Oppenheimer Asset Management Inc. significantly reduced its stake in Elevance Health, Inc. ($ELV) by 62.2% in the third quarter, selling 10,300 shares and retaining 6,247 shares valued at approximately $2.02 million. This comes as Elevance Health reported strong Q3 earnings, beating EPS expectations and showing 9.6% revenue growth, leading them to raise their quarterly dividend and set FY2026 EPS guidance. Despite mixed analyst ratings, the stock holds a “Moderate Buy” consensus target price of $390.55, with institutional investors owning a substantial 89.24% of the company.
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Oppenheimer Asset Management Inc. Trims Stake in Elevance Health, Inc. $ELV
Oppenheimer Asset Management Inc. significantly reduced its stake in Elevance Health, Inc. ($ELV) by 62.2% in the third quarter, selling 10,300 shares and retaining 6,247 shares valued at approximately $2.02 million. This comes as Elevance Health reported strong Q3 earnings, beating EPS expectations and showing 9.6% revenue growth, leading them to raise their quarterly dividend and set FY2026 EPS guidance. Despite mixed analyst ratings, the stock holds a “Moderate Buy” consensus target price of $390.55, with institutional investors owning a substantial 89.24% of the company.