Stifel Financial Corp Boosts Stake in On Holding AG (NYSE:ONON)

Stifel Financial Corp increased its position in shares of On Holding AG (NYSE:ONON - Free Report) by 9.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 193,081 shares of the company's stock after buying an additional 16,609 shares during the period. Stifel Financial Corp's holdings in ON were worth $10,575,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Legacy Bridge LLC acquired a new stake in shares of ON during the 4th quarter valued at about $43,000. Bernard Wealth Management Corp. acquired a new stake in ON in the fourth quarter valued at approximately $44,000. Arcadia Investment Management Corp MI acquired a new stake in ON in the fourth quarter valued at approximately $53,000. VisionPoint Advisory Group LLC purchased a new stake in shares of ON in the fourth quarter valued at approximately $65,000. Finally, Blue Trust Inc. raised its stake in shares of ON by 148.8% during the 4th quarter. Blue Trust Inc. now owns 1,316 shares of the company's stock worth $66,000 after buying an additional 787 shares during the period. Institutional investors and hedge funds own 36.39% of the company's stock.

Wall Street Analysts Forecast Growth

ONON has been the subject of a number of research analyst reports. Telsey Advisory Group restated an "outperform" rating and set a $67.00 price objective on shares of ON in a research report on Tuesday, April 1st. Hsbc Global Res raised shares of ON from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 11th. Morgan Stanley boosted their price objective on ON from $62.00 to $66.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 5th. Piper Sandler lowered their price target on ON from $62.00 to $55.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Finally, Jefferies Financial Group initiated coverage on ON in a research report on Tuesday, April 1st. They set a "hold" rating and a $44.00 price target for the company. Two analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $58.77.

ON Trading Up 1.9 %

NYSE:ONON traded up $0.91 during trading hours on Friday, hitting $48.63. The company's stock had a trading volume of 1,699,914 shares, compared to its average volume of 4,680,286. The stock has a market capitalization of $30.62 billion, a P/E ratio of 113.09, a price-to-earnings-growth ratio of 1.02 and a beta of 2.32. The stock has a fifty day moving average of $45.17 and a 200-day moving average of $51.41. On Holding AG has a 52-week low of $29.84 and a 52-week high of $64.05.

ON Profile

On Holding AG engages in the development and distribution of sports products such as footwear, apparel, and accessories for high-performance running, outdoor, and all-day activities. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own high-end stores.