PNC Financial Services Group Inc. Sells 1,654 Shares of Ferrari N.V. $RACE

PNC Financial Services Group Inc. lessened its stake in Ferrari N.V. (NYSE:RACE) by 16.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,157 shares of the company’s stock after selling 1,654 shares during the period. PNC Financial Services Group Inc.’s holdings in Ferrari were worth $3,958,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of RACE. Generali Asset Management SPA SGR lifted its holdings in Ferrari by 28.9% during the third quarter. Generali Asset Management SPA SGR now owns 55,690 shares of the company’s stock worth $27,022,000 after acquiring an additional 12,485 shares in the last quarter. Rheos Capital Works Inc. increased its holdings in shares of Ferrari by 33.1% in the third quarter. Rheos Capital Works Inc. now owns 215,200 shares of the company’s stock worth $104,419,000 after acquiring an additional 53,500 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Ferrari by 63.7% during the third quarter. Bank of New York Mellon Corp now owns 2,670,762 shares of the company’s stock worth $1,295,907,000 after purchasing an additional 1,039,234 shares during the period. Alta Capital Management LLC bought a new position in shares of Ferrari during the 3rd quarter valued at about $6,391,000. Finally, Teacher Retirement System of Texas acquired a new position in shares of Ferrari in the 3rd quarter valued at approximately $8,995,000.

Analyst Upgrades and Downgrades

RACE has been the topic of several research analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Ferrari in a report on Monday, December 29th. UBS Group dropped their price objective on shares of Ferrari from $563.00 to $555.00 and set a “buy” rating on the stock in a report on Friday, January 9th. Barclays set a $420.00 target price on shares of Ferrari and gave the stock an “overweight” rating in a research note on Tuesday, December 9th. Oddo Bhf downgraded Ferrari to a “neutral” rating in a research note on Wednesday, December 10th. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $410.00 price target on shares of Ferrari in a report on Wednesday, February 11th. Three analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $476.52.

Key Headlines Impacting Ferrari

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Board increased the annual cash distribution, proposing/declaring an annual dividend of €3.615 per share (payable May 5; ex‑div Apr 21), a double‑digit raise vs. the prior payout — supports income‑oriented investors and signals management confidence. Board Proposes Higher Dividend
• Positive Sentiment: Pre‑season F1 testing in Bahrain put Ferrari near the front — Charles Leclerc posted top times on the final day, boosting expectations for on‑track competitiveness and the halo marketing effect. Leclerc Leads Bahrain Test
• Positive Sentiment: Ferrari’s new aerodynamic concept (a “trick” rear wing) drew strong media and commentator attention, increasing optimism about performance gains that can lift the brand and merchandising. Ferrari Debuts Trick Rear Wing
• Positive Sentiment: Sell‑side support: Evercore ISI reiterated a bullish view on Ferrari, which can underwrite near‑term investor confidence. Evercore ISI Bullish on Ferrari
• Neutral Sentiment: Corporate reporting: Ferrari published its 2025 Annual Report and filed its Form 20‑F, including sustainability disclosures — good for transparency but not an immediate earnings catalyst. 2025 Annual Report Filed
• Neutral Sentiment: Operational note: Ferrari decided not to appoint a temporary race engineer for Lewis Hamilton — a team personnel choice that appears non‑material but worth watching for communication/consistency on race weekends. No Temp Race Engineer for Hamilton
• Negative Sentiment: Valuation and technical headwinds: RACE trades at a premium (P/E ~36) and remains below its 200‑day moving average (~$409), which may limit upside until fundamentals or momentum improve.

Ferrari Stock Up 0.1%

Shares of RACE stock opened at $366.93 on Friday. The firm’s fifty day moving average price is $360.25 and its two-hundred day moving average price is $408.73. The company has a current ratio of 4.90, a quick ratio of 3.78 and a debt-to-equity ratio of 0.76. Ferrari N.V. has a 1 year low of $328.00 and a 1 year high of $519.10. The firm has a market capitalization of $88.93 billion, a P/E ratio of 36.29, a PEG ratio of 3.57 and a beta of 0.99.

Ferrari Increases Dividend

The business also recently announced an annual dividend, which will be paid on Tuesday, May 5th. Investors of record on Tuesday, April 21st will be given a $3.615 dividend. This is an increase from Ferrari’s previous annual dividend of $3.13. This represents a dividend yield of 99.0%. The ex-dividend date of this dividend is Tuesday, April 21st. Ferrari’s dividend payout ratio (DPR) is presently 5.09%.

Ferrari Profile

Ferrari N.V. (NYSE: RACE) is an Italian luxury sports car manufacturer best known for designing, engineering and selling high-performance automobiles under the Ferrari marque. The company’s core business centers on the development and manufacture of premium sports cars and limited-series models, complemented by personalization and bespoke engineering services for high-net-worth clients. Ferrari also generates revenue from brand licensing, the sale of spare parts and accessories, aftersales services, and curated client experiences such as driving programs and factory visits.

Founded from the automotive activities of Enzo Ferrari, the first cars bearing the Ferrari name emerged in the late 1940s; the brand has since built a reputation for performance, craftsmanship and exclusivity.