CIBC Bancorp USA Inc. Acquires New Shares in Ferrari N.V. $RACE

CIBC Bancorp USA Inc. acquired a new position in shares of Ferrari N.V. (NYSE:RACE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 183,194 shares of the company’s stock, valued at approximately $81,367,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd raised its position in shares of Ferrari by 208.6% during the third quarter. Caitong International Asset Management Co. Ltd now owns 108 shares of the company’s stock worth $52,000 after purchasing an additional 73 shares during the period. Advisory Services Network LLC grew its position in shares of Ferrari by 11.3% in the 3rd quarter. Advisory Services Network LLC now owns 572 shares of the company’s stock valued at $278,000 after purchasing an additional 58 shares during the period. NewEdge Advisors LLC grew its position in shares of Ferrari by 15.6% in the 3rd quarter. NewEdge Advisors LLC now owns 4,893 shares of the company’s stock valued at $2,374,000 after purchasing an additional 662 shares during the period. Castleark Management LLC increased its stake in Ferrari by 2.1% during the 3rd quarter. Castleark Management LLC now owns 22,000 shares of the company’s stock worth $10,675,000 after purchasing an additional 450 shares in the last quarter. Finally, Armistice Capital LLC bought a new stake in Ferrari during the 3rd quarter worth approximately $302,000.

Ferrari Stock Performance

Shares of RACE opened at $336.93 on Wednesday. The stock has a market capitalization of $78.82 billion, a price-to-earnings ratio of 33.32, a PEG ratio of 3.26 and a beta of 0.97. Ferrari N.V. has a 12 month low of $328.00 and a 12 month high of $519.10. The firm has a fifty day simple moving average of $353.91 and a 200 day simple moving average of $395.35. The company has a current ratio of 5.70, a quick ratio of 4.38 and a debt-to-equity ratio of 0.74.

Ferrari Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Tuesday, May 5th. Stockholders of record on Tuesday, April 21st will be paid a dividend of $3.615 per share. The ex-dividend date is Tuesday, April 21st. This represents a dividend yield of 99.0%. This is a positive change from Ferrari’s previous annual dividend of $3.13.

Key Ferrari News

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Ferrari updated progress on its €3.5bn multi‑year buyback: the company has been executing the first €250m tranche and has reported purchases across Euronext Milan and the NYSE, reducing float and lifting the treasury stake. This is a direct capital‑return support for the share price. Read More.
• Positive Sentiment: Recent race results and media buzz (Antonelli feel‑good stories, Hamilton’s Ferrari podium, and data showing Ferrari closer to Mercedes than expected) boost the brand and investor sentiment—motorsport success tends to support premium pricing, merchandising and halo effects. Read More. Read More.
• Neutral Sentiment: Marketing crossover: The Moon Group founder/influencer Carl Runefelt made his Ferrari Challenge debut, exposing Ferrari to crypto/Web3 audiences—good for outreach but unclear near‑term revenue impact. Read More.
• Neutral Sentiment: Testing and track activity (desert track testing) show ongoing development work; useful for technical progress but not an immediate earnings catalyst. Read More.
• Negative Sentiment: Technical/regulatory issue: reports say Ferrari removed a “concerning”/controversial detail from the car after sprint‑race success in China, suggesting regulatory scrutiny and the risk of performance compromise going forward. Read More.
• Negative Sentiment: Race‑weekend controversies and public criticism (drivers’ on‑track battles, comments from former drivers and team exchanges) create short‑term headline risk that can amplify volatility despite sporting positives. Read More.

Analyst Upgrades and Downgrades

RACE has been the topic of a number of research reports. Jefferies Financial Group reaffirmed a “hold” rating on shares of Ferrari in a research note on Wednesday, February 11th. HSBC reissued a “hold” rating on shares of Ferrari in a research report on Tuesday, January 13th. JPMorgan Chase & Co. boosted their price objective on shares of Ferrari from $407.00 to $447.00 and gave the company an “overweight” rating in a research report on Tuesday, March 3rd. UBS Group reduced their target price on shares of Ferrari from $563.00 to $555.00 and set a “buy” rating for the company in a research note on Friday, January 9th. Finally, BNP Paribas Exane upgraded Ferrari to a “strong-buy” rating in a report on Thursday, December 11th. Three investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Ferrari presently has a consensus rating of “Moderate Buy” and an average price target of $475.61.

About Ferrari

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.