Man Group plc Sells 52,857 Shares of Harley-Davidson, Inc. (NYSE:HOG)

Man Group plc cut its position in Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 19.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 218,068 shares of the company's stock after selling 52,857 shares during the quarter. Man Group plc owned about 0.17% of Harley-Davidson worth $6,570,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Venturi Wealth Management LLC lifted its stake in Harley-Davidson by 172.0% in the 4th quarter. Venturi Wealth Management LLC now owns 876 shares of the company's stock worth $26,000 after purchasing an additional 554 shares in the last quarter. Bessemer Group Inc. lifted its stake in Harley-Davidson by 237.9% in the 4th quarter. Bessemer Group Inc. now owns 1,301 shares of the company's stock worth $39,000 after purchasing an additional 916 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Harley-Davidson in the 4th quarter worth approximately $42,000. Global Retirement Partners LLC lifted its stake in Harley-Davidson by 84.3% in the 4th quarter. Global Retirement Partners LLC now owns 1,850 shares of the company's stock worth $56,000 after purchasing an additional 846 shares in the last quarter. Finally, National Bank of Canada FI lifted its stake in Harley-Davidson by 201.8% in the 4th quarter. National Bank of Canada FI now owns 1,889 shares of the company's stock worth $57,000 after purchasing an additional 1,263 shares in the last quarter. 85.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Morgan Stanley lowered their price objective on shares of Harley-Davidson from $33.00 to $31.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. Citigroup lowered their price objective on shares of Harley-Davidson from $29.00 to $28.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. Bank of America lowered their price objective on shares of Harley-Davidson from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Thursday, January 30th. UBS Group lowered their price objective on shares of Harley-Davidson from $35.00 to $28.00 and set a "neutral" rating on the stock in a research report on Thursday, February 20th. Finally, DA Davidson restated a "buy" rating and set a $31.00 price objective on shares of Harley-Davidson in a research report on Wednesday, April 9th. Six analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $30.17.

Harley-Davidson Trading Down 1.9%

NYSE:HOG traded down $0.47 during trading hours on Friday, reaching $24.29. The company's stock had a trading volume of 1,354,364 shares, compared to its average volume of 1,926,043. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of 7.30, a PEG ratio of 0.38 and a beta of 1.30. The firm has a 50-day simple moving average of $23.78 and a 200-day simple moving average of $27.42. Harley-Davidson, Inc. has a 1 year low of $20.45 and a 1 year high of $39.93. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.19 and a current ratio of 1.40.

Harley-Davidson (NYSE:HOG - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $1.07 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.27. The company had revenue of $315.24 million for the quarter, compared to analysts' expectations of $1.12 billion. Harley-Davidson had a net margin of 9.25% and a return on equity of 13.64%. The firm's revenue was down 23.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.72 EPS. Research analysts expect that Harley-Davidson, Inc. will post 3.44 EPS for the current fiscal year.

Harley-Davidson Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Monday, June 2nd will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date is Monday, June 2nd. Harley-Davidson's dividend payout ratio (DPR) is presently 26.87%.

Harley-Davidson Company Profile

Harley-Davidson, Inc manufactures and sells motorcycles in the United States and internationally. The company operates in three segments: Harley-Davidson Motor Company, LiveWire, and Harley-Davidson Financial Services. The Harley-Davidson Motor Company segment designs, manufactures, and sells motorcycles, including cruiser, trike, touring, standard, sportbike, adventure, and dual sport, as well as motorcycle parts, accessories, and apparel, as well as licenses its trademarks and related services.