Legal & General Group Plc Reduces Stake in Ferrari N.V. $RACE

Legal & General Group Plc decreased its stake in Ferrari N.V. (NYSE:RACE) by 6.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 882,885 shares of the company’s stock after selling 57,393 shares during the quarter. Legal & General Group Plc owned approximately 0.36% of Ferrari worth $427,037,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Groupama Asset Managment boosted its stake in shares of Ferrari by 24,598.5% in the second quarter. Groupama Asset Managment now owns 16,073,800 shares of the company’s stock worth $7,888,057,000 after acquiring an additional 16,008,720 shares during the last quarter. Norges Bank acquired a new stake in Ferrari in the 2nd quarter valued at approximately $885,051,000. Bank of New York Mellon Corp increased its stake in 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. Viking Global Investors LP increased its position in shares of Ferrari by 432.7% during the second quarter. Viking Global Investors LP now owns 721,269 shares of the company’s stock worth $353,526,000 after acquiring an additional 585,872 shares during the period. Finally, American Century Companies Inc. acquired a new stake in Ferrari in the second quarter valued at approximately $109,526,000.

Ferrari News Summary

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Company is actively repurchasing shares as part of a multi-year ~€3.5 billion buyback program; Ferrari reported purchases under the first €250m tranche, a clear cash-return driver that supports EPS and valuation. Read More.
• Positive Sentiment: Analyst/press pieces reinforce Ferrari’s luxury, scarcity-driven pricing power—arguing the stock trades more like a collectible asset than a volume carmaker—supporting a premium multiple. Read More.
• Positive Sentiment: External praise from competitors (e.g., Lando Norris saying Ferrari’s cornering speed is “unbelievable”) highlights competitive on-track performance, which boosts brand halo and sponsorship/marketing value. Read More.
• Positive Sentiment: Ferrari published its official driver programmes for 2026 endurance racing, reinforcing motorsport commitments that support long-term brand equity. Read More.
• Neutral Sentiment: Fans reacted positively to Lewis Hamilton’s communication with Ferrari’s new race engineer—good PR but limited direct corporate/financial impact. Read More.
• Neutral Sentiment: Entertainment/enthusiast coverage (drag race video between F8 Tributo and 488 Pista) drives consumer interest, but minimal near-term effect on fundamentals. Read More.
• Neutral Sentiment: Feature pieces and owner stories (e.g., reflections on owning iconic Ferraris) help brand perception but are not material to near-term shares. Read More.
• Negative Sentiment: Race coverage criticized Ferrari’s Australian GP performance (“bottled” race; Mercedes outshone Ferrari), which creates short-term reputational and execution concerns for its F1 flagship. Read More.
• Negative Sentiment: Controversy around strategy in Australia—Ferrari publicly defended its calls (“no regrets”)—may signal management/stewardship questions that traders can punish in the short term. Read More.
• Negative Sentiment: Driver comments and punditry (Leclerc likening racing to “Mario Kart”; other critical headlines including messages from Lewis Hamilton) add noise and can feed short-term volatility. Read More.
• Negative Sentiment: Several critical/pressure pieces signal that motorsport setbacks are the main near-term risk to sentiment despite solid capital allocation and brand strength. Read More.

Ferrari Stock Down 0.1%

Shares of NYSE:RACE opened at $346.37 on Wednesday. The firm has a market cap of $81.03 billion, a PE ratio of 34.26, a price-to-earnings-growth ratio of 3.38 and a beta of 0.97. The company has a fifty day simple moving average of $357.59 and a 200 day simple moving average of $400.17. 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 N.V. has a 12-month low of $328.00 and a 12-month high of $519.10.

Ferrari Increases Dividend

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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Ferrari from $407.00 to $447.00 and gave the company an “overweight” rating in a report on Tuesday, March 3rd. Oddo Bhf lowered Ferrari to a “neutral” rating in a report on Wednesday, December 10th. Jefferies Financial Group reiterated a “hold” rating on shares of Ferrari in a research report on Wednesday, February 11th. Morgan Stanley set a $420.00 price target on Ferrari in a research note on Monday, February 16th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Ferrari in a report on Wednesday, February 11th. Three research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Ferrari currently has a consensus rating of “Moderate Buy” and a consensus price target of $475.61.

Ferrari Company 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.