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Assenagon Asset Management S.A. Boosts Holdings in International Paper Company $IP
Assenagon Asset Management S.A. significantly increased its stake in International Paper (NYSE:IP) by 764.4% in Q4, acquiring an additional 188,357 shares to reach a total of 212,999 shares valued at $8.39 million. This comes as company insiders, including CEO Andrew K. Silvernail and Director Anders Gustafsson, have also made substantial stock purchases. Despite mixed analyst ratings and a recent EPS miss, the consensus remains a “Moderate Buy” with a target price of $48.06.