JPMorgan Chase & Co. Has $20.56 Million Stake in Harley-Davidson, Inc. (NYSE:HOG)

JPMorgan Chase & Co. grew its stake in shares of Harley-Davidson, Inc. (NYSE:HOG) by 38.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 533,490 shares of the company’s stock after buying an additional 148,537 shares during the period. JPMorgan Chase & Co. owned approximately 0.42% of Harley-Davidson worth $20,555,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Prospera Private Wealth LLC acquired a new stake in shares of Harley-Davidson during the third quarter worth about $35,000. Ashton Thomas Securities LLC bought a new position in Harley-Davidson in the third quarter valued at approximately $38,000. Brooklyn Investment Group acquired a new position in shares of Harley-Davidson in the third quarter valued at approximately $79,000. GAMMA Investing LLC raised its holdings in shares of Harley-Davidson by 24.6% during the third quarter. GAMMA Investing LLC now owns 2,502 shares of the company’s stock worth $96,000 after acquiring an additional 494 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its position in Harley-Davidson by 191.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 3,999 shares of the company’s stock valued at $133,000 after acquiring an additional 2,626 shares in the last quarter. 85.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HOG has been the topic of several recent research 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 cut their target price on Harley-Davidson from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday, October 15th. Citigroup decreased their price target on shares of Harley-Davidson from $39.00 to $34.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Robert W. Baird cut their price objective on shares of Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 31st. Finally, UBS Group decreased their target price on shares of Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $42.00.

Harley-Davidson Stock Performance

NYSE HOG opened at $28.84 on Thursday. The firm has a market capitalization of $3.67 billion, a P/E ratio of 6.50, a price-to-earnings-growth ratio of 0.44 and a beta of 1.48. The company has a current ratio of 1.41, a quick ratio of 1.25 and a debt-to-equity ratio of 1.38. The firm’s fifty day moving average price is $32.04 and its two-hundred day moving average price is $34.40. Harley-Davidson, Inc. has a 1 year low of $28.51 and a 1 year high of $44.16.

Harley-Davidson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Tuesday, December 10th were issued a $0.1725 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $0.69 dividend on an annualized basis and a dividend yield of 2.39%. Harley-Davidson’s payout ratio is 15.54%.

Insider Activity at Harley-Davidson

In other Harley-Davidson news, Director Maryrose Sylvester sold 4,278 shares of Harley-Davidson stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $32.25, for a total transaction of $137,965.50. Following the completion of the transaction, the director now directly owns 17,687 shares of the company’s stock, valued at $570,405.75. The trade was a 19.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.87% of the stock is currently owned by company insiders.

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.