Siemens Fonds Invest GmbH Grows Stock Holdings in Amgen Inc. $AMGN

Siemens Fonds Invest GmbH increased its position in shares of Amgen Inc. (NASDAQ:AMGNFree Report) by 5.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,509 shares of the medical research company’s stock after purchasing an additional 1,735 shares during the period. Siemens Fonds Invest GmbH’s holdings in Amgen were worth $8,892,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Evelyn Partners Investment Management LLP purchased a new stake in Amgen during the 2nd quarter worth about $32,000. Howard Hughes Medical Institute purchased a new position in shares of Amgen in the 2nd quarter valued at about $32,000. Cloud Capital Management LLC purchased a new position in shares of Amgen in the 3rd quarter valued at about $34,000. AXS Investments LLC acquired a new stake in shares of Amgen during the 3rd quarter worth about $42,000. Finally, Winnow Wealth LLC purchased a new stake in Amgen during the third quarter worth approximately $47,000. Hedge funds and other institutional investors own 76.50% of the company’s stock.

Amgen Price Performance

AMGN stock opened at $366.21 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.90 and a debt-to-equity ratio of 5.78. The company has a market capitalization of $197.41 billion, a P/E ratio of 25.74, a PEG ratio of 3.65 and a beta of 0.45. The business has a 50 day simple moving average of $357.73 and a 200-day simple moving average of $325.17. Amgen Inc. has a twelve month low of $261.43 and a twelve month high of $391.29.

Amgen (NASDAQ:AMGNGet Free Report) last announced its earnings results on Tuesday, February 3rd. The medical research company reported $5.29 EPS for the quarter, beating analysts’ consensus estimates of $4.76 by $0.53. Amgen had a net margin of 20.98% and a return on equity of 148.37%. The business had revenue of $9.87 billion for the quarter, compared to analysts’ expectations of $9.46 billion. During the same period in the previous year, the company posted $5.31 EPS. The company’s quarterly revenue was up 8.6% on a year-over-year basis. Amgen has set its FY 2026 guidance at 21.600-23.000 EPS. As a group, equities analysts anticipate that Amgen Inc. will post 20.62 EPS for the current year.

Amgen Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 15th will be paid a $2.52 dividend. The ex-dividend date is Friday, May 15th. This represents a $10.08 dividend on an annualized basis and a yield of 2.8%. Amgen’s payout ratio is currently 70.84%.

Trending Headlines about Amgen

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Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Royal Bank Of Canada raised their price objective on shares of Amgen from $335.00 to $360.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Piper Sandler upped their target price on shares of Amgen from $381.00 to $432.00 and gave the company an “overweight” rating in a report on Wednesday, February 18th. Citigroup increased their target price on shares of Amgen from $315.00 to $345.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Oppenheimer set a $400.00 price target on shares of Amgen and gave the stock an “outperform” rating in a research note on Thursday, January 29th. Finally, Sanford C. Bernstein cut shares of Amgen from an “outperform” rating to a “market perform” rating and set a $335.00 price target for the company. in a research report on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $354.00.

View Our Latest Analysis on AMGN

Amgen 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.

See Also

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Institutional Ownership by Quarter for Amgen (NASDAQ:AMGN)

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