Assenagon Asset Management S.A. Sells 267,547 Shares of AbbVie Inc. $ABBV

Key Points

• Assenagon Asset Management sold 267,547 AbbVie shares (an 8.3% reduction), leaving it with 2,957,880 shares worth about $675.85 million and making AbbVie its 14th-largest holding (~0.9% of the firm's portfolio).
• Q4 results and guidance: AbbVie beat estimates with $2.71 EPS and $16.62B revenue, set FY2026 guidance of $14.370–$14.570 EPS (Q1 2026: $2.970–$3.010), and announced a $1.73 quarterly dividend ($6.92 annual, ~3.4% yield).
• Market and analyst context: Institutional investors own 70.23% of AbbVie, several large funds materially increased stakes (e.g., Wellington, Laurel, DZ Bank, Raymond James; Norges Bank added a ~$4.29B stake), and analysts rate the stock a "Moderate Buy" with a consensus target of $253.15 (market cap ~$362.3B; P/E ~86.8).

Assenagon Asset Management S.A. reduced its position in AbbVie Inc. (NYSE:ABBV - Free Report) by 8.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,957,880 shares of the company's stock after selling 267,547 shares during the period. AbbVie accounts for approximately 0.9% of Assenagon Asset Management S.A.'s investment portfolio, making the stock its 14th largest holding. Assenagon Asset Management S.A. owned approximately 0.17% of AbbVie worth $675,846,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in ABBV. Norges Bank acquired a new stake in AbbVie in the second quarter worth about $4,288,200,000. Wellington Management Group LLP lifted its position in AbbVie by 457.4% during the 3rd quarter. Wellington Management Group LLP now owns 10,536,901 shares of the company's stock valued at $2,439,714,000 after purchasing an additional 8,646,424 shares during the period. Laurel Wealth Advisors LLC lifted its position in AbbVie by 18,384.4% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 5,705,964 shares of the company's stock valued at $1,059,141,000 after purchasing an additional 5,675,095 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of AbbVie by 169.3% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,722,893 shares of the company's stock valued at $876,662,000 after purchasing an additional 2,969,202 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its stake in shares of AbbVie by 41.8% in the 2nd quarter. Raymond James Financial Inc. now owns 9,337,480 shares of the company's stock valued at $1,733,222,000 after purchasing an additional 2,753,312 shares during the last quarter. Institutional investors own 70.23% of the company's stock.

AbbVie Price Performance

AbbVie stock opened at $204.89 on Tuesday. The firm has a market capitalization of $362.29 billion, a price-to-earnings ratio of 86.82, a PEG ratio of 0.71 and a beta of 0.34. The company's 50 day simple moving average is $222.79 and its 200 day simple moving average is $224.80. AbbVie Inc. has a fifty-two week low of $164.39 and a fifty-two week high of $244.81.

AbbVie (NYSE:ABBV - Get Free Report) last issued its earnings results on Wednesday, February 4th. The company reported $2.71 EPS for the quarter, beating the consensus estimate of $2.65 by $0.06. The firm had revenue of $16.62 billion during the quarter, compared to the consensus estimate of $16.39 billion. AbbVie had a net margin of 6.91% and a negative return on equity of 1,579.75%. The business's quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.16 earnings per share. AbbVie has set its FY 2026 guidance at 14.370-14.570 EPS and its Q1 2026 guidance at 2.970-3.010 EPS. As a group, analysts predict that AbbVie Inc. will post 12.31 EPS for the current fiscal year.

AbbVie Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Wednesday, April 15th will be given a $1.73 dividend. The ex-dividend date is Wednesday, April 15th. This represents a $6.92 dividend on an annualized basis and a dividend yield of 3.4%. AbbVie's dividend payout ratio is currently 293.22%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Piper Sandler boosted their price target on shares of AbbVie from $289.00 to $299.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 18th. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of AbbVie in a research note on Thursday, February 5th. Barclays began coverage on shares of AbbVie in a report on Thursday, February 19th. They set an "overweight" rating and a $275.00 target price for the company. UBS Group dropped their target price on shares of AbbVie from $240.00 to $230.00 and set a "neutral" rating for the company in a research report on Thursday, February 5th. Finally, HSBC raised AbbVie from a "hold" rating to a "buy" rating and increased their price target for the company from $225.00 to $265.00 in a research note on Wednesday, December 10th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, AbbVie presently has an average rating of "Moderate Buy" and a consensus price target of $253.15.

Insider Buying and Selling at AbbVie

In other AbbVie news, SVP David Ryan Purdue sold 5,230 shares of the business's stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $233.56, for a total value of $1,221,518.80. Following the completion of the transaction, the senior vice president directly owned 2,654 shares of the company's stock, valued at approximately $619,868.24. The trade was a 66.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Perry C. Siatis sold 22,381 shares of the stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $230.00, for a total value of $5,147,630.00. Following the completion of the sale, the executive vice president owned 38,137 shares of the company's stock, valued at $8,771,510. This trade represents a 36.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.08% of the company's stock.

About AbbVie

AbbVie is a global, research-driven biopharmaceutical company that was created as a spin-off from Abbott Laboratories in 2013 and is headquartered in North Chicago, Illinois. The company focuses on discovering, developing and commercializing therapies for complex and often chronic medical conditions. Its operations span research and development, manufacturing, regulatory affairs and commercialization, with an emphasis on bringing specialty medicines to market across multiple therapeutic areas.

AbbVie's product portfolio and pipeline cover several major therapeutic categories, including immunology, oncology, neuroscience, virology and women's health.

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