Toyota Motor Corp (TM) Holdings Reduced by SevenBridge Financial Group LLC
SevenBridge Financial Group LLC lowered its stake in Toyota Motor Corp (NYSE:TM) by 31.2% during the third quarter, Holdings Channel reports. The institutional investor owned 1,445 shares of the company’s stock after selling 655 shares during the quarter. SevenBridge Financial Group LLC’s holdings in Toyota Motor were worth $180,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Northern Trust Corp increased its stake in shares of Toyota Motor by 4.9% during the second quarter. Northern Trust Corp now owns 1,444,615 shares of the company’s stock worth $186,081,000 after buying an additional 67,349 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Toyota Motor by 1.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,074,276 shares of the company’s stock worth $138,377,000 after buying an additional 17,550 shares during the period. Renaissance Technologies LLC increased its stake in shares of Toyota Motor by 31.1% during the third quarter. Renaissance Technologies LLC now owns 541,300 shares of the company’s stock worth $67,311,000 after buying an additional 128,500 shares during the period. Morgan Stanley increased its stake in shares of Toyota Motor by 5.3% during the second quarter. Morgan Stanley now owns 428,104 shares of the company’s stock worth $55,144,000 after buying an additional 21,662 shares during the period. Finally, First Trust Advisors LP increased its stake in shares of Toyota Motor by 4.2% during the third quarter. First Trust Advisors LP now owns 190,951 shares of the company’s stock worth $23,745,000 after buying an additional 7,732 shares during the period. 0.70% of the stock is currently owned by institutional investors.
TM has been the subject of a number of research analyst reports. Bank of America raised Toyota Motor from a “neutral” rating to a “buy” rating in a report on Monday, October 22nd. Jefferies Financial Group raised Toyota Motor from a “hold” rating to a “buy” rating in a report on Thursday. Zacks Investment Research raised Toyota Motor from a “hold” rating to a “buy” rating and set a $136.00 price target for the company in a report on Wednesday, November 28th. JPMorgan Chase & Co. raised Toyota Motor from a “neutral” rating to an “overweight” rating in a report on Monday, November 19th. Finally, ValuEngine downgraded Toyota Motor from a “hold” rating to a “sell” rating in a report on Wednesday, August 15th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $133.00.
Toyota Motor (NYSE:TM) last released its quarterly earnings data on Tuesday, November 6th. The company reported $3.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.17 by $0.42. The firm had revenue of $65.59 billion during the quarter, compared to analysts’ expectations of $66.83 billion. Toyota Motor had a return on equity of 13.51% and a net margin of 8.89%. Analysts anticipate that Toyota Motor Corp will post 14.76 earnings per share for the current fiscal year.
Toyota Motor Profile
Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories. It operates through Automotive, Financial Services, and All Other segments. The company offers hybrid cars under the Prius, Alphard, Vellfire, Sienta, RX-HV, Auris, Prius PHV, C-HR, LC, Camry, JPN TAXI, Avalon, Corolla HB, Crown, and Century names; fuel cell vehicles under the MIRAI and SORA names; and conventional engine vehicles, including subcompact and compact cars under the Corolla, Yaris, Vitz, Aygo, Prius C, Aqua, Passo, Roomy, Tank, Etios, Vios, AGYA, Rush, and Yaris iA names.
Featured Story: Municipal Bonds
Want to see what other hedge funds are holding TM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Toyota Motor Corp (NYSE:TM).
Receive News & Ratings for Toyota Motor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toyota Motor and related companies with MarketBeat.com's FREE daily email newsletter.