Stocks

Allianz SE Invests $8.61 Million in Ferrari

Published March 29, 2025

Allianz SE has made a new investment in Ferrari (NYSE:RACE) during the fourth quarter, as indicated in the company's latest filing with the SEC. The firm acquired 20,192 shares of Ferrari's stock, which amounts to an investment of approximately $8,611,000.

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Other hedge funds and institutional investors are also adjusting their positions in Ferrari. For example, Hanson & Doremus Investment Management took a new stake in the company valued at around $26,000 during the fourth quarter. Additionally, Hobbs Group Advisors LLC purchased shares worth approximately $47,000 in the third quarter. Armstrong Advisory Group Inc. significantly increased its holdings, doubling its investment to 100 shares valued at $42,000 after buying an additional 50 shares. Likewise, Kestra Investment Management LLC bought a stake during the fourth quarter for about $45,000, and Plato Investment Management Ltd acquired shares worth $53,000 in the same period.

Analysts See Potential Growth

Several analysts have weighed in on Ferrari's stock (RACE). Kepler Capital Markets upgraded Ferrari's rating from "hold" to a "buy" recently. Similarly, Barclays adjusted its rating from "equal weight" to "overweight". Deutsche Bank Aktiengesellschaft started covering Ferrari and gave it a "hold" rating. JPMorgan Chase & Co. reduced its price target for Ferrari from $525.00 to $460.00 but maintained an "overweight" rating. Furthermore, StockNews.com upgraded Ferrari from "hold" to "buy". Presently, two analysts rate the stock as a hold, while nine have issued buy ratings. MarketBeat data indicates that the average rating for Ferrari's stock is "Moderate Buy", with a consensus price target of $497.86.

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Read Our Latest Analysis on Ferrari

Ferrari Stock Performance

Ferrari's stock opened at $429.93 on Friday, with a market capitalization of $104.21 billion. The company's debt-to-equity ratio stands at 0.93, while its current and quick ratios are 4.57 and 3.55, respectively. Over the past year, Ferrari's stock has seen a low of $399.27 and a high of $509.13. Its 50-day moving average price is currently $456.00, and the 200-day moving average is $452.46. The stock has a price-to-earnings (P/E) ratio of 46.99 and a P/E growth (P/E/G) ratio of 4.43, with a beta value of 0.94.

Dividend Announcement

Ferrari has also recently declared an annual dividend, set to be paid on Tuesday, May 6th. Shareholders recorded as of Wednesday, April 23rd, will receive a dividend of $3.1265 per share, a notable increase from the previous annual dividend of $2.44. The ex-dividend date falls on April 23rd, producing a yield of 0.5%. Currently, Ferrari's dividend payout ratio (DPR) is 5.63%.

About Ferrari

Ferrari N.V. is engaged in designing, engineering, producing, and selling luxury performance sports cars globally. Their product line includes various ranges, special series, and limited edition supercars, along with track cars. They also provide racing cars, spare parts, repair and maintenance services, and license the Ferrari brand to various luxury producers and retailers.

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Allianz, Ferrari, Investment