Published: Wed, December 20, 2017
Business | By Max Garcia

How Have Institutional Investors Been Trading Amgen Inc. (AMGN)?


This repurchase authorization authorizes the medical research company to repurchase shares of its stock through open market purchases.

There are 1,678 institutional holders with active positions, accounting for 584.1 million shares in total. Third Avenue Management Llc who had been investing in Cosan Ltd. for a number of months, seems to be bullish on the $2.53B market cap company. The stock increased 0.61% or $0.39 during the last trading session, reaching $63.86. About 686,843 shares traded. (NASDAQ:ASNA) has declined 70.94% since December 19, 2016 and is downtrending. It has underperformed by 7.03% the S&P500.

Koshinski Asset Management Inc decreased its stake in Amgen Inc (AMGN) by 11.59% based on its latest 2017Q2 regulatory filing with the SEC. Insiders have sold a total of 8,575 shares of company stock valued at $1,509,339 over the last ninety days.

Looking into last 5 trades, the stock observed a return of nearly 2.94%. It has underperformed by 11.43% the S&P500. It also increased its holding in Franklin Ltd Duration Inc Tr (FTF) by 88,500 shares in the quarter, for a total of 108,205 shares, and has risen its stake in Philip Morris Intl Inc (NYSE:PM).

Investors sentiment increased to 0.91 in 2017 Q2. Its down 0.10, from 1.25 in 2017Q1. 97 funds opened positions while 444 raised stakes. Piper Jaffray maintained the shares of ASNA in report on Wednesday, December 2 with "Overweight" rating. The institutional investor owned 665,395 shares of the medical research company's stock after selling 8,567 shares during the period. 151,774 were accumulated by Nippon Life Insur. It also reduced Ubs E (MLPI) stake by 108,162 shares and now owns 111,934 shares. Welch & Forbes LLC now owns 41,862 shares of the medical research company's stock valued at $6,868,000 after buying an additional 630 shares during the period. Hemenway Company Lc owns 1,697 shares. Twin Management reported 132,690 shares stake. Carret Asset Mngmt Ltd Llc accumulated 5,571 shares. Fulton Breakefield Broenniman Ltd Liability Company stated it has 40,189 shares. Reynders Mcveigh Cap Mngmt invested in 10,329 shares. It also reduced its holding in Wayfair Inc (NYSE:W) by 340,050 shares in the quarter, leaving it with 715,253 shares, and cut its stake in Snap (NYSE:SNA).

Analysts await Amgen Inc.

Secor Capital Advisors Lp decreased Village Super Mkt Inc (NASDAQ:VLGEA) stake by 17,644 shares to 12,654 valued at $328,000 in 2017Q2. WFC's profit will be $5.12 billion for 14.64 P/E if the $1.04 EPS becomes a reality.

Quarterly Earnings Growth on year-over-year basis stands at 2.9 percent. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Therefore 68% are positive. The 52-Week High range of the stock is $191.1, while the 52-week low range is $145.12. Citigroup has "Neutral" rating and $172 target. Ascena Retail Group had 28 analyst reports since September 24, 2015 according to SRatingsIntel. (NASDAQ:AMGN) earned "Buy" rating by Argus Research on Thursday, July 27. (NASDAQ:AMGN) rating on Wednesday, August 16. The firm has "Buy" rating given on Monday, June 19 by Oppenheimer. (NASDAQ:ASNA) has "Hold" rating given on Monday, November 13 by RBC Capital Markets. The firm has "Sell" rating given on Friday, July 21 by Berenberg. The rating was maintained by Morgan Stanley on Thursday, October 26 with "Overweight". The stock has "Neutral" rating by Citigroup on Thursday, February 25.

Investors sentiment decreased to 0.99 in 2017 Q2. They expect $1.18 earnings per share, up 742.86% or $1.04 from last year's $0.14 per share.

Institutional investors have recently bought and sold shares of the stock. The legal version of this story can be viewed at https://weekherald.com/2017/12/19/amgen-inc-amgn-position-raised-by-aureus-asset-management-llc.html. There were 64 sold out positions, amounting to 1.28 million shares. Covington Capital holds 42,390 shares. 4,795 are owned by Cap City Trust Fl. Mariner Wealth Advsrs Ltd Liability Corporation, a Kansas-based fund reported 10,430 shares. Paradigm Asset Mgmt Limited Liability holds 0% of its portfolio in Amgen Inc. (NASDAQ:AMGN) by 23.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The shares of the corporation went up by 4.52% during the previous month. California State Teachers Retirement Sys has 1.39M shares. Asset Mngmt One Co has invested 0.51% in Amgen Inc. (NASDAQ:AMGN). Private Ocean Limited Liability Corp holds 0.11% or 1,000 shares. Amgen Inc Com now has $127.86 billion valuation. National Bank Of America Corp De reported 16.10 million shares. The New York-based Alliancebernstein Ltd Partnership has invested 0.18% in Amgen Inc. (NASDAQ:AMGN). Raymond James Trust Na has invested 0.58% in Amgen Inc. (NASDAQ:AMGN). 3,817 were reported by Zevin Asset Lc. According to the Analysts, the Low Earnings estimate for the current quarter is $2.91, while the High earnings estimate is $3.18.Comparatively, EPS for the same quarter a year ago was $3.13. (NASDAQ:AMGN), 11 have Buy rating, 0 Sell and 12 Hold. Therefore 0 are positive. The rating was maintained by BTIG Research on Tuesday, August 2 with "Buy". RBC Capital Markets has "Outperform" rating and $190 target. The firm has "Buy" rating by Jefferies given on Wednesday, September 6. Cowen & Co maintained Amgen Inc. (NASDAQ:AMGN) on Sunday, August 27 with "Buy" rating. Credit Suisse has "Outperform" rating and $205 target. The company was maintained on Friday, August 11 by Wells Fargo. Finally, Zacks Investment Research upgraded Amgen from a hold rating to a buy rating and set a $199.00 price objective for the company in a research report on Friday, October 27th. The stock of Ascena Retail Group, Inc. "(NASDAQ:AMGN) Stake Increased by Aureus Asset Management LLC" was originally posted by Week Herald and is the property of of Week Herald.

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