Harley-Davidson, Inc. (NYSE:HOG) Shares Sold by Jump Financial LLC

Jump Financial LLC lessened its position in Harley-Davidson, Inc. (NYSE:HOG) by 14.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 50,700 shares of the company’s stock after selling 8,434 shares during the period. Jump Financial LLC’s holdings in Harley-Davidson were worth $1,528,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MML Investors Services LLC lifted its position 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 purchasing an additional 379 shares during the period. Venturi Wealth Management LLC lifted its holdings 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 buying an additional 554 shares during the period. Covestor Ltd boosted its stake in shares of Harley-Davidson by 18.8% in the fourth quarter. Covestor Ltd now owns 4,163 shares of the company’s stock valued at $125,000 after buying an additional 658 shares in the last quarter. Global Retirement Partners LLC grew its holdings in Harley-Davidson by 84.3% during the fourth quarter. Global Retirement Partners LLC now owns 1,850 shares of the company’s stock worth $56,000 after acquiring an additional 846 shares during the period. Finally, Xponance Inc. raised its position in Harley-Davidson by 6.5% in the fourth quarter. Xponance Inc. now owns 14,123 shares of the company’s stock worth $426,000 after acquiring an additional 856 shares in the last quarter. Hedge funds and other institutional investors own 85.10% of the company’s stock.

Harley-Davidson Price Performance

HOG stock opened at $22.56 on Friday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.19 and a current ratio of 1.40. The stock’s 50 day moving average price is $24.74 and its 200 day moving average price is $29.12. The firm has a market cap of $2.79 billion, a P/E ratio of 6.77, a PEG ratio of 0.38 and a beta of 1.28. Harley-Davidson, Inc. has a 1 year low of $20.45 and a 1 year high of $40.14.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data 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 net margin of 9.25% and a return on equity of 13.64%. During the same period last year, the business posted $0.18 EPS. On average, sell-side analysts expect that Harley-Davidson, Inc. will post 3.44 earnings per share for the current fiscal year.

Harley-Davidson Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date was Friday, February 28th. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.17. Harley-Davidson’s payout ratio is currently 21.62%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on HOG shares. Citigroup cut their price target on shares of Harley-Davidson from $29.00 to $28.00 and set a “neutral” rating for the company in a report on Wednesday, April 2nd. UBS Group dropped their target price 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. Bank of America decreased their price target on Harley-Davidson from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. DA Davidson reaffirmed a “buy” rating and issued a $31.00 price objective on shares of Harley-Davidson in a research note on Wednesday, April 9th. Finally, Morgan Stanley reduced their price objective on Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Six analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $32.00.

Insider Activity at Harley-Davidson

In related news, insider Luke Christopher Mansfield sold 3,400 shares of the company’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $25.96, for a total value of $88,264.00. Following the completion of the transaction, the insider now directly owns 23,555 shares in the company, valued at approximately $611,487.80. This represents a 12.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.93% of the company’s stock.

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.