Zions Bancorporation National Association UT reduced its stake in Amgen Inc. by 28.6% in the third quarter, selling 10,088 shares and bringing its total holdings to 25,166 shares valued at $7,102,000. This comes amidst mixed sentiment for Amgen, with positive news including European Commission approval for Uplinza and a dividend increase to $2.52 per share, countered by neutral analyst ratings and sector-level concerns. Hedge funds and other institutional investors collectively own 76.50% of the company’s stock, and Amgen recently reported strong Q4 earnings, surpassing analyst estimates with $5.29 EPS and $9.87 billion in revenue.
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Zions Bancorporation National Association UT Sells 10,088 Shares of Amgen Inc. $AMGN
Zions Bancorporation National Association UT reduced its stake in Amgen Inc. by 28.6% in the third quarter, selling 10,088 shares and bringing its total holdings to 25,166 shares valued at $7,102,000. This comes amidst mixed sentiment for Amgen, with positive news including European Commission approval for Uplinza and a dividend increase to $2.52 per share, countered by neutral analyst ratings and sector-level concerns. Hedge funds and other institutional investors collectively own 76.50% of the company’s stock, and Amgen recently reported strong Q4 earnings, surpassing analyst estimates with $5.29 EPS and $9.87 billion in revenue.