Citigroup Inc. Lowers Holdings in Regeneron Pharmaceuticals, Inc. $REGN

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Citigroup Inc. significantly reduced its stake in Regeneron Pharmaceuticals, Inc. (REGN) by 25.0% in the third quarter, now owning 138,191 shares valued at $77.7 million. Despite this, other major institutional investors like State Street Corp, Dodge & Cox, and Franklin Resources Inc. increased their holdings in the biopharmaceutical company. Regeneron recently reported strong earnings, beating analyst estimates, and increased its quarterly dividend.

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