Ferrari N.V. $RACE Shares Sold by Swiss National Bank

Key Points

• Swiss National Bank trimmed its Ferrari stake — SNB sold 17,682 shares in Q3 (a 4.6% reduction) and now owns 364,506 shares, about 0.15% of Ferrari valued at $176.0 million.
• Large institutional buying also occurred — Groupama Asset Management massively increased its position to 16,073,800 shares (≈$7.89 billion), while Norges Bank, Bank of New York Mellon and others added or grew sizable stakes.
• Ferrari boosted shareholder returns and trades at a premium — the company raised its annual dividend to $3.615 per share (from $3.13), payable May 5 with an ex-dividend date of April 21; the stock has a market cap of about $81.0 billion and a trailing P/E of 34.26.

Swiss National Bank lessened its stake in Ferrari N.V. (NYSE:RACE - Free Report) by 4.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 364,506 shares of the company's stock after selling 17,682 shares during the period. Swiss National Bank owned about 0.15% of Ferrari worth $176,031,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Groupama Asset Managment lifted its stake in shares of Ferrari by 24,598.5% in the 2nd quarter. Groupama Asset Managment now owns 16,073,800 shares of the company's stock valued at $7,888,057,000 after purchasing an additional 16,008,720 shares during the period. Norges Bank purchased a new stake in Ferrari during the second quarter worth $885,051,000. Bank of New York Mellon Corp grew its position in Ferrari by 63.7% during the third quarter. Bank of New York Mellon Corp now owns 2,670,762 shares of the company's stock valued at $1,295,907,000 after buying an additional 1,039,234 shares during the period. Viking Global Investors LP grew its position in Ferrari by 432.7% during the second quarter. Viking Global Investors LP now owns 721,269 shares of the company's stock valued at $353,526,000 after buying an additional 585,872 shares during the period. Finally, American Century Companies Inc. purchased a new position in Ferrari in the second quarter valued at $109,526,000.

Ferrari Stock Down 1.0%

RACE opened at $346.41 on Tuesday. The company has a market cap of $81.04 billion, a PE ratio of 34.26, a price-to-earnings-growth ratio of 3.41 and a beta of 0.97. Ferrari N.V. has a twelve month low of $328.00 and a twelve month high of $519.10. The company has a 50-day moving average price of $358.11 and a 200 day moving average price of $401.05. The company has a quick ratio of 4.38, a current ratio of 5.70 and a debt-to-equity ratio of 0.74.

Ferrari Increases Dividend

The company also recently announced an annual dividend, which will be paid on Tuesday, May 5th. Shareholders of record on Tuesday, April 21st will be issued a dividend of $3.615 per share. The ex-dividend date of this dividend is Tuesday, April 21st. This is an increase from Ferrari's previous annual dividend of $3.13. This represents a dividend yield of 99.0%.

Ferrari News Summary

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Company buyback: Ferrari continued executing the first tranche of a multi-year ~€3.5bn buyback program (first tranche €250m), adding to treasury stock and supporting shareholder returns and EPS dilution reduction. Read More.
• Positive Sentiment: On-track competitiveness: Despite strategic errors, Ferrari demonstrated strong race pace in the Australian GP, signaling the car is competitive with Mercedes — a positive indicator for brand value, marketing exposure, and long-term F1-derived intangible benefits. Read More.
• Neutral Sentiment: Third-party commentary: Lewis Hamilton and other rivals publicly noted Ferrari is “in the fight” and could close the gap to Mercedes — useful context on competitive standing but not directly financial. Read More.
• Neutral Sentiment: Brand/human interest: Profiles and owner stories (e.g., a collector’s reflection on an iconic Ferrari) keep luxury-image narratives alive; these are reputational positives but unlikely to move near-term stock materially. Read More.
• Negative Sentiment: Strategic error in Australian GP: Team strategy (pit/Virtual Safety Car timing) was widely criticized after costing higher finishing positions and allowing Mercedes to capitalize — an operational misstep that can dent short-term sentiment among sponsors, fans and investors focused on F1-derived revenue/visibility. Read More.
• Negative Sentiment: Driver/team frustration: Strong language from within the paddock — including Charles Leclerc likening aspects of the race to “Mario Kart” and critical reactions around the pit-call — highlights internal frustration that can amplify negative headlines and short-term volatility. Read More.

Analysts Set New Price Targets

A number of research analysts have weighed in on RACE shares. Morgan Stanley set a $420.00 price objective on shares of Ferrari in a research report on Monday, February 16th. Jefferies Financial Group restated a "hold" rating on shares of Ferrari in a research note on Wednesday, February 11th. The Goldman Sachs Group raised Ferrari to a "strong-buy" rating in a report on Monday, November 24th. Loop Capital set a $481.67 price target on Ferrari in a research report on Thursday, December 4th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Ferrari in a report on Monday, December 29th. Three investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Ferrari has an average rating of "Moderate Buy" and a consensus price target of $475.61.

Ferrari Profile

Ferrari N.V. NYSE: RACE is an Italian luxury sports car manufacturer best known for designing, engineering and selling high-performance automobiles under the Ferrari marque. The company's core business centers on the development and manufacture of premium sports cars and limited-series models, complemented by personalization and bespoke engineering services for high-net-worth clients. Ferrari also generates revenue from brand licensing, the sale of spare parts and accessories, aftersales services, and curated client experiences such as driving programs and factory visits.

Founded from the automotive activities of Enzo Ferrari, the first cars bearing the Ferrari name emerged in the late 1940s; the brand has since built a reputation for performance, craftsmanship and exclusivity.

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