GYL Financial Synergies LLC Acquires New Holdings in Amgen, Inc. (AMGN)

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GYL Financial Synergies LLC acquired a new position in Amgen, Inc. (NASDAQ:AMGN) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 2,297 shares of the medical research company’s stock, valued at approximately $447,000.

A number of other hedge funds have also modified their holdings of the stock. Blue Fin Capital Inc. grew its position in shares of Amgen by 10.0% in the 3rd quarter. Blue Fin Capital Inc. now owns 7,449 shares of the medical research company’s stock worth $1,544,000 after buying an additional 677 shares during the period. Vident Investment Advisory LLC grew its position in shares of Amgen by 135.5% in the 3rd quarter. Vident Investment Advisory LLC now owns 5,238 shares of the medical research company’s stock worth $1,086,000 after buying an additional 3,014 shares during the period. Cypress Capital Group grew its position in shares of Amgen by 4.1% in the 3rd quarter. Cypress Capital Group now owns 18,096 shares of the medical research company’s stock worth $3,751,000 after buying an additional 708 shares during the period. HRT Financial LLC grew its position in shares of Amgen by 137.7% in the 3rd quarter. HRT Financial LLC now owns 5,959 shares of the medical research company’s stock worth $1,235,000 after buying an additional 3,452 shares during the period. Finally, Brown Brothers Harriman & Co. grew its position in shares of Amgen by 8.6% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 7,628 shares of the medical research company’s stock worth $1,581,000 after buying an additional 603 shares during the period. 79.18% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ AMGN opened at $188.05 on Wednesday. The company has a current ratio of 2.79, a quick ratio of 2.57 and a debt-to-equity ratio of 2.36. The stock has a market cap of $117.77 billion, a PE ratio of 13.06, a P/E/G ratio of 2.34 and a beta of 1.21. Amgen, Inc. has a 52-week low of $165.22 and a 52-week high of $210.19.

Amgen (NASDAQ:AMGN) last announced its quarterly earnings results on Tuesday, January 29th. The medical research company reported $3.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.26 by $0.16. The firm had revenue of $6.23 billion for the quarter, compared to the consensus estimate of $5.88 billion. Amgen had a net margin of 35.35% and a return on equity of 66.74%. During the same quarter last year, the firm posted $2.89 EPS. On average, equities research analysts forecast that Amgen, Inc. will post 13.96 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be issued a dividend of $1.45 per share. This represents a $5.80 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend is Thursday, May 16th. Amgen’s payout ratio is presently 40.28%.

A number of analysts have recently weighed in on the stock. Mizuho set a $208.00 target price on shares of Amgen and gave the stock a “buy” rating in a research report on Friday, April 12th. Zacks Investment Research downgraded shares of Amgen from a “buy” rating to a “hold” rating in a research report on Wednesday, January 23rd. BidaskClub downgraded shares of Amgen from a “buy” rating to a “hold” rating in a research report on Wednesday, February 20th. Royal Bank of Canada reaffirmed a “neutral” rating and issued a target price on shares of Amgen in a research report on Monday, January 14th. Finally, Morgan Stanley reduced their target price on shares of Amgen from $213.00 to $212.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 19th. Eleven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $209.11.

In other news, Director Ronald D. Sugar sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $188.88, for a total transaction of $377,760.00. Following the sale, the director now owns 14,988 shares of the company’s stock, valued at approximately $2,830,933.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders have sold 6,000 shares of company stock worth $1,144,120. Insiders own 0.27% of the company’s stock.

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Amgen Company Profile

Amgen Inc discovers, develops, manufactures, and delivers human therapeutics worldwide. It offers products for the treatment of oncology/hematology, cardiovascular, inflammation, bone health, and neuroscience. The company's products include Enbrel to treat plaque psoriasis, rheumatoid arthritis, and psoriatic arthritis; Neulasta, a pegylated protein to treat cancer patients; Prolia to treat postmenopausal women with osteoporosis; Aranesp to treat anemia; Xgeva for skeletal-related events prevention; Sensipar/Mimpara products to treat sHPT in chronic kidney disease; and EPOGEN to treat a lower-than-normal number of red blood cells.

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Institutional Ownership by Quarter for Amgen (NASDAQ:AMGN)

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