1 day Ago By ABMN Staff
StockNews.com lowered shares of Ferrari ( NYSE:RACE – Free Report ) from a buy rating to a hold rating in a research note issued to investors on Tuesday. RACE has been the topic of several other reports.
Kepler Capital Markets raised shares of Ferrari from a “hold” rating to a “buy” rating in a research note on Friday, March 28th. Barclays raised shares of Ferrari from an “equal weight” rating to an “overweight” rating in a research note on Friday, March 28th. JPMorgan Chase & Co.
decreased their price target on shares of Ferrari from $525.00 to $460.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th.
UBS Group decreased their price target on shares of Ferrari from $584.00 to $520.00 and set a “buy” rating on the stock in a research note on Tuesday, April 1st.
Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Ferrari in a research note on Thursday, February 6th. They issued a “hold” rating on the stock. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock.
Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $481.60. Get Our Latest Stock Analysis on Ferrari Ferrari Trading Up 1.
0 % Ferrari Increases Dividend The business also recently disclosed an annual dividend, which will be paid on Tuesday, May 6th. Shareholders of record on Wednesday, April 23rd will be given a dividend of $3.1265 per share.
This is an increase from Ferrari’s previous annual dividend of $2.44. This represents a yield of 0.
5%. The ex-dividend date is Wednesday, April 23rd. Ferrari’s payout ratio is presently 5.
63%. Institutional Inflows and Outflows A number of hedge funds have recently added to or reduced their stakes in RACE. Norges Bank purchased a new position in Ferrari during the 4th quarter valued at $697,226,000.
Price T Rowe Associates Inc. MD increased its position in Ferrari by 49.5% during the 4th quarter.
Price T Rowe Associates Inc. MD now owns 1,796,264 shares of the company’s stock valued at $763,125,000 after purchasing an additional 594,547 shares during the period. Barclays PLC increased its position in Ferrari by 198.
0% during the 4th quarter. Barclays PLC now owns 853,971 shares of the company’s stock valued at $362,802,000 after purchasing an additional 567,407 shares during the period. Marshall Wace LLP increased its position in Ferrari by 62.
1% during the 4th quarter. Marshall Wace LLP now owns 1,358,467 shares of the company’s stock valued at $579,561,000 after purchasing an additional 520,337 shares during the period. Finally, Bank Julius Baer & Co.
Ltd Zurich boosted its holdings in shares of Ferrari by 380.7% during the 4th quarter. Bank Julius Baer & Co.
Ltd Zurich now owns 243,306 shares of the company’s stock valued at $107,770,000 after buying an additional 192,694 shares in the last quarter. About Ferrari ( Get Free Report ) Ferrari N.V.
, through its subsidiaries, engages in design, engineering, production, and sale of luxury performance sports cars worldwide. The company offers range, special series, Icona, and supercars; limited edition supercars and one-off cars; and track cars. It also provides racing cars, and spare parts and engines, as well as after sales, repair, maintenance, and restoration services for cars; and licenses its Ferrari brand to various producers and retailers of luxury and lifestyle goods.
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