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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.
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Assenagon Asset Management aumentó significativamente su participación en AbbVie Inc. en el segundo trimestre.