Amgen Inc. (NASDAQ:AMGN) was downgraded by investment analysts at Argus from a "buy" rating to a "hold" rating in a report issued on Wednesday, November 1st, Marketbeat.com reports. About 1.35M shares traded.
Amgen Inc., launched on October 31, 1986, is a biotechnology company. Greystone Managed Investments Inc acquired 22,561 shares as Canadian Natl Ry Co (CNI)'s stock rose 4.48%.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Finally, Baker Ellis Asset Management LLC bought a new stake in Amgen during the 3rd quarter worth about $108,000. Alethea Capital Management Llc owns 248,150 shares or 1.61% of their USA portfolio. Finally, Smithfield Trust Co. raised its stake in Amgen by 5.3% in the second quarter. The company's stock had a trading volume of 1,927,300 shares, compared to its average volume of 3,255,177. The Greystone Managed Investments Inc holds 880,139 shares with $71.31M value, up from 857,578 last quarter. Janus Henderson Group PLC now owns 3,699,351 shares of the medical research company's stock worth $637,139,000 after purchasing an additional 3,601,087 shares in the last quarter. Alpha Omega Wealth Management LLC increased its holdings in shares of Amgen by 19.0% in the first quarter. American Beacon Advisors Inc. purchased a new position in Amgen in the 1st quarter valued at approximately $106,000. This repurchase authorization permits the medical research company to buy shares of its stock through open market purchases. Company insiders own 0.19% of the company's stock.
AMGN has been the subject of several other reports.
Sarasin & Partners LLP trimmed its holdings in shares of Amgen Inc. On Thursday, October 26 the stock rating was maintained by RBC Capital Markets with "Hold". 557.32 million shares or 1.16% less from 563.88 million shares in 2017Q1 were reported. Cann reaffirmed a "buy" rating and issued a $203.00 price objective (up from $189.00) on shares of Amgen in a research note on Wednesday, July 26th. The firm has "Buy" rating by UBS given on Thursday, October 29. (NASDAQ:AMGN), 10 have Buy rating, 0 Sell and 12 Hold. Oppenheimer maintained the stock with "Buy" rating in Wednesday, July 12 report.
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"Penobscot Investment Management Company Inc". Renaissance Technologies LLC lifted its position in shares of Amgen by 40.9% in the second quarter. This defines the most likely future of the stock price of Amgen Inc. About shares traded. Delaware Enhanced Glbl. The company has a debt-to-equity ratio of 1.05, a quick ratio of 5.72 and a current ratio of 6.07. The firm has a market cap of $124,490.00, a PE ratio of 13.70, a P/E/G ratio of 2.50 and a beta of 1.37.
Amgen Inc. has a 1-year low of $139.02 and a 1-year high of $176.85.
Amgen (NASDAQ:AMGN) last posted its quarterly earnings data on Wednesday, October 25th. Amgen Inc. had 72 analyst reports since August 3, 2015 according to SRatingsIntel. Amgen had a net margin of 35.54% and a return on equity of 29.90%. The firm had revenue of $5.77 billion for the quarter, compared to analyst estimates of $5.75 billion. After $3.27 actual earnings per share reported by Amgen, Inc. for the previous quarter, Wall Street now forecasts -7.65% negative EPS growth.
Amgen declared that its Board of Directors has initiated a share repurchase plan on Wednesday, October 25th that allows the company to buyback $5.00 billion in shares. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 2.67%. Amgen's dividend payout ratio is presently 41.55%. Moreover, Saba Capital Management L.P. has 1.08% invested in the company for 1.05 million shares.
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In other news, VP Annette Louise Such sold 3,000 shares of the business's stock in a transaction dated Tuesday, August 2nd. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
In related news, Director Carbonnel Francois De sold 4,000 shares of the company's stock in a transaction dated Wednesday, November 8th. Zurcher Kantonalbank Zurich Cantonalbank sold 75,163 shares as Morgan Stanley (MS)'s stock declined 9.43%. The disclosure for this sale can be found here.
In the market the company is trading down by 0.30% since yesterday's close of 172.35.
The ROA of Amgen Inc.is now valued at 10.40% indicating how profitable the company is in regards to its total assets. The Company discovers, develops, manufactures and delivers various human therapeutics.
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