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PNC Financial Services Group Inc. Increases Stock Holdings in Amgen Inc. $AMGN
PNC Financial Services Group Inc. increased its stake in Amgen Inc. by 10.4% in the third quarter, acquiring 105,183 additional shares to hold over 1.1 million shares valued at approximately $314.7 million. Amgen also reported strong quarterly earnings, beating analyst expectations, and raised its quarterly dividend to $2.52 per share. Analyst ratings for Amgen are mixed but average out to a “Moderate Buy” with a consensus target price of $354.04.