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

JPMorgan Chase & Co. raised its position in Harley-Davidson, Inc. (NYSE:HOG) by 38.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 533,490 shares of the company’s stock after purchasing an additional 148,537 shares during the period. JPMorgan Chase & Co.’s holdings in Harley-Davidson were worth $20,555,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. grew its stake in shares of Harley-Davidson by 22,680.0% in the third quarter. Pacer Advisors Inc. now owns 4,182,864 shares of the company’s stock valued at $161,166,000 after acquiring an additional 4,164,502 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Harley-Davidson by 12.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,248,512 shares of the company’s stock worth $209,576,000 after purchasing an additional 708,260 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Harley-Davidson by 42.8% during the second quarter. American Century Companies Inc. now owns 2,263,919 shares of the company’s stock worth $75,932,000 after purchasing an additional 678,092 shares during the period. Hotchkis & Wiley Capital Management LLC raised its position in shares of Harley-Davidson by 559.4% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 394,680 shares of the company’s stock valued at $15,207,000 after buying an additional 334,830 shares in the last quarter. Finally, Squarepoint Ops LLC grew its position in Harley-Davidson by 174.4% during the second quarter. Squarepoint Ops LLC now owns 419,775 shares of the company’s stock worth $14,079,000 after buying an additional 266,806 shares in the last quarter. Institutional investors and hedge funds own 85.10% of the company’s stock.

Harley-Davidson Price Performance

Shares of NYSE HOG opened at $28.84 on Thursday. Harley-Davidson, Inc. has a fifty-two week low of $28.51 and a fifty-two week high of $44.16. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.25 and a current ratio of 1.41. The firm’s 50-day simple moving average is $32.04 and its 200 day simple moving average is $34.40. The stock has a market cap of $3.67 billion, a price-to-earnings ratio of 6.50, a PEG ratio of 0.44 and a beta of 1.48.

Harley-Davidson Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Tuesday, December 10th were paid a dividend of $0.1725 per share. This represents a $0.69 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend was Tuesday, December 10th. Harley-Davidson’s dividend payout ratio (DPR) is presently 15.54%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Citigroup decreased their price target on Harley-Davidson from $39.00 to $34.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. StockNews.com raised Harley-Davidson from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. UBS Group reduced their price objective on shares of Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Robert W. Baird decreased their target price on shares of Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating for the company in a research report on Tuesday, December 31st. Finally, Bank of America lowered their price objective on Harley-Davidson from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $42.00.

Insider Buying and Selling

In related news, Director Maryrose Sylvester sold 4,278 shares of the firm’s stock in a transaction dated 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 sale, the director now owns 17,687 shares in the company, valued at approximately $570,405.75. This trade represents a 19.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.87% of the stock is owned by corporate insiders.

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.