Assenagon Asset Management Boosts Stake in Johnson & Johnson by 87%

Assenagon Asset Management S.A. significantly increased its holdings in Johnson & Johnson shares by purchasing an additional 902,292 shares during the second quarter.

The company's portfolio is now comprised of 1,939,364 shares of Johnson & Johnson stock, representing approximately 0.6% of Assenagon Asset Management S.A.'s overall portfolio and making it their 23rd largest holding.

Johnson & Johnson's recent quarterly earnings report showed a 21.48% net margin and a return on equity of 32.42%, with the company beating consensus estimates by $0.06 per share.

Vanguard Group Inc., State Street Corp, Auto Owners Insurance Co, Geode Capital Management LLC, and Norges Bank have also increased their holdings in Johnson & Johnson shares during the same period.