Jump Financial LLC Has $4.39 Million Holdings in Ferrari (NYSE:RACE)

Jump Financial LLC trimmed its stake in shares of Ferrari (NYSE:RACE) by 48.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,329 shares of the company’s stock after selling 9,671 shares during the period. Jump Financial LLC’s holdings in Ferrari were worth $4,388,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Hanson & Doremus Investment Management acquired a new stake in shares of Ferrari in the 4th quarter valued at about $26,000. Armstrong Advisory Group Inc. grew its holdings in shares of Ferrari by 100.0% during the fourth quarter. Armstrong Advisory Group Inc. now owns 100 shares of the company’s stock worth $42,000 after buying an additional 50 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in Ferrari in the 4th quarter valued at approximately $45,000. Plato Investment Management Ltd bought a new stake in Ferrari in the 4th quarter valued at approximately $53,000. Finally, Newbridge Financial Services Group Inc. boosted its position in Ferrari by 705.9% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 137 shares of the company’s stock worth $58,000 after acquiring an additional 120 shares during the last quarter.

Ferrari Price Performance

Shares of RACE opened at $433.43 on Thursday. The firm has a market capitalization of $105.05 billion, a PE ratio of 47.37, a PEG ratio of 4.43 and a beta of 1.03. The company has a debt-to-equity ratio of 0.93, a current ratio of 4.57 and a quick ratio of 3.55. The company’s 50-day moving average is $451.36 and its 200-day moving average is $447.72. Ferrari has a fifty-two week low of $391.54 and a fifty-two week high of $509.13.

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. The ex-dividend date of this dividend is Wednesday, April 23rd. This is an increase from Ferrari’s previous annual dividend of $2.44. This represents a yield of 0.5%. Ferrari’s dividend payout ratio (DPR) is 5.63%.

Analyst Ratings Changes

A number of brokerages have recently commented on RACE. StockNews.com raised shares of Ferrari from a “hold” rating to a “buy” rating in a research report on Wednesday, March 12th. Kepler Capital Markets raised Ferrari from a “hold” rating to a “buy” rating in a research report on Friday, March 28th. JPMorgan Chase & Co. dropped their price objective on Ferrari from $525.00 to $460.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. Deutsche Bank Aktiengesellschaft started coverage on shares of Ferrari in a research note on Thursday, February 6th. They issued a “hold” rating for the company. Finally, UBS Group dropped their price target on shares of Ferrari from $584.00 to $520.00 and set a “buy” rating on the stock in a research report on Tuesday, April 1st. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $486.67.

Ferrari Company Profile

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.