First Quadrant L Pca buys $56,755,687 stake in Amgen (AMGN)

Amgen (AMGN) : First Quadrant L Pca scooped up 9,900 additional shares in Amgen during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 20, 2016. The investment management firm now holds a total of 347,789 shares of Amgen which is valued at $56,755,687.Amgen makes up approximately 1.22% of First Quadrant L Pca’s portfolio.

Amgen closed down -1.16 points or -0.71% at $163.19 with 27,57,177 shares getting traded on Friday. Post opening the session at $164.52, the shares hit an intraday low of $162.18 and an intraday high of $164.7 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Community Bank N.a. boosted its stake in AMGN in the latest quarter, The investment management firm added 1,065 additional shares and now holds a total of 7,915 shares of Amgen which is valued at $1,291,649. Amgen makes up approx 0.31% of Community Bank N.a.’s portfolio.Private Bank Trust Co boosted its stake in AMGN in the latest quarter, The investment management firm added 1,530 additional shares and now holds a total of 4,532 shares of Amgen which is valued at $739,577. Amgen makes up approx 0.13% of Private Bank Trust Co’s portfolio.Gofen Glossberg Il boosted its stake in AMGN in the latest quarter, The investment management firm added 149 additional shares and now holds a total of 21,114 shares of Amgen which is valued at $3,380,985. Amgen makes up approx 0.14% of Gofen Glossberg Il’s portfolio.Jlb Associates Inc boosted its stake in AMGN in the latest quarter, The investment management firm added 590 additional shares and now holds a total of 48,374 shares of Amgen which is valued at $7,565,210. Amgen makes up approx 2.23% of Jlb Associates Inc’s portfolio.Chevy Chase Trust Holdings boosted its stake in AMGN in the latest quarter, The investment management firm added 679 additional shares and now holds a total of 677,360 shares of Amgen which is valued at $105,932,330. Amgen makes up approx 0.61% of Chevy Chase Trust Holdings’s portfolio.

On the company’s financial health, Amgen reported $2.61 EPS for the quarter, beating the analyst consensus estimate by $ 0.32 according to the earnings call on Jan 28, 2016. Analyst had a consensus of $2.29. The company had revenue of $5536.00 million for the quarter, compared to analysts expectations of $5534.94 million. The company’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.16 EPS.

Investors should note that on Mar 2, 2016, Amgen announced a cash dividend of $1.0000. The company’s management has announced May 13, 2016 as the ex-dividend date and fixed the record date on May 17, 2016. The payable date has been fixed on Jun 8, 2016.

Many Wall Street Analysts have commented on Amgen. Citigroup Initiated Amgen on Feb 25, 2016 to “Neutral”, Price Target of the shares are set at $165.Shares were Reiterated by Argus on Feb 8, 2016 to “Buy” and Lowered the Price Target to $ 185 from a previous price target of $202 .

Amgen Inc. (Amgen) is a biotechnology company. The Company is engaged in discovering developing manufacturing and delivering human therapeutics. The Company’s sales and marketing forces are located in the United States and Europe. In the United States it sells its products to pharmaceutical wholesale distributors. The Company also markets certain products directly to consumers through direct-to-consumer print and television advertising as well as through the Internet. Outside the United States the Company sells its products to healthcare providers and/or pharmaceutical wholesale distributors. The Company’s products include Neulasta (pegfilgrastim)/NEUPOGEN (filgrastim) Enbrel (etanercept) XGEVA/Prolia (denosumab) ESAs (erythropoiesis-stimulating agents) Sensipar/Mimpara (cinacalcet) Kyprolis and Evolocumab among others.

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