Deutsche Bank AG Makes New $323.25 Million Investment in Regeneron Pharmaceuticals, Inc. $REGN

Key Points

• Deutsche Bank initiated a $323.25 million position in Regeneron Pharmaceuticals during the second quarter, acquiring 518,409 shares and holding approximately 0.49% of the company. Institutional investors collectively own 83.31% of REGN.
• Regeneron reported strong quarterly results, with earnings per share of $14.29 versus the $10.16 consensus estimate and revenue of $4.29 billion, up 16.7% year over year.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $801.70. Regeneron also declared a quarterly dividend of $0.94 per share, representing a 0.5% annualized yield.

Deutsche Bank AG bought a new position in shares of Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 518,409 shares of the biopharmaceutical company's stock, valued at approximately $323,249,000. Deutsche Bank AG owned about 0.49% of Regeneron Pharmaceuticals at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Orbimed Advisors LLC purchased a new position in shares of Regeneron Pharmaceuticals during the first quarter worth $11,358,000. Lockheed Martin Investment Management Co. acquired a new position in Regeneron Pharmaceuticals during the fourth quarter valued at $2,702,000. National Pension Service boosted its holdings in Regeneron Pharmaceuticals by 29.8% in the fourth quarter. National Pension Service now owns 360,988 shares of the biopharmaceutical company's stock valued at $278,636,000 after purchasing an additional 82,853 shares during the last quarter. AE Wealth Management LLC boosted its holdings in Regeneron Pharmaceuticals by 36.7% in the fourth quarter. AE Wealth Management LLC now owns 5,474 shares of the biopharmaceutical company's stock valued at $4,226,000 after purchasing an additional 1,470 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in Regeneron Pharmaceuticals during the 4th quarter worth about $10,472,000. Hedge funds and other institutional investors own 83.31% of the company's stock.

Regeneron Pharmaceuticals Trading Up 0.3%

Shares of REGN opened at $805.93 on Tuesday. The firm has a 50-day moving average price of $679.69 and a 200 day moving average price of $714.24. The firm has a market capitalization of $82.98 billion, a P/E ratio of 19.92, a P/E/G ratio of 1.37 and a beta of 0.21. The company has a current ratio of 3.34, a quick ratio of 2.78 and a debt-to-equity ratio of 0.06. Regeneron Pharmaceuticals, Inc. has a 12-month low of $541.00 and a 12-month high of $821.11.

Regeneron Pharmaceuticals (NASDAQ:REGN - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The biopharmaceutical company reported $14.29 EPS for the quarter, beating the consensus estimate of $10.16 by $4.13. The firm had revenue of $4.29 billion for the quarter, compared to analyst estimates of $3.82 billion. Regeneron Pharmaceuticals had a net margin of 27.86% and a return on equity of 13.47%. The business's revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $12.81 EPS. Sell-side analysts forecast that Regeneron Pharmaceuticals, Inc. will post 44.25 EPS for the current year.

Regeneron Pharmaceuticals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Tuesday, August 18th will be given a dividend of $0.94 per share. The ex-dividend date is Tuesday, August 18th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.5%. Regeneron Pharmaceuticals's dividend payout ratio (DPR) is currently 9.29%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Truist Financial lifted their price objective on Regeneron Pharmaceuticals from $769.00 to $772.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Guggenheim raised their target price on Regeneron Pharmaceuticals from $1,000.00 to $1,030.00 and gave the stock a "buy" rating in a report on Monday, August 3rd. Cantor Fitzgerald lifted their price target on Regeneron Pharmaceuticals from $750.00 to $795.00 and gave the company an "overweight" rating in a research report on Friday, July 31st. Barclays decreased their price target on Regeneron Pharmaceuticals from $923.00 to $917.00 and set an "overweight" rating for the company in a report on Thursday, April 30th. Finally, Sanford C. Bernstein upgraded Regeneron Pharmaceuticals to a "hold" rating in a research report on Wednesday, July 29th. Sixteen investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $801.70.

Insider Transactions at Regeneron Pharmaceuticals

In other Regeneron Pharmaceuticals news, Director Kathryn Guarini sold 400 shares of the business's stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $800.00, for a total value of $320,000.00. Following the sale, the director owned 603 shares of the company's stock, valued at $482,400. The trade was a 39.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Arthur F. Ryan sold 200 shares of the company's stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $650.15, for a total value of $130,030.00. Following the transaction, the director owned 17,303 shares in the company, valued at $11,249,545.45. This trade represents a 1.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 1,400 shares of company stock worth $1,090,030. 6.97% of the stock is currently owned by insiders.

Regeneron Pharmaceuticals Profile

Regeneron Pharmaceuticals, Inc NASDAQ: REGN is a U.S.-based biotechnology company founded in 1988 and headquartered in Tarrytown, New York. It focuses on discovering, developing, manufacturing and commercializing medicines for serious medical conditions. The company combines laboratory research, clinical development and in-house manufacturing to advance a pipeline of biologic therapies across multiple therapeutic areas.

Regeneron is known for its proprietary drug discovery technologies, including its VelocImmune platform, which is used to generate fully human monoclonal antibodies.

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