Verition Fund Management LLC Grows Stock Holdings in Harley-Davidson, Inc. (NYSE:HOG)

Verition Fund Management LLC raised its holdings in shares of Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 35.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 97,805 shares of the company's stock after buying an additional 25,472 shares during the period. Verition Fund Management LLC owned about 0.08% of Harley-Davidson worth $3,768,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Prospera Private Wealth LLC purchased a new stake in Harley-Davidson in the 3rd quarter worth approximately $35,000. Ashton Thomas Securities LLC purchased a new position in shares of Harley-Davidson during the 3rd quarter valued at $38,000. Signaturefd LLC lifted its stake in shares of Harley-Davidson by 46.8% during the 2nd quarter. Signaturefd LLC now owns 1,872 shares of the company's stock valued at $63,000 after buying an additional 597 shares in the last quarter. Fifth Third Bancorp increased its stake in Harley-Davidson by 19.5% in the 2nd quarter. Fifth Third Bancorp now owns 1,970 shares of the company's stock worth $66,000 after buying an additional 322 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Harley-Davidson by 19.0% during the second quarter. GAMMA Investing LLC now owns 2,008 shares of the company's stock valued at $67,000 after acquiring an additional 320 shares during the period. 85.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HOG has been the topic of several recent analyst reports. StockNews.com raised Harley-Davidson from a "sell" rating to a "hold" rating in a research note on Wednesday, November 27th. Bank of America lowered their target price on shares of Harley-Davidson from $50.00 to $45.00 and set a "buy" rating on the stock in a report on Tuesday, October 15th. Baird R W downgraded shares of Harley-Davidson from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 2nd. Citigroup dropped their price objective on shares of Harley-Davidson from $39.00 to $34.00 and set a "neutral" rating for the company in a report on Friday, October 25th. Finally, UBS Group reduced their target price on Harley-Davidson from $40.00 to $35.00 and set a "neutral" rating on the stock in a report on Thursday, November 7th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $42.57.

Harley-Davidson Trading Down 1.6 %

Shares of NYSE:HOG traded down $0.55 during trading on Wednesday, reaching $33.27. The company's stock had a trading volume of 1,359,987 shares, compared to its average volume of 1,697,987. The firm's 50 day simple moving average is $34.12 and its two-hundred day simple moving average is $35.01. The company has a current ratio of 1.41, a quick ratio of 1.25 and a debt-to-equity ratio of 1.38. Harley-Davidson, Inc. has a 12 month low of $30.48 and a 12 month high of $44.16. The stock has a market capitalization of $4.24 billion, a PE ratio of 7.62, a price-to-earnings-growth ratio of 0.46 and a beta of 1.47.

Harley-Davidson Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Tuesday, December 10th will be given a dividend of $0.1725 per share. This represents a $0.69 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Tuesday, December 10th. Harley-Davidson's dividend payout ratio is currently 15.54%.

Insider Activity at Harley-Davidson

In other news, Director Maryrose Sylvester sold 4,278 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $32.25, for a total value of $137,965.50. Following the sale, the director now directly owns 17,687 shares in the company, valued at approximately $570,405.75. This represents a 19.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.87% of the stock is currently owned by insiders.

About Harley-Davidson

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.