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Vanguard Group Inc. Purchases 165,281 Shares of Amgen Inc. $AMGN
Vanguard Group Inc. increased its stake in Amgen Inc. by 0.3% in the third quarter, acquiring an additional 165,281 shares and now owning approximately 10.01% of the company, valued at over $15.2 billion. Amgen also reported strong financial results with EPS of $5.29, beating estimates, and raised its quarterly dividend to $2.52 per share, indicating management confidence in cash flow. The stock currently has a “Moderate Buy” rating from analysts with an average target price of $354.04.