Westpac Banking Corp Has $10.42 Million Holdings in Amgen Inc. $AMGN

Key Points

• Westpac Banking Corp increased its Amgen stake by 8.9% in the second quarter, bringing its holdings to 28,767 shares valued at approximately $10.42 million. Institutional investors collectively own 76.5% of Amgen.
• Amgen reported better-than-expected second-quarter results, with EPS of $6.29 and revenue of $10.05 billion, up 9.5% year over year. The company also maintained a quarterly dividend of $2.52, equivalent to a 2.3% annual yield.
• Analyst sentiment remains mixed despite strong performance and advancing tarlatamab trials: Amgen has a consensus “Hold” rating and an average price target of $380.43, below its reported $439.33 opening price.

Westpac Banking Corp raised its position in shares of Amgen Inc. (NASDAQ:AMGN - Free Report) by 8.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,767 shares of the medical research company's stock after acquiring an additional 2,356 shares during the period. Amgen makes up approximately 0.6% of Westpac Banking Corp's investment portfolio, making the stock its 26th largest position. Westpac Banking Corp's holdings in Amgen were worth $10,417,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in AMGN. Norges Bank acquired a new stake in Amgen during the 4th quarter worth approximately $2,164,162,000. Capital World Investors grew its holdings in Amgen by 22.9% in the 4th quarter. Capital World Investors now owns 23,097,711 shares of the medical research company's stock valued at $7,560,249,000 after buying an additional 4,302,237 shares in the last quarter. BlackRock Inc. grew its holdings in Amgen by 4.8% in the 2nd quarter. BlackRock Inc. now owns 49,362,016 shares of the medical research company's stock valued at $17,874,974,000 after buying an additional 2,261,544 shares in the last quarter. State Street Corp increased its position in Amgen by 4.4% during the 4th quarter. State Street Corp now owns 30,591,403 shares of the medical research company's stock worth $10,012,872,000 after buying an additional 1,287,310 shares during the period. Finally, Geode Capital Management LLC increased its position in Amgen by 7.8% during the 4th quarter. Geode Capital Management LLC now owns 14,303,294 shares of the medical research company's stock worth $4,665,822,000 after buying an additional 1,035,779 shares during the period. Institutional investors and hedge funds own 76.50% of the company's stock.

Amgen News Roundup

Here are the key news stories impacting Amgen this week:

• Positive Sentiment: Solid operating performance and dividend support the valuation. Amgen’s second-quarter results exceeded expectations, with revenue rising year over year and earnings per share topping consensus. Continued growth and the company’s dividend are helping support investor confidence. Amgen stock holds close to record high as Q2 2026 growth and dividend support valuation
• Positive Sentiment: Analysts raised their outlook. Argus increased its price target to $460 from $375 while maintaining a Buy rating, citing the latest quarterly performance and progress across Amgen’s drug portfolio. Separate reports also highlighted favorable forecasts from Mizuho and Cantor Fitzgerald, reinforcing the bullish analyst sentiment. Amgen gets a fresh target
• Positive Sentiment: Tarlatamab development advanced. Amgen’s Phase 3 DeLLphi-315 study is evaluating a subcutaneous injection of tarlatamab against the current intravenous infusion approach in lung cancer. A successful shot formulation could improve convenience and broaden the commercial potential of the drug. Amgen advances tarlatamab shot versus infusion in Phase 3 lung cancer study
• Positive Sentiment: Trading momentum and options activity were unusually strong. Amgen was identified as a momentum stock after a substantial recent share-price rally, while call-option volume surged well above typical levels, suggesting increased bullish positioning.
• Neutral Sentiment: Valuation is becoming a consideration. With the stock near its recent high and analysts raising targets, some commentary questioned whether much of the favorable news is already reflected in the share price, which could limit near-term upside.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AMGN. Mizuho lifted their target price on Amgen from $303.00 to $352.00 and gave the stock a "neutral" rating in a report on Tuesday. Wall Street Zen raised shares of Amgen from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Bank of America lifted their price objective on shares of Amgen from $312.00 to $317.00 and gave the stock an "underperform" rating in a research note on Wednesday, August 5th. Morgan Stanley reissued an "overweight" rating and issued a $362.00 price objective on shares of Amgen in a report on Wednesday. Finally, Canaccord Genuity Group boosted their price objective on shares of Amgen from $366.00 to $384.00 and gave the company a "hold" rating in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, fourteen have given a Hold rating and three have given 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 $380.43.

Amgen Stock Up 1.3%

AMGN stock opened at $439.33 on Friday. The firm has a 50-day moving average price of $379.03 and a 200-day moving average price of $361.95. Amgen Inc. has a 12 month low of $269.77 and a 12 month high of $443.20. The company has a current ratio of 1.37, a quick ratio of 1.13 and a debt-to-equity ratio of 4.44. The stock has a market capitalization of $237.51 billion, a P/E ratio of 27.30, a price-to-earnings-growth ratio of 3.13 and a beta of 0.41.

Amgen (NASDAQ:AMGN - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The medical research company reported $6.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.62 by $0.67. Amgen had a net margin of 22.95% and a return on equity of 124.14%. The company had revenue of $10.05 billion during the quarter, compared to the consensus estimate of $9.43 billion. During the same period in the prior year, the business earned $6.02 earnings per share. The company's revenue for the quarter was up 9.5% compared to the same quarter last year. Amgen has set its FY 2026 guidance at 22.300-23.500 EPS. As a group, equities research analysts anticipate that Amgen Inc. will post 22.92 EPS for the current fiscal year.

Amgen Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be paid a $2.52 dividend. This represents a $10.08 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, August 21st. Amgen's payout ratio is currently 62.65%.

Insider Buying and Selling

In related news, SVP Nancy A. Grygiel sold 2,970 shares of Amgen stock in a transaction 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 transaction, the senior vice president owned 7,340 shares of the company's stock, valued at $2,951,854.40. This trade represents a 28.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Rachna Khosla sold 2,000 shares of the business's 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 directly owned 6,404 shares in the company, valued at $2,642,098.28. This represents a 23.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 6,222 shares of company stock worth $2,540,926. 0.85% of the stock is owned by insiders.

Amgen Company Profile

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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