Groupe des Assurances du Credit Mutuel Purchases 14,000 Shares of Ferrari N.V. $RACE

Posted by Stanley Muller on May 19th, 2026

Groupe des Assurances du Credit Mutuel grew its position in Ferrari N.V. (NYSE:RACE – Free Report) by 8.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 185,000 shares of the company’s stock after purchasing an additional 14,000 shares during the period. Ferrari makes up approximately 23.2% of Groupe des Assurances du Credit Mutuel’s holdings, making the stock its 2nd largest holding. Groupe des Assurances du Credit Mutuel’s holdings in Ferrari were worth $68,369,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Groupama Asset Managment lifted its stake in shares of Ferrari by 5.7% in the 3rd quarter. Groupama Asset Managment now owns 16,990,621 shares of the company’s stock valued at $8,244,189,000 after purchasing an additional 916,821 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Ferrari by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 5,213,450 shares of the company’s stock valued at $1,937,388,000 after purchasing an additional 58,506 shares in the last quarter. Amundi lifted its stake in shares of Ferrari by 8.0% in the 3rd quarter. Amundi now owns 2,972,368 shares of the company’s stock valued at $1,461,008,000 after purchasing an additional 219,909 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Ferrari by 63.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,670,762 shares of the company’s stock valued at $1,295,907,000 after purchasing an additional 1,039,234 shares in the last quarter. Finally, Bank of Italy lifted its stake in shares of Ferrari by 2.3% in the 3rd quarter. Bank of Italy now owns 2,462,771 shares of the company’s stock valued at $1,190,158,000 after purchasing an additional 55,500 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on RACE. Citigroup raised Ferrari from a “sell” rating to a “neutral” rating in a research note on Thursday, February 12th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ferrari in a research note on Wednesday, February 11th. Morgan Stanley set a $420.00 price objective on Ferrari in a research note on Monday, February 16th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $410.00 price objective on shares of Ferrari in a research note on Wednesday, February 11th. Finally, Zacks Research upgraded Ferrari from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. Three research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Ferrari presently has a consensus rating of “Moderate Buy” and an average target price of $469.06.

View Our Latest Stock Analysis on RACE

Ferrari Stock Performance

Shares of NYSE:RACE opened at $324.68 on Tuesday. The company has a market cap of $75.96 billion, a P/E ratio of 31.16, a PEG ratio of 3.07 and a beta of 0.95. The company has a debt-to-equity ratio of 0.72, a quick ratio of 4.08 and a current ratio of 5.20. Ferrari N.V. has a one year low of $312.51 and a one year high of $519.10. The business’s 50-day simple moving average is $339.98 and its 200 day simple moving average is $361.35.

Ferrari Increases Dividend

The business also recently announced an annual dividend, which was paid on Tuesday, May 5th. Investors of record on Tuesday, April 21st were issued a dividend of $3.615 per share. This represents a dividend yield of 119.0%. The ex-dividend date was Tuesday, April 21st. This is an increase from Ferrari’s previous annual dividend of $3.13.

About Ferrari

(Free Report)

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.