Raymond James Financial Inc. Purchases Shares of 624,036 Harley-Davidson, Inc. (NYSE:HOG)

Raymond James Financial Inc. purchased a new stake in Harley-Davidson, Inc. (NYSE:HOG) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 624,036 shares of the company’s stock, valued at approximately $18,802,000. Raymond James Financial Inc. owned approximately 0.49% of Harley-Davidson as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its position in Harley-Davidson by 30.7% in the fourth quarter. Pacer Advisors Inc. now owns 5,468,089 shares of the company’s stock valued at $164,754,000 after buying an additional 1,285,225 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Harley-Davidson by 12.0% during the fourth quarter. Bank of New York Mellon Corp now owns 1,470,130 shares of the company’s stock worth $44,295,000 after purchasing an additional 157,939 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Harley-Davidson by 38.6% during the third quarter. JPMorgan Chase & Co. now owns 533,490 shares of the company’s stock worth $20,555,000 after purchasing an additional 148,537 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Harley-Davidson by 559.4% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 394,680 shares of the company’s stock worth $15,207,000 after purchasing an additional 334,830 shares in the last quarter. Finally, Algert Global LLC lifted its position in shares of Harley-Davidson by 72.6% during the third quarter. Algert Global LLC now owns 327,286 shares of the company’s stock worth $12,610,000 after purchasing an additional 137,644 shares in the last quarter. 85.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Harley-Davidson

In other news, insider Luke Christopher Mansfield sold 3,400 shares of the firm’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $25.96, for a total transaction of $88,264.00. Following the completion of the sale, the insider now owns 23,555 shares in the company, valued at approximately $611,487.80. This trade represents a 12.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Robert W. Baird reduced their target price 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. DA Davidson reduced their target price on shares of Harley-Davidson from $39.00 to $31.00 and set a “buy” rating on the stock in a research report on Tuesday, February 4th. UBS Group reduced their target price on shares of Harley-Davidson from $35.00 to $28.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. Bank of America dropped their price target on shares of Harley-Davidson from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Finally, Morgan Stanley dropped their price target on shares of Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Harley-Davidson currently has a consensus rating of “Hold” and an average price target of $33.57.

Harley-Davidson Stock Up 4.8 %

Shares of HOG stock opened at $25.73 on Tuesday. Harley-Davidson, Inc. has a 12-month low of $23.81 and a 12-month high of $44.16. The firm has a fifty day moving average of $26.92 and a 200-day moving average of $31.54. The company has a market capitalization of $3.20 billion, a price-to-earnings ratio of 7.73, a P/E/G ratio of 0.38 and a beta of 1.49. The company has a quick ratio of 1.19, a current ratio of 1.40 and a debt-to-equity ratio of 1.41.

Harley-Davidson (NYSE:HOG) last announced its earnings results on Wednesday, February 5th. The company reported ($0.93) EPS for the quarter, missing the consensus estimate 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 last year, the firm posted $0.18 EPS. As a group, equities research analysts predict that Harley-Davidson, Inc. will post 3.44 earnings per share for the current fiscal year.

Harley-Davidson Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.18 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.72 dividend on an annualized basis and a yield of 2.80%. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.17. Harley-Davidson’s dividend payout ratio (DPR) is currently 21.62%.

Harley-Davidson Company 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.