US EditionAmeriprise Financial Inc. Boosts Holdings in Gilead Sciences, Inc. $GILD
AQR Capital Management increased its IBM shares by 14.5% to 948,589, valuing holdings at $277.5 million in Q2, amid strong company earnings and revenue growth.
- In the 1st quarter, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in International Business Machines by 6.5%, owning 8,636,725 shares worth $2,147,608,000 after acquiring 524,633 shares.
- After reporting stronger-than-expected results, International Business Machines Corporation revealed $2.65 EPS for the quarter, beating estimates by $0.20, with revenue of $16.33 billion up 9.1% year-over-year.
- Dividend and analyst moves followed the earnings release, with International Business Machines paying a $1.68 quarterly dividend on Wednesday, December 10th, and Erste Group Bank upgrading to `buy` on December 5th.
- Other institutional investors likewise adjusted holdings, with AQR Capital Management LLC raising its IBM stake 14.5% to 948,589 shares, Vanguard Group Inc. increasing to 95,051,475 shares, and Geode Capital Management LLC adding to 21,936,235 shares recently.
- Market metrics indicate 58.96% institutional ownership, a 1-year low $214.50 and high $324.90, IBM’s $309.33 open on Friday, and a MarketBeat consensus price target of $194.00.
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Ameriprise Financial Inc. Boosts Holdings in Gilead Sciences, Inc. $GILD
Ameriprise Financial Inc. grew its stake in Gilead Sciences, Inc. (NASDAQ:GILD – Free Report) by 397.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,748,403 shares of the biopharmaceutical company’s stock after buying an additional 5,392,191 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.54% of Gilead Sc…
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