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

Raymond James Financial Inc. purchased a new position in shares of Toyota Motor Co. (NYSE:TM) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 134,646 shares of the company’s stock, valued at approximately $26,203,000.

A number of other institutional investors have also modified their holdings of TM. Avior Wealth Management LLC raised its holdings in Toyota Motor by 4.2% in the 4th quarter. Avior Wealth Management LLC now owns 1,662 shares of the company’s stock valued at $324,000 after acquiring an additional 67 shares during the last quarter. Bleakley Financial Group LLC boosted its stake in Toyota Motor by 3.3% in the 4th quarter. Bleakley Financial Group LLC now owns 2,441 shares of the company’s stock worth $475,000 after buying an additional 79 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in Toyota Motor by 0.8% in the 4th quarter. Quadrant Capital Group LLC now owns 9,517 shares of the company’s stock valued at $1,852,000 after buying an additional 80 shares during the period. Trust Co. of Vermont lifted its holdings in shares of Toyota Motor by 113.3% during the 4th quarter. Trust Co. of Vermont now owns 160 shares of the company’s stock worth $31,000 after acquiring an additional 85 shares during the period. Finally, Aprio Wealth Management LLC boosted its position in shares of Toyota Motor by 6.5% in the fourth quarter. Aprio Wealth Management LLC now owns 1,411 shares of the company’s stock worth $275,000 after acquiring an additional 86 shares during the last quarter. Institutional investors and hedge funds own 1.48% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on TM shares. Macquarie upgraded shares of Toyota Motor from a “neutral” rating to an “outperform” rating in a report on Tuesday, February 4th. Sanford C. Bernstein began coverage on Toyota Motor in a report on Monday. They issued a “market perform” rating on the stock. CLSA cut Toyota Motor from an “outperform” rating to a “hold” rating in a report on Wednesday, February 5th. Finally, StockNews.com raised shares of Toyota Motor from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold”.

Toyota Motor Stock Performance

Shares of NYSE:TM opened at $176.44 on Friday. The company has a market cap of $237.74 billion, a P/E ratio of 7.29, a PEG ratio of 0.35 and a beta of 0.64. Toyota Motor Co. has a one year low of $155.00 and a one year high of $235.68. The business’s 50-day simple moving average is $180.33 and its 200 day simple moving average is $179.79. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.06 and a current ratio of 1.21.

Toyota Motor (NYSE:TM) last announced its earnings results on Wednesday, February 5th. The company reported $9.98 earnings per share for the quarter, beating the consensus estimate of $4.36 by $5.62. Toyota Motor had a net margin of 10.86% and a return on equity of 14.00%. On average, sell-side analysts forecast that Toyota Motor Co. will post 19.76 earnings per share for the current fiscal 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.