Bank of New York Mellon Corp Has $44.30 Million Stock Holdings in Harley-Davidson, Inc. (NYSE:HOG)

Bank of New York Mellon Corp raised its position in Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 12.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,470,130 shares of the company's stock after buying an additional 157,939 shares during the period. Bank of New York Mellon Corp owned approximately 1.15% of Harley-Davidson worth $44,295,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of HOG. MML Investors Services LLC raised its holdings in Harley-Davidson by 4.7% in the third quarter. MML Investors Services LLC now owns 8,430 shares of the company's stock valued at $325,000 after acquiring an additional 379 shares in the last quarter. Covestor Ltd increased its position in shares of Harley-Davidson by 14.7% in the 3rd quarter. Covestor Ltd now owns 3,505 shares of the company's stock worth $135,000 after purchasing an additional 448 shares during the last quarter. Venturi Wealth Management LLC raised its stake in shares of Harley-Davidson by 172.0% in the 4th quarter. Venturi Wealth Management LLC now owns 876 shares of the company's stock valued at $26,000 after purchasing an additional 554 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Harley-Davidson by 3.0% during the third quarter. Victory Capital Management Inc. now owns 27,611 shares of the company's stock worth $1,064,000 after purchasing an additional 807 shares during the last quarter. Finally, Toronto Dominion Bank grew its stake in Harley-Davidson by 1.7% in the third quarter. Toronto Dominion Bank now owns 49,995 shares of the company's stock worth $1,926,000 after purchasing an additional 815 shares in the last quarter. 85.10% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

HOG has been the topic of several research reports. Robert W. Baird cut their price objective on Harley-Davidson from $40.00 to $36.00 and set a "neutral" rating on the stock in a research note on Tuesday, December 31st. StockNews.com raised Harley-Davidson from a "sell" rating to a "hold" rating in a research report on Wednesday, November 27th. UBS Group decreased their price objective on shares of Harley-Davidson from $35.00 to $28.00 and set a "neutral" rating for the company in a report on Thursday, February 20th. Morgan Stanley dropped their target price on shares of Harley-Davidson from $33.00 to $31.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. Finally, Bank of America reduced their price target 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. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Harley-Davidson has a consensus rating of "Hold" and an average price target of $33.57.

Insider Activity

In other Harley-Davidson news, insider Luke Christopher Mansfield sold 3,400 shares of Harley-Davidson stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $25.96, for a total value of $88,264.00. Following the transaction, the insider now owns 23,555 shares in the company, valued at approximately $611,487.80. The trade was a 12.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.87% of the stock is owned by insiders.

Harley-Davidson Stock Performance

Shares of HOG traded up $1.01 during trading hours on Monday, reaching $27.10. 5,462,665 shares of the company's stock traded hands, compared to its average volume of 1,782,773. Harley-Davidson, Inc. has a twelve month low of $23.82 and a twelve month high of $44.16. The business's fifty day simple moving average is $27.47 and its two-hundred day simple moving average is $32.06. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.40 and a quick ratio of 1.19. The firm has a market capitalization of $3.37 billion, a price-to-earnings ratio of 8.14, a P/E/G ratio of 0.38 and a beta of 1.49.

Harley-Davidson (NYSE:HOG - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported ($0.93) EPS for the quarter, missing analysts' consensus estimates of ($0.65) by ($0.28). Harley-Davidson had a return on equity of 13.64% and a net margin of 9.25%. During the same quarter in the prior year, the company earned $0.18 EPS. Analysts predict that Harley-Davidson, Inc. will post 3.44 earnings per share for the current year.

Harley-Davidson Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.18 per share. This is a positive change from Harley-Davidson's previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend is Friday, February 28th. Harley-Davidson's dividend payout ratio (DPR) is presently 21.62%.

Harley-Davidson 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.