Tocqueville Asset Management L.P. grew its stake in shares of Toyota Motor Corp (NYSE:TM) by 9.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,000 shares of the company’s stock after buying an additional 989 shares during the period. Tocqueville Asset Management L.P.’s holdings in Toyota Motor were worth $1,399,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the business. Patten Group Inc. boosted its holdings in Toyota Motor by 3,974.2% in the third quarter. Patten Group Inc. now owns 38,094 shares of the company’s stock valued at $108,000 after acquiring an additional 37,159 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new position in Toyota Motor in the third quarter valued at $110,000. FNY Managed Accounts LLC acquired a new position in Toyota Motor in the third quarter valued at $112,000. Calton & Associates Inc. acquired a new position in Toyota Motor in the fourth quarter valued at $125,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in Toyota Motor by 36.6% in the second quarter. The Manufacturers Life Insurance Company now owns 1,415 shares of the company’s stock valued at $148,000 after acquiring an additional 379 shares during the last quarter. 0.75% of the stock is owned by institutional investors.
A number of research analysts recently weighed in on the company. Zacks Investment Research cut Toyota Motor from a “buy” rating to a “hold” rating in a report on Saturday, January 20th. Macquarie upgraded Toyota Motor from a “neutral” rating to an “outperform” rating in a report on Tuesday, February 6th. ValuEngine upgraded Toyota Motor from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 7th. Finally, Bank of America upgraded Toyota Motor from an “underperform” rating to a “neutral” rating in a report on Thursday, March 1st. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Toyota Motor currently has an average rating of “Hold” and a consensus price target of $125.74.
ILLEGAL ACTIVITY WARNING: This news story was published by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another domain, it was stolen and reposted in violation of United States & international trademark and copyright law. The original version of this news story can be viewed at https://www.americanbankingnews.com/2018/03/12/toyota-motor-corp-tm-shares-bought-by-tocqueville-asset-management-l-p.html.
Toyota Motor Company Profile
Toyota Motor Corporation (Toyota) conducts business in the automotive industry. The Company also conducts business in finance and other industries. The Company’s segments include Automotive, Financial Services and All Other. Toyota sells its vehicles in approximately 190 countries and regions. Toyota’s markets for its automobiles are Japan, North America, Europe and Asia.
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.