20,218 Toyota Motor Corporation $TM Shares Acquired by Quadrant Capital Group LLC

Key Points

• Quadrant Capital Group increased its Toyota Motor stake by 87.6% in the third quarter, purchasing 20,218 additional shares and bringing its holdings to 43,292 shares valued at approximately $8.17 million.
• Toyota’s institutional ownership remains limited at 1.48%, while President Kenta Kon purchased 85,000 shares worth about $1.56 million, more than doubling his position.
• Analyst sentiment is generally positive: Toyota has an average “Buy” rating and a $290 price target, compared with shares opening at $196.83.

Quadrant Capital Group LLC raised its position in shares of Toyota Motor Corporation (NYSE:TM - Free Report) by 87.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,292 shares of the company's stock after purchasing an additional 20,218 shares during the quarter. Quadrant Capital Group LLC's holdings in Toyota Motor were worth $8,170,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Calamos Wealth Management LLC bought a new stake in Toyota Motor during the 1st quarter valued at approximately $4,279,000. Advisors Preferred LLC lifted its holdings in Toyota Motor by 660.7% in the 1st quarter. Advisors Preferred LLC now owns 7,432 shares of the company's stock worth $1,532,000 after purchasing an additional 6,455 shares in the last quarter. Calamos Advisors LLC bought a new position in Toyota Motor in the 1st quarter worth approximately $4,279,000. Royal Bank of Canada boosted its stake in Toyota Motor by 19.0% in the 1st quarter. Royal Bank of Canada now owns 237,220 shares of the company's stock worth $48,888,000 after purchasing an additional 37,893 shares during the period. Finally, Sei Investments Co. boosted its stake in Toyota Motor by 17.1% in the 1st quarter. Sei Investments Co. now owns 47,995 shares of the company's stock worth $9,891,000 after purchasing an additional 6,997 shares during the period. 1.48% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, President Kenta Kon bought 85,000 shares of Toyota Motor stock in a transaction dated Wednesday, August 5th. The shares were purchased at an average cost of $18.41 per share, with a total value of $1,564,850.00. Following the completion of the acquisition, the president owned 148,100 shares of the company's stock, valued at $2,726,521. This trade represents a 134.71% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Analyst Upgrades and Downgrades

TM has been the subject of a number of research analyst reports. Zacks Research raised shares of Toyota Motor from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 4th. Weiss Ratings upgraded shares of Toyota Motor from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, October 8th. Finally, Erste Group Bank raised shares of Toyota Motor from a "hold" rating to a "strong-buy" rating in a report on Friday, September 18th. Three research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $290.00.

Toyota Motor Stock Up 1.4%

Shares of TM stock opened at $196.83 on Wednesday. The stock has a market cap of $256.54 billion, a P/E ratio of 8.68, a PEG ratio of 1.28 and a beta of 0.61. Toyota Motor Corporation has a 52 week low of $166.10 and a 52 week high of $248.90. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 0.68. The company's fifty day simple moving average is $191.20 and its two-hundred day simple moving average is $188.27.

Toyota Motor (NYSE:TM - Get Free Report) last released its quarterly earnings data on Tuesday, June 30th. The company reported $7.42 EPS for the quarter. The business had revenue of $83.16 billion during the quarter. Toyota Motor had a net margin of 8.61% and a return on equity of 11.21%. Analysts predict that Toyota Motor Corporation will post 20.30 EPS for the current fiscal year.

Toyota Motor Company Profile

Toyota Motor Corporation is a Japanese automaker headquartered in Toyota City, Aichi Prefecture. Founded in 1937, the company develops, manufactures and sells passenger vehicles, commercial vehicles and related mobility products under the Toyota and Lexus brands. It also produces vehicles through the Hino and Daihatsu businesses.

Toyota's product portfolio includes cars, trucks, sport utility vehicles, minivans and buses, along with hybrid-electric, battery-electric and hydrogen fuel-cell vehicles.

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