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Jennison Associates LLC Sells 91,343 Shares of Amgen Inc. $AMGN
Jennison Associates LLC significantly reduced its stake in Amgen Inc. by 40.8% in the fourth quarter, selling 91,343 shares and holding 132,464 shares valued at $43.357 million. Despite this, other institutional investors have increased their holdings. The article also covers Amgen’s recent earnings beat, dividend announcement, and mixed analyst sentiment regarding its stock performance and strategic direction.