PLC. by 10.2% in the 1st quarter. American Century Companies Inc. now owns 1,408,274 shares of the company’s stock valued at $336,465,000 after buying an additional 130,162 shares in the last quarter. Finally, FTB Advisors Inc. grew its holdings in Allergan PLC. by 1.5% in the 1st quarter. FTB Advisors Inc. now owns 21,123 shares of the company’s stock valued at $5,047,000 after buying an additional 314 shares in the last quarter. Institutional investors own 82.02% of the company’s stock.
Several analysts have issued reports on AGN shares. ValuEngine cut Allergan PLC. from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Cowen and Company set a $400.00 target price on Allergan PLC. and gave the company a “buy” rating in a report on Thursday, June 8th. Mizuho dropped their target price on Allergan PLC. from $275.00 to $267.00 and set a “buy” rating for the company in a report on Friday, June 9th. Royal Bank Of Canada set a $284.00 target price on Allergan PLC. and gave the company a “buy” rating in a report on Monday, June 12th. Finally, Cantor Fitzgerald started coverage on Allergan PLC. in a report on Friday, June 16th. They issued a “neutral” rating and a $231.00 target price for the company. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $273.34.
Shares of Allergan PLC. (NYSE AGN) opened at 204.65 on Friday. The firm has a market cap of $68.42 billion, a price-to-earnings ratio of 6.24 and a beta of 1.18. Allergan PLC. has a 12 month low of $184.50 and a 12 month high of $256.80. The stock’s 50 day moving average price is $229.79 and its 200 day moving average price is $236.07.
Allergan PLC. (NYSE:AGN) last released its quarterly earnings results on Thursday, August 3rd. The company reported $4.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.95 by $0.07. Allergan PLC. had a return on equity of 7.37% and a net margin of 79.17%. The business had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $3.95 billion. During the same quarter in the previous year, the firm posted $3.35 earnings per share. The company’s revenue was up 8.8% compared to the same quarter last year. Equities research analysts predict that Allergan PLC. will post $16.26 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 18th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Wednesday, August 16th. Allergan PLC.’s dividend payout ratio (DPR) is 9.95%.
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About Allergan PLC.
Allergan, Inc is a multi-specialty healthcare company. The Company focuses on developing and commercializing pharmaceuticals, biologics, medical devices and over-the-counter (OTC) products. It discovers, develops and commercializes a range of products for the ophthalmic, neurological, medical aesthetics, medical dermatology, breast aesthetics, urological and other specialty markets.
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