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Regeneron Pharmaceuticals, Inc. $REGN Stake Raised by Merit Financial Group LLC
Merit Financial Group LLC significantly increased its stake in Regeneron Pharmaceuticals (NASDAQ:REGN) by 115.9% in Q4, now holding 4,013 shares valued at over $3 million. The biopharmaceutical company reported strong Q4 earnings, beating analyst estimates with an EPS of $11.44 and revenue of $3.88 billion, and has a “Moderate Buy” consensus rating from analysts with an average target price of $811.96. Regeneron also raised its quarterly dividend to $0.94 per share.