Ossiam Boosts Position in Ferrari (NYSE:RACE)

Ossiam grew its position in Ferrari (NYSE:RACE - Free Report) by 12.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,892 shares of the company's stock after purchasing an additional 2,832 shares during the quarter. Ossiam's holdings in Ferrari were worth $11,057,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. HBK Sorce Advisory LLC boosted its position in shares of Ferrari by 3.6% during the fourth quarter. HBK Sorce Advisory LLC now owns 626 shares of the company's stock worth $266,000 after acquiring an additional 22 shares during the last quarter. Citizens Financial Group Inc. RI grew its position in shares of Ferrari by 4.4% during the fourth quarter. Citizens Financial Group Inc. RI now owns 591 shares of the company's stock valued at $251,000 after purchasing an additional 25 shares in the last quarter. PDS Planning Inc lifted its position in shares of Ferrari by 4.8% in the fourth quarter. PDS Planning Inc now owns 589 shares of the company's stock worth $250,000 after buying an additional 27 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in Ferrari by 10.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 329 shares of the company's stock valued at $140,000 after buying an additional 30 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of Ferrari by 9.8% during the 4th quarter. Fifth Third Bancorp now owns 393 shares of the company's stock worth $167,000 after acquiring an additional 35 shares in the last quarter.

Ferrari Stock Up 3.1 %

NYSE RACE traded up $13.69 on Thursday, reaching $455.37. 290,522 shares of the stock traded hands, compared to its average volume of 328,692. The company has a market cap of $110.37 billion, a price-to-earnings ratio of 49.77, a PEG ratio of 4.43 and a beta of 1.03. The company has a debt-to-equity ratio of 0.93, a quick ratio of 3.55 and a current ratio of 4.57. Ferrari has a 12 month low of $391.54 and a 12 month high of $509.13. The company has a fifty day moving average price of $447.18 and a 200-day moving average price of $447.18.

Ferrari Increases Dividend

The firm also recently announced 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. The ex-dividend date is Wednesday, April 23rd. This represents a yield of 0.5%. Ferrari's dividend payout ratio (DPR) is 5.63%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Ferrari in a research note on Thursday, February 6th. They set a "hold" rating on the stock. StockNews.com upgraded Ferrari from a "hold" rating to a "buy" rating in a research report on Wednesday, March 12th. JPMorgan Chase & Co. lowered their price target on Ferrari from $525.00 to $460.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Barclays upgraded shares of Ferrari from an "equal weight" rating to an "overweight" rating in a report on Friday, March 28th. Finally, Kepler Capital Markets raised shares of Ferrari from a "hold" rating to a "buy" rating in a research report on Friday, March 28th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $481.60.

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.