Keybank National Association OH boosted its holdings in Amgen Inc. (NASDAQ:AMGN – Free Report) by 36.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 247,506 shares of the medical research company’s stock after purchasing an additional 65,950 shares during the quarter. Keybank National Association OH’s holdings in Amgen were worth $81,011,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in AMGN. Robeco Institutional Asset Management B.V. increased its stake in Amgen by 10.0% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 481,453 shares of the medical research company’s stock worth $157,584,000 after acquiring an additional 43,884 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in Amgen by 2.3% during the third quarter. Sequoia Financial Advisors LLC now owns 160,646 shares of the medical research company’s stock worth $45,334,000 after acquiring an additional 3,619 shares during the last quarter. Curtis Advisory Group LLC acquired a new stake in Amgen during the fourth quarter worth about $1,669,000. Davis Capital Management acquired a new stake in Amgen during the third quarter worth about $1,841,000. Finally, D.A. Davidson & CO. increased its stake in Amgen by 2.6% during the third quarter. D.A. Davidson & CO. now owns 243,054 shares of the medical research company’s stock worth $68,590,000 after acquiring an additional 6,222 shares during the last quarter. 76.50% of the stock is currently owned by institutional investors and hedge funds.
Amgen Trading Down 0.2%
Shares of AMGN opened at $339.57 on Wednesday. The company has a market capitalization of $183.26 billion, a P/E ratio of 23.86, a P/E/G ratio of 3.36 and a beta of 0.47. Amgen Inc. has a one year low of $261.43 and a one year high of $391.29. 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 has a 50-day moving average price of $359.49 and a 200 day moving average price of $340.43.
Amgen Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 15th will be issued a dividend of $2.52 per share. This represents a $10.08 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, May 15th. Amgen’s dividend payout ratio (DPR) is currently 70.84%.
Amgen News Roundup
Here are the key news stories impacting Amgen this week:
- Positive Sentiment: FDA has recruited Amgen into a pilot to use AI/real‑time review tools to accelerate clinical trial evaluation — this positions Amgen to benefit from faster regulatory interactions and modernized trial data flow. FDA Recruits AstraZeneca, Amgen in Bet on AI to Accelerate Drug Development
- Positive Sentiment: Goldman Sachs reiterated a Buy rating with a $415 price target, highlighting conviction in Amgen’s longer‑term growth drivers (pipeline and Lp(a) program). Analyst Maintains Buy on Amgen, Citing Growth Drivers and Upside Potential While Reiterating $415 Price Target
- Positive Sentiment: Industry coverage of Lp(a) inhibitors lists Amgen among firms developing a potential new cardiovascular blockbuster market — favorable for long‑term pipeline expectations. Pharma bets a little-known cholesterol will underpin its next blockbuster heart drugs
- Neutral Sentiment: Morgan Stanley nudged its price target higher to $326 but kept an Equal‑Weight rating, signaling modestly improved views but no conviction for immediate outperformance. Morgan Stanley adjusts price target on Amgen to $326 from $309; maintains Equal-Weight rating
- Neutral Sentiment: Analyst previews and earnings‑watch pieces note Amgen’s mixed forces: strong sales from key drugs but pricing pressure, biosimilar competition and patent expiries — Q1 results will be closely parsed. Amgen to Report Q1 Earnings: Can It Keep the Beat Streak Alive?
- Neutral Sentiment: Canaccord initiated coverage with a Hold, reflecting execution recognition but tempered near‑term expectations. Why Amgen Inc. (AMGN) is One of the Best Stem Cell Therapy Stocks to Buy
- Negative Sentiment: The FDA’s Center for Drug Evaluation and Research proposed withdrawing approval of Tavneos, citing lack of proven effectiveness and alleged untrue statements in the approval application — a direct regulatory and commercial risk for Amgen’s portfolio and reputation. FDA proposes to withdraw Amgen’s rare autoimmune disease drug
- Negative Sentiment: FDA review panels and reporting allege manipulated trial analyses and challenge Tavneos’ efficacy and safety record — these allegations increase the chance of enforcement action, litigation and commercial disruption. FDA Review Panel Challenges Amgen’s Tavneos Approval On Efficacy, Data Grounds
Wall Street Analyst Weigh In
Several equities research analysts have commented on the company. The Goldman Sachs Group upped their price target on Amgen from $403.00 to $415.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Canaccord Genuity Group began coverage on Amgen in a research note on Monday, April 20th. They issued a “hold” rating and a $366.00 target price for the company. Cantor Fitzgerald reiterated a “neutral” rating and issued a $350.00 target price on shares of Amgen in a research note on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft increased their target price on Amgen from $285.00 to $295.00 and gave the company a “hold” rating in a research note on Thursday, February 5th. Finally, Guggenheim increased their target price on Amgen from $347.00 to $351.00 and gave the company a “neutral” rating in a research note on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $356.62.
Get Our Latest Report on Amgen
Amgen Company Profile
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.
Further Reading
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