Banco Santander S.A. Acquires 16,663 Shares of Ferrari (NYSE:RACE)

Banco Santander S.A. increased its holdings in Ferrari (NYSE:RACE - Free Report) by 4.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 414,720 shares of the company's stock after acquiring an additional 16,663 shares during the quarter. Ferrari makes up 2.1% of Banco Santander S.A.'s portfolio, making the stock its 8th biggest position. Banco Santander S.A. owned 0.17% of Ferrari worth $176,190,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Elite Wealth Management Inc. raised its stake in Ferrari by 1.0% during the third quarter. Elite Wealth Management Inc. now owns 2,606 shares of the company's stock valued at $1,225,000 after buying an additional 25 shares in the last quarter. Addison Advisors LLC grew its holdings in shares of Ferrari by 13.6% during the third quarter. Addison Advisors LLC now owns 217 shares of the company's stock valued at $102,000 after purchasing an additional 26 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Ferrari by 10.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 329 shares of the company's stock valued at $140,000 after purchasing an additional 30 shares during the last quarter. Caprock Group LLC grew its holdings in shares of Ferrari by 1.7% during the third quarter. Caprock Group LLC now owns 1,823 shares of the company's stock valued at $857,000 after purchasing an additional 31 shares during the last quarter. Finally, EWA LLC grew its holdings in shares of Ferrari by 6.6% during the third quarter. EWA LLC now owns 518 shares of the company's stock valued at $228,000 after purchasing an additional 32 shares during the last quarter.

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Ferrari Stock Up 0.8 %

Ferrari stock traded up $3.44 during mid-day trading on Friday, hitting $450.14. 443,518 shares of the company's stock were exchanged, compared to its average volume of 281,390. The company has a current ratio of 4.57, a quick ratio of 3.55 and a debt-to-equity ratio of 0.93. The stock has a market cap of $109.10 billion, a P/E ratio of 49.20, a P/E/G ratio of 4.43 and a beta of 0.94. Ferrari has a 1-year low of $399.27 and a 1-year high of $509.13. The stock has a 50 day moving average of $452.18 and a two-hundred day moving average of $456.88.

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 represents a 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 is presently 5.63%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Ferrari in a report on Thursday, February 6th. They issued a "hold" rating for the company. StockNews.com lowered Ferrari from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Finally, Barclays lowered Ferrari from an "overweight" rating to an "equal weight" rating in a report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently 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.