Keybank National Association OH Has $629,000 Holdings in Ferrari (NYSE:RACE)

Keybank National Association OH boosted its holdings in shares of Ferrari (NYSE:RACE) by 5.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,480 shares of the company’s stock after acquiring an additional 75 shares during the quarter. Keybank National Association OH’s holdings in Ferrari were worth $629,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Hanson & Doremus Investment Management acquired a new stake in Ferrari during the 4th quarter worth about $26,000. Planning Capital Management Corp acquired a new stake in Ferrari during the 3rd quarter worth about $30,000. Ashton Thomas Securities LLC acquired a new stake in Ferrari during the 3rd quarter worth about $33,000. Armstrong Advisory Group Inc. boosted its position in Ferrari by 100.0% during the 4th quarter. Armstrong Advisory Group Inc. now owns 100 shares of the company’s stock worth $42,000 after acquiring an additional 50 shares during the period. Finally, Kestra Investment Management LLC acquired a new stake in Ferrari during the 4th quarter worth about $45,000.

Ferrari Stock Up 0.8 %

Shares of RACE stock opened at $450.14 on Friday. The stock’s 50 day simple moving average is $452.18 and its 200 day simple moving average is $456.88. 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 twelve month low of $399.27 and a twelve month high of $509.13. The company has a market capitalization of $109.10 billion, a price-to-earnings ratio of 49.20, a PEG ratio of 4.43 and a beta of 0.94.

Ferrari Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Tuesday, May 6th. Investors of record on Wednesday, April 23rd will be paid a $3.1265 dividend. This represents a dividend yield of 0.5%. This is an increase from Ferrari’s previous annual dividend of $2.44. The ex-dividend date is Wednesday, April 23rd. Ferrari’s dividend payout ratio (DPR) is presently 5.63%.

Wall Street Analyst Weigh In

RACE has been the subject of a number of research reports. Barclays lowered Ferrari from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft assumed coverage on Ferrari in a report on Thursday, February 6th. They set a “hold” rating for the company. Finally, StockNews.com lowered Ferrari from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $507.14.

Ferrari 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.