Todays Report: The Ameriprise Financial Inc. Boosts Position in Grifols SA (GRFS)

The Ameriprise Financial Inc. Boosts Position in Grifols SA (GRFS)

Ameriprise Financial Inc. raised its position in shares of Grifols SA (NASDAQ:GRFS) by 911.9% during the second quarter, Holdings Channel reports. The firm owned 447,271 shares of the company’s stock after buying an additional 403,070 shares during the period. Ameriprise Financial Inc.’s holdings in Grifols SA were worth $7,452,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of GRFS. PNC Financial Services Group Inc. increased its position in Grifols SA by 22.0% in the second quarter. PNC Financial Services Group Inc. now owns 6,870 shares of the company’s stock worth $114,000 after buying an additional 1,239 shares during the period. Societe Generale purchased a new stake in Grifols SA during the second quarter worth $139,000. SG Americas Securities LLC purchased a new stake in Grifols SA during the second quarter worth $139,000. Quantbot Technologies LP boosted its stake in Grifols SA by 3,328.7% in the second quarter. Quantbot Technologies LP now owns 8,366 shares of the company’s stock worth $139,000 after buying an additional 8,122 shares in the last quarter. Finally, Independent Portfolio Consultants Inc. boosted its stake in Grifols SA by 1.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 9,410 shares of the company’s stock worth $157,000 after buying an additional 145 shares in the last quarter. 20.18% of the stock is currently owned by institutional investors and hedge funds.

Grifols SA (NASDAQ:GRFS) traded up 0.06% during mid-day trading on Friday, hitting $15.72. 536,961 shares of the stock were exchanged. The firm has a market cap of $21.48 billion, a P/E ratio of 35.65 and a beta of 0.93. The company has a 50 day moving average of $16.09 and a 200 day moving average of $16.04. Grifols SA has a 12-month low of $14.07 and a 12-month high of $18.04.

Separately, Zacks Investment Research upgraded shares of Grifols SA from a “sell” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Wednesday, September 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $20.25.

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