Keybank National Association OH Grows Stock Holdings in Toyota Motor Corporation $TM

Keybank National Association OH lifted its position in shares of Toyota Motor Corporation (NYSE:TM) by 182.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,327 shares of the company’s stock after purchasing an additional 7,323 shares during the period. Keybank National Association OH’s holdings in Toyota Motor were worth $2,334,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of TM. Morgan Stanley lifted its holdings in Toyota Motor by 13.0% in the 4th quarter. Morgan Stanley now owns 2,421,645 shares of the company’s stock worth $518,378,000 after buying an additional 279,110 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in Toyota Motor by 3,027.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 252,765 shares of the company’s stock worth $54,107,000 after acquiring an additional 244,684 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Toyota Motor by 204.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 257,269 shares of the company’s stock valued at $49,162,000 after acquiring an additional 172,829 shares in the last quarter. Orion Porfolio Solutions LLC increased its position in Toyota Motor by 717.3% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 145,990 shares of the company’s stock valued at $25,148,000 after purchasing an additional 128,128 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Toyota Motor by 116.3% in the 4th quarter. JPMorgan Chase & Co. now owns 231,614 shares of the company’s stock worth $49,580,000 after purchasing an additional 124,520 shares in the last quarter. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Toyota Motor Stock Performance

Shares of TM stock opened at $174.53 on Monday. The company has a quick ratio of 1.12, a current ratio of 1.27 and a debt-to-equity ratio of 0.62. The company has a 50 day moving average price of $182.06 and a 200-day moving average price of $207.97. Toyota Motor Corporation has a 52 week low of $166.10 and a 52 week high of $248.90. The firm has a market capitalization of $227.47 billion, a PE ratio of 8.91 and a beta of 0.58.

Toyota Motor (NYSE:TM) last issued its earnings results on Tuesday, March 31st. The company reported $3.80 earnings per share (EPS) for the quarter. Toyota Motor had a net margin of 7.59% and a return on equity of 9.74%. The company had revenue of $76.81 billion for the quarter. As a group, equities research analysts expect that Toyota Motor Corporation will post 20.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley began coverage on shares of Toyota Motor in a research note on Friday, May 1st. They set an “equal weight” rating on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Toyota Motor in a report on Monday, April 20th. Freedom Capital upgraded Toyota Motor from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. Zacks Research cut Toyota Motor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 12th. Finally, Erste Group Bank lowered Toyota Motor from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Toyota Motor has a consensus rating of “Moderate Buy” and a consensus target price of $290.00.

Toyota Motor Profile

Toyota Motor Corporation is a global automotive manufacturer headquartered in Toyota City, Aichi, Japan. Founded in 1937 by Kiichiro Toyoda as an offshoot of Toyoda Automatic Loom Works, the company builds and sells a broad range of vehicles and related products under the Toyota and Lexus brands. Toyota’s operations encompass vehicle design, manufacturing, parts supply, and distribution through a worldwide dealer network, as well as complementary businesses such as vehicle financing and mobility services.

The company’s product lineup includes passenger cars, SUVs, pickup trucks, light commercial vehicles and heavy-duty commercial vehicles, along with engines and vehicle components.