Keating Financial Advisory Services Inc. acquired a new stake in Merck KGaA (OTCMKTS:MKGAF – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,606 shares of the company’s stock, valued at approximately $592,000.
Several other institutional investors have also added to or reduced their stakes in MKGAF. Tocqueville Asset Management L.P. acquired a new stake in shares of Merck KGaA in the 2nd quarter valued at $57,546,000. August Group Capital Ltd acquired a new position in shares of Merck KGaA during the 2nd quarter worth $390,000. Great Lakes Advisors LLC acquired a new position in shares of Merck KGaA during the 2nd quarter worth $183,444,000. Bell & Brown Wealth Advisors LLC acquired a new position in shares of Merck KGaA during the 2nd quarter worth $5,662,000. Finally, BOK Financial Private Wealth Inc. bought a new stake in shares of Merck KGaA during the 2nd quarter worth $523,000. 0.10% of the stock is currently owned by institutional investors and hedge funds.
Merck KGaA Stock Performance
OTCMKTS:MKGAF opened at $163.21 on Friday. The stock’s 50-day simple moving average is $162.62 and its 200 day simple moving average is $148.46. The firm has a market capitalization of $21.09 billion, a PE ratio of 24.92 and a beta of 0.96. The company has a quick ratio of 0.84, a current ratio of 1.31 and a debt-to-equity ratio of 0.27. Merck KGaA has a twelve month low of $116.68 and a twelve month high of $175.56.
Merck KGaA Profile
Merck KGaA, headquartered in Darmstadt, Germany, is a long-established multinational chemical and pharmaceutical company with roots dating back to 1668. Operating under the brand Merck Group (and using distinct consumer-facing names in certain regions to avoid confusion with other companies of similar name), the company is privately controlled by the Merck family and organizes its activities across multiple business units that serve customers in Europe, the Americas, Asia-Pacific and beyond.
The company’s operations are organized mainly into three businesses.
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