DekaBank Deutsche Girozentrale Sells 2,626 Shares of Harley-Davidson, Inc. (NYSE:HOG)

DekaBank Deutsche Girozentrale reduced its position in shares of Harley-Davidson, Inc. (NYSE:HOG) by 65.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,373 shares of the company’s stock after selling 2,626 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Harley-Davidson were worth $54,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in HOG. Private Advisor Group LLC bought a new stake in shares of Harley-Davidson during the third quarter worth approximately $294,000. Allspring Global Investments Holdings LLC raised its position in shares of Harley-Davidson by 289.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,442 shares of the company’s stock valued at $287,000 after acquiring an additional 5,531 shares during the last quarter. Raymond James & Associates lifted its stake in shares of Harley-Davidson by 5.0% in the 3rd quarter. Raymond James & Associates now owns 647,000 shares of the company’s stock valued at $24,929,000 after purchasing an additional 30,725 shares during the period. Blue Trust Inc. boosted its position 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 worth $141,000 after purchasing an additional 697 shares during the last quarter. Finally, Twelve Points Wealth Management LLC grew its stake in shares of Harley-Davidson by 18.6% during the third quarter. Twelve Points Wealth Management LLC now owns 41,472 shares of the company’s stock worth $1,598,000 after purchasing an additional 6,512 shares during the period. 85.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Harley-Davidson news, Director Maryrose Sylvester sold 4,278 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 17,687 shares in the company, valued at approximately $570,405.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.87% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Citigroup reduced their target price on Harley-Davidson from $39.00 to $34.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Bank of America decreased their price objective on shares of Harley-Davidson from $50.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. Baird R W downgraded shares of Harley-Davidson from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. UBS Group lifted their price target on shares of Harley-Davidson from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, August 23rd. Finally, Robert W. Baird cut shares of Harley-Davidson from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $44.00 to $40.00 in a research report on Wednesday, October 2nd. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $43.29.

Harley-Davidson Trading Down 0.3 %

HOG opened at $31.87 on Monday. The stock has a market capitalization of $4.19 billion, a P/E ratio of 7.18, a P/E/G ratio of 0.41 and a beta of 1.46. The company has a current ratio of 1.41, a quick ratio of 1.25 and a debt-to-equity ratio of 1.38. Harley-Davidson, Inc. has a 12 month low of $26.35 and a 12 month high of $44.16. The firm’s fifty day simple moving average is $36.08 and its 200 day simple moving average is $35.47.

Harley-Davidson announced that its Board of Directors has initiated a share repurchase program on Thursday, July 25th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 19.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Harley-Davidson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 16th were given a dividend of $0.1725 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.69 annualized dividend and a dividend yield of 2.17%. Harley-Davidson’s dividend payout ratio is currently 15.54%.

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.