Raymond James Financial Inc. Acquires New Stake in Toyota Motor Co. (NYSE:TM)

Raymond James Financial Inc. acquired a new stake in Toyota Motor Co. (NYSE:TM) in the fourth quarter, Holdings Channel reports. The firm acquired 134,646 shares of the company’s stock, valued at approximately $26,203,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Stifel Financial Corp increased its holdings in Toyota Motor by 7.3% in the third quarter. Stifel Financial Corp now owns 311,483 shares of the company’s stock valued at $55,632,000 after purchasing an additional 21,092 shares during the period. Fisher Asset Management LLC increased its holdings in Toyota Motor by 2.4% in the third quarter. Fisher Asset Management LLC now owns 6,762,449 shares of the company’s stock valued at $1,207,571,000 after purchasing an additional 160,720 shares during the period. Atom Investors LP acquired a new stake in Toyota Motor in the third quarter valued at $841,000. FNY Investment Advisers LLC acquired a new stake in Toyota Motor in the fourth quarter valued at $1,167,000. Finally, Strategic Financial Concepts LLC acquired a new stake in Toyota Motor during the 4th quarter worth about $2,140,000. 1.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TM has been the subject of a number of recent analyst reports. Macquarie upgraded Toyota Motor from a “neutral” rating to an “outperform” rating in a report on Tuesday, February 4th. StockNews.com upgraded Toyota Motor from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. Finally, CLSA downgraded Toyota Motor from an “outperform” rating to a “hold” rating in a report on Wednesday, February 5th.

Toyota Motor Stock Performance

Shares of Toyota Motor stock opened at $186.72 on Friday. The company has a market cap of $251.58 billion, a P/E ratio of 7.71, a PEG ratio of 0.35 and a beta of 0.63. The business has a 50-day moving average price of $185.34 and a two-hundred day moving average price of $180.60. The company has a current ratio of 1.21, a quick ratio of 1.06 and a debt-to-equity ratio of 0.64. Toyota Motor Co. has a 1-year low of $159.04 and a 1-year high of $255.23.

Toyota Motor (NYSE:TM) last released its quarterly earnings data on Wednesday, February 5th. The company reported $9.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.36 by $5.62. Toyota Motor had a net margin of 10.86% and a return on equity of 14.00%. As a group, analysts anticipate that Toyota Motor Co. will post 19.76 EPS for the current year.

Toyota Motor Company Profile

Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories in Japan, North America, Europe, Asia, Central and South America, Oceania, Africa, and the Middle East. It operates in Automotive, Financial Services, and All Other segments.