ABN AMRO Bank N.V. Invests $24 Million in Procter & Gamble
ABN AMRO Bank N.V., a Dutch multinational bank, has made a significant investment in Procter & Gamble Company (The) $PG. According to its recent 13F filing with the Securities and Exchange Commission (SEC), ABN AMRO bought a new stake in Procter & Gamble in the second quarter, purchasing 167,998 shares valued at approximately $24,626,000.
This is not the only notable investment in Procter & Gamble. Norges Bank, Norway's central bank, also acquired a new stake in the company in the fourth quarter, worth about $4,664,783,000. Cardano Risk Management B.V., an institutional investor, increased its position in shares of Procter & Gamble by 1,104.8% during the same period.
Procter & Gamble's stock price has been stable, opening at $143.00 on Friday and having a market capitalization of $332.39 billion. The company's dividend payout ratio is currently 65.71%, with an annualized dividend yield of 3.0%. Analysts have set a target price for the stock, with Jefferies Financial Group lifting their price target from $177.00 to $179.00.