MAI Capital Management Has $21.81 Million Holdings in Amgen Inc. $AMGN

MAI Capital Management increased its stake in shares of Amgen Inc. (NASDAQ:AMGNFree Report) by 9.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 77,291 shares of the medical research company’s stock after purchasing an additional 6,660 shares during the quarter. MAI Capital Management’s holdings in Amgen were worth $21,811,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMGN. TAGStone Capital Inc. grew its holdings in shares of Amgen by 0.8% during the 3rd quarter. TAGStone Capital Inc. now owns 4,101 shares of the medical research company’s stock valued at $1,157,000 after acquiring an additional 32 shares in the last quarter. BBR Partners LLC boosted its position in Amgen by 0.5% during the third quarter. BBR Partners LLC now owns 7,117 shares of the medical research company’s stock valued at $2,008,000 after purchasing an additional 32 shares during the last quarter. JFS Wealth Advisors LLC grew its stake in Amgen by 3.2% in the third quarter. JFS Wealth Advisors LLC now owns 1,070 shares of the medical research company’s stock valued at $302,000 after purchasing an additional 33 shares in the last quarter. Wealth Quarterback LLC increased its position in Amgen by 1.6% in the 3rd quarter. Wealth Quarterback LLC now owns 2,210 shares of the medical research company’s stock worth $624,000 after purchasing an additional 34 shares during the last quarter. Finally, DDFG Inc raised its stake in shares of Amgen by 1.1% during the 3rd quarter. DDFG Inc now owns 3,014 shares of the medical research company’s stock worth $850,000 after purchasing an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 76.50% of the company’s stock.

Amgen Trading Up 0.9%

Shares of NASDAQ:AMGN opened at $382.87 on Wednesday. The company has a debt-to-equity ratio of 5.78, a quick ratio of 0.90 and a current ratio of 1.14. The stock’s 50-day moving average is $345.41 and its 200-day moving average is $317.87. The company has a market cap of $206.39 billion, a P/E ratio of 26.91, a P/E/G ratio of 3.76 and a beta of 0.46. Amgen Inc. has a 52-week low of $261.43 and a 52-week high of $385.12.

Amgen (NASDAQ:AMGNGet Free Report) last announced its earnings results on Tuesday, February 3rd. The medical research company reported $5.29 earnings per share for the quarter, beating the consensus estimate of $4.76 by $0.53. The firm had revenue of $9.87 billion during the quarter, compared to the consensus estimate of $9.46 billion. Amgen had a return on equity of 148.37% and a net margin of 20.98%.The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.31 EPS. Amgen has set its FY 2026 guidance at 21.600-23.000 EPS. Equities research analysts predict that Amgen Inc. will post 20.62 earnings per share for the current year.

Amgen Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Friday, February 13th will be given a $2.52 dividend. The ex-dividend date is Friday, February 13th. This represents a $10.08 annualized dividend and a yield of 2.6%. This is a positive change from Amgen’s previous quarterly dividend of $2.38. Amgen’s dividend payout ratio (DPR) is 70.84%.

More Amgen News

Here are the key news stories impacting Amgen this week:

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. The Goldman Sachs Group boosted their price target on Amgen from $403.00 to $415.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Royal Bank Of Canada increased their price target on shares of Amgen from $335.00 to $360.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Cantor Fitzgerald lifted their price objective on shares of Amgen from $315.00 to $350.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. BMO Capital Markets upped their price objective on shares of Amgen from $335.00 to $372.00 and gave the stock an “outperform” rating in a report on Wednesday, December 3rd. Finally, Wells Fargo & Company boosted their price target on Amgen from $325.00 to $375.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $351.76.

View Our Latest Research Report on AMGN

Amgen Company Profile

(Free Report)

Amgen Inc (NASDAQ: AMGN) is a global biotechnology company founded in 1980 and headquartered in Thousand Oaks, California. The company focuses on discovering, developing, manufacturing and delivering human therapeutics that address serious illnesses. Amgen’s work centers on biologic medicines derived from cellular and molecular biology, with an emphasis on translating advances in human genetics and protein science into therapies for patients.

Amgen’s commercial portfolio has historically included biologics used in oncology, supportive care, nephrology, bone health and cardiovascular disease.

Featured Articles

Want to see what other hedge funds are holding AMGN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amgen Inc. (NASDAQ:AMGNFree Report).

Institutional Ownership by Quarter for Amgen (NASDAQ:AMGN)

Receive News & Ratings for Amgen Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amgen and related companies with MarketBeat.com's FREE daily email newsletter.