Assenagon Asset Management significantly increased its stake in AbbVie Inc. in Q2.

Assenagon Asset Management S.A. increased its stake in AbbVie Inc. (NYSE: ABBV) by 314.1% in Q2, now owning 1,315,000 shares. Institutional investors hold 70.23% of the company's stock, with AbbVie reporting $2.65 EPS for Q2, beating the consensus estimate. Analysts from several firms including Barclays, Morgan Stanley, and Wells Fargo & Company have issued "overweight" ratings on ABBV shares. AbbVie has a market cap of $342.40 billion, a P/E ratio of 57.28, and a beta of 0.64.

August 17, 2024
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