Janney Montgomery Scott LLC trimmed its position in Sanofi SA (NYSE:SNY) by 14.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 73,994 shares of the company’s stock after selling 12,518 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Sanofi were worth $3,305,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in SNY. Squar Milner Financial Services LLC purchased a new stake in Sanofi in the 2nd quarter worth approximately $169,000. Stratos Wealth Partners LTD. purchased a new stake in Sanofi during the 3rd quarter valued at approximately $174,000. New England Research & Management Inc. purchased a new stake in Sanofi during the 3rd quarter valued at approximately $205,000. Nisa Investment Advisors LLC purchased a new stake in Sanofi during the 3rd quarter valued at approximately $205,000. Finally, Natixis purchased a new stake in Sanofi during the 2nd quarter valued at approximately $213,000. 7.47% of the stock is owned by institutional investors.

NYSE SNY opened at $45.10 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.22 and a debt-to-equity ratio of 0.40. The company has a market cap of $112.61 billion, a PE ratio of 14.41, a PEG ratio of 2.54 and a beta of 0.70. Sanofi SA has a one year low of $37.43 and a one year high of $46.25.

Sanofi (NYSE:SNY) last posted its earnings results on Wednesday, October 31st. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.09. The firm had revenue of $9.39 billion during the quarter, compared to the consensus estimate of $9.10 billion. Sanofi had a return on equity of 18.18% and a net margin of 12.20%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.71 EPS. On average, sell-side analysts expect that Sanofi SA will post 3.09 EPS for the current year.

SNY has been the subject of a number of research analyst reports. Citigroup raised shares of Sanofi from a “neutral” rating to a “buy” rating in a report on Friday, August 10th. Wolfe Research initiated coverage on shares of Sanofi in a report on Tuesday, October 23rd. They set a “market perform” rating for the company. Zacks Investment Research lowered shares of Sanofi from a “hold” rating to a “sell” rating in a report on Tuesday, October 16th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Sanofi in a report on Wednesday, October 31st. Finally, Barclays raised shares of Sanofi from an “underweight” rating to an “equal weight” rating in a report on Thursday, November 1st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $49.50.

In other news, major shareholder Sanofi sold 104,552 shares of the stock in a transaction that occurred on Thursday, September 6th. The stock was sold at an average price of $406.68, for a total transaction of $42,519,207.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is currently owned by corporate insiders.

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About Sanofi

Sanofi provides therapeutic solutions. It offers Cerezyme and Cerdelga for Gaucher disease, Myozyme and Lumizyme for Pompe disease, Fabrazyme for Fabry disease, and Aldurazyme for mucopolysaccharidosis Type 1; Aubagio, an oral immunomodulatory; and Lemtrada, a monoclonal antibody to treat multiple sclerosis.

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Institutional Ownership by Quarter for Sanofi (NYSE:SNY)

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