Stifel Financial Corp Grows Position in Harley-Davidson, Inc. (NYSE:HOG)

Stifel Financial Corp increased its stake in shares of Harley-Davidson, Inc. (NYSE:HOG) by 9.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,993 shares of the company’s stock after acquiring an additional 1,875 shares during the quarter. Stifel Financial Corp’s holdings in Harley-Davidson were worth $847,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Fifth Third Bancorp increased its holdings in shares of 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 during the last quarter. Covestor Ltd grew its position in Harley-Davidson by 14.7% in the third quarter. Covestor Ltd now owns 3,505 shares of the company’s stock worth $135,000 after acquiring an additional 448 shares in the last quarter. GAMMA Investing LLC increased its stake in 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 last quarter. Signaturefd LLC raised its position in Harley-Davidson by 46.8% during the second quarter. Signaturefd LLC now owns 1,872 shares of the company’s stock valued at $63,000 after purchasing an additional 597 shares during the period. Finally, Blue Trust Inc. lifted its stake in shares of Harley-Davidson by 23.5% in the 3rd quarter. Blue Trust Inc. now owns 3,659 shares of the company’s stock valued at $141,000 after purchasing an additional 697 shares during the last quarter. 85.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HOG. UBS Group lowered their price target on Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Baird R W cut shares of Harley-Davidson from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. StockNews.com upgraded shares of Harley-Davidson from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Robert W. Baird downgraded shares of Harley-Davidson from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $44.00 to $40.00 in a research note on Wednesday, October 2nd. Finally, Citigroup cut their target price on Harley-Davidson from $39.00 to $34.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $42.57.

Insider Transactions at Harley-Davidson

In related news, Director Maryrose Sylvester sold 4,278 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 17,687 shares of the company’s stock, valued at $570,405.75. This represents a 19.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.87% of the company’s stock.

Harley-Davidson Trading Up 0.4 %

HOG opened at $30.83 on Wednesday. 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 has a market cap of $3.93 billion, a price-to-earnings ratio of 6.94, a PEG ratio of 0.45 and a beta of 1.47. Harley-Davidson, Inc. has a 12 month low of $29.74 and a 12 month high of $44.16. The stock has a fifty day moving average price of $32.95 and a 200-day moving average price of $34.69.

Harley-Davidson Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Tuesday, December 10th were issued a dividend of $0.1725 per share. The ex-dividend date was Tuesday, December 10th. This represents a $0.69 annualized dividend and a dividend yield of 2.24%. Harley-Davidson’s dividend payout ratio is presently 15.54%.

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.