Cullinan Associates Has Raised Amgen (AMGN) Holding; First Commonwealth Financial Has 1.47 Sentiment

January 14, 2018 - By Vivian Park

First Commonwealth Financial Corporation, through its subsidiary First Commonwealth Bank, provides various consumer and commercial banking services to individuals, and small and mid-sized businesses in the United States. The company has market cap of $1.47 billion. The Company’s consumer services include personal checking accounts, interest-earning checking accounts, savings accounts, insured money market accounts, debit cards, investment certificates, fixed and variable rate certificates of deposit, mortgage loans, secured and unsecured installment loans, construction and real estate loans, safe deposit facilities, credit cards, credit lines with overdraft checking protection, IRA accounts, and automated teller machine services, as well as Internet, mobile, and telephone banking services. It has a 20.42 P/E ratio. The companyÂ’s commercial banking services comprise commercial lending, business checking accounts, online account management services, payroll direct deposits, commercial cash management services, and repurchase agreements.

Cullinan Associates Inc increased Amgen Inc (AMGN) stake by 9.17% reported in 2017Q3 SEC filing. Cullinan Associates Inc acquired 8,215 shares as Amgen Inc (AMGN)’s stock declined 9.68%. The Cullinan Associates Inc holds 97,752 shares with $18.23M value, up from 89,537 last quarter. Amgen Inc now has $134.32B valuation. The stock increased 1.69% or $3.08 during the last trading session, reaching $185.04. About 3.11M shares traded or 13.60% up from the average. Amgen Inc. (NASDAQ:AMGN) has risen 5.27% since January 14, 2017 and is uptrending. It has underperformed by 11.43% the S&P500.

Among 24 analysts covering Amgen Inc. (NASDAQ:AMGN), 11 have Buy rating, 0 Sell and 13 Hold. Therefore 46% are positive. Amgen Inc. had 74 analyst reports since August 3, 2015 according to SRatingsIntel. The stock of Amgen Inc. (NASDAQ:AMGN) earned “Buy” rating by Oppenheimer on Wednesday, July 12. Mizuho maintained Amgen Inc. (NASDAQ:AMGN) rating on Friday, July 14. Mizuho has “Buy” rating and $19500 target. The stock of Amgen Inc. (NASDAQ:AMGN) earned “Market Perform” rating by Bernstein on Wednesday, June 29. On Thursday, September 28 the stock rating was maintained by Jefferies with “Buy”. The rating was initiated by Credit Suisse with “Outperform” on Wednesday, January 20. The company was maintained on Thursday, October 12 by Piper Jaffray. The company was maintained on Thursday, July 20 by Cowen & Co. The rating was maintained by Cowen & Co with “Buy” on Tuesday, October 3. On Tuesday, December 20 the stock rating was downgraded by Credit Suisse to “Neutral”. The stock has “Buy” rating by Mizuho on Tuesday, November 8.

Since October 9, 2017, it had 0 insider purchases, and 2 selling transactions for $553,240 activity. Harper Sean E sold $269,666 worth of stock.

Cullinan Associates Inc decreased Texas Instruments (NASDAQ:TXN) stake by 5,800 shares to 118,000 valued at $10.58M in 2017Q3. It also reduced Marathon Petroleum Corp (NYSE:MPC) stake by 19,680 shares and now owns 96,530 shares. Aetna (NYSE:AET) was reduced too.

Investors sentiment decreased to 0.99 in 2017 Q3. Its down 0.16, from 1.15 in 2017Q2. It turned negative, as 58 investors sold AMGN shares while 511 reduced holdings. 108 funds opened positions while 453 raised stakes. 555.05 million shares or 0.41% less from 557.32 million shares in 2017Q2 were reported. Aviva Public Limited Co has invested 0.61% in Amgen Inc. (NASDAQ:AMGN). Df Dent And reported 0.01% of its portfolio in Amgen Inc. (NASDAQ:AMGN). Country Trust Bankshares stated it has 709 shares. Glg Limited Liability Corp holds 0.47% in Amgen Inc. (NASDAQ:AMGN) or 39,178 shares. Amf Pensionsforsakring Ab has invested 1.24% in Amgen Inc. (NASDAQ:AMGN). Massachusetts-based Kidder Stephen W has invested 0.18% in Amgen Inc. (NASDAQ:AMGN). Aspen Inv Inc holds 7,155 shares or 0.99% of its portfolio. Cambridge Advsrs Incorporated has 26,952 shares. Auxier Asset owns 0.12% invested in Amgen Inc. (NASDAQ:AMGN) for 3,300 shares. Carl Domino Incorporated invested in 1.47% or 6,460 shares. Arete Wealth Advsr Limited Company holds 0.56% or 7,507 shares in its portfolio. Argyle Cap Mngmt Inc owns 30,684 shares. Boston Advisors Limited Liability Company holds 230,137 shares or 0.97% of its portfolio. Eads Heald Inv Counsel accumulated 1.33% or 11,493 shares. Convergence Limited Com holds 44,382 shares or 1.17% of its portfolio.

The stock increased 0.80% or $0.12 during the last trading session, reaching $15.09. About 353,268 shares traded. First Commonwealth Financial Corporation (FCF) has risen 38.31% since January 14, 2017 and is uptrending. It has outperformed by 21.61% the S&P500.

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