HighTower Advisors LLC Has $295.58 Million Holdings in Amgen Inc. $AMGN

Key Points

• HighTower Advisors trimmed its Amgen holdings by 0.5% in the second quarter, selling 4,063 shares but retaining 816,257 shares valued at approximately $295.6 million. Institutional investors collectively own 76.5% of Amgen.
• Amgen exceeded quarterly expectations, reporting $6.29 in EPS and $10.05 billion in revenue, with revenue up 9.5% year over year. The company reaffirmed fiscal 2026 EPS guidance of $22.30–$23.50.
• Amgen declared a quarterly dividend of $2.52 per share, equivalent to a 2.4% annualized yield. Analysts maintain a consensus “Hold” rating with an average price target of $372.39, below the stock’s reported $415.21 opening price.

HighTower Advisors LLC trimmed its holdings in shares of Amgen Inc. (NASDAQ:AMGN - Free Report) by 0.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 816,257 shares of the medical research company's stock after selling 4,063 shares during the quarter. HighTower Advisors LLC owned about 0.15% of Amgen worth $295,583,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of AMGN. Anfield Capital Management LLC grew its position in shares of Amgen by 1,000.0% during the 4th quarter. Anfield Capital Management LLC now owns 77 shares of the medical research company's stock worth $25,000 after purchasing an additional 70 shares in the last quarter. Dogwood Wealth Management LLC increased its holdings in shares of Amgen by 275.0% during the fourth quarter. Dogwood Wealth Management LLC now owns 75 shares of the medical research company's stock worth $25,000 after purchasing an additional 55 shares during the period. Tower View Wealth Management LLC raised its position in shares of Amgen by 331.6% in the first quarter. Tower View Wealth Management LLC now owns 82 shares of the medical research company's stock valued at $29,000 after buying an additional 63 shares in the last quarter. Manning & Napier Advisors LLC raised its position in shares of Amgen by 49.2% in the fourth quarter. Manning & Napier Advisors LLC now owns 97 shares of the medical research company's stock valued at $32,000 after buying an additional 32 shares in the last quarter. Finally, Ares Financial Consulting LLC bought a new stake in shares of Amgen in the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 76.50% of the company's stock.

Insider Activity

In other news, SVP Rachna Khosla sold 2,000 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $412.57, for a total value of $825,140.00. Following the completion of the transaction, the senior vice president owned 6,404 shares of the company's stock, valued at approximately $2,642,098.28. This represents a 23.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Nancy A. Grygiel sold 2,970 shares of the firm's stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $402.16, for a total transaction of $1,194,415.20. Following the completion of the sale, the senior vice president owned 7,340 shares in the company, valued at approximately $2,951,854.40. The trade was a 28.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 6,222 shares of company stock valued at $2,540,926. Insiders own 0.85% of the company's stock.

Amgen Stock Performance

Shares of AMGN stock opened at $415.21 on Monday. The stock's fifty day moving average price is $370.57 and its two-hundred day moving average price is $358.99. The company has a market cap of $224.48 billion, a PE ratio of 25.81, a P/E/G ratio of 3.86 and a beta of 0.41. Amgen Inc. has a fifty-two week low of $269.77 and a fifty-two week high of $421.79. The company has a debt-to-equity ratio of 4.44, a quick ratio of 1.13 and a current ratio of 1.37.

Amgen (NASDAQ:AMGN - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The medical research company reported $6.29 EPS for the quarter, topping analysts' consensus estimates of $5.62 by $0.67. Amgen had a return on equity of 124.14% and a net margin of 22.95%.The company had revenue of $10.05 billion during the quarter, compared to analysts' expectations of $9.43 billion. During the same quarter in the previous year, the firm earned $6.02 EPS. Amgen's revenue was up 9.5% on a year-over-year basis. Amgen has set its FY 2026 guidance at 22.300-23.500 EPS. Equities analysts predict that Amgen Inc. will post 22.78 EPS for the current fiscal year.

Amgen Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be paid a dividend of $2.52 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $10.08 annualized dividend and a yield of 2.4%. Amgen's payout ratio is presently 62.65%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AMGN. Cantor Fitzgerald reissued a "neutral" rating and set a $350.00 price target on shares of Amgen in a research report on Monday, July 6th. Weiss Ratings upgraded Amgen from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, August 6th. Wells Fargo & Company increased their target price on Amgen from $390.00 to $400.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 5th. The Goldman Sachs Group set a $389.00 price target on Amgen in a research report on Friday, June 5th. Finally, TD Cowen boosted their price target on Amgen from $420.00 to $452.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fifteen have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $372.39.

About Amgen

Amgen Inc NASDAQ: AMGN is a global biotechnology company founded in 1980 and headquartered in Thousand Oaks, California. The company focuses on discovering, developing, manufacturing and delivering human therapeutics that address serious illnesses. Amgen's work centers on biologic medicines derived from cellular and molecular biology, with an emphasis on translating advances in human genetics and protein science into therapies for patients.

Amgen's commercial portfolio has historically included biologics used in oncology, supportive care, nephrology, bone health and cardiovascular disease.

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