Virtu Financial LLC Invests $492,000 in Honda Motor Co., Ltd. (NYSE:HMC)

Key Points

• Virtu Financial LLC has acquired 18,140 shares of Honda Motor Co., Ltd., valued at approximately $492,000, marking a new investment in the auto manufacturer.
• Institutional investors have significantly boosted their holdings in Honda, with Northern Trust Corp raising its stake by 69.9% and other firms like LMR Partners LLP increasing their positions by over 2000%.
• Honda recently reported better-than-expected quarterly earnings, with an EPS of $0.97, surpassing analyst estimates by $0.46.

Virtu Financial LLC acquired a new position in shares of Honda Motor Co., Ltd. (NYSE:HMC - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 18,140 shares of the company's stock, valued at approximately $492,000.

Other large investors also recently modified their holdings of the company. Bessemer Group Inc. grew its position in shares of Honda Motor by 460.2% during the 1st quarter. Bessemer Group Inc. now owns 1,098 shares of the company's stock worth $30,000 after buying an additional 902 shares during the period. Rothschild Investment LLC grew its position in Honda Motor by 50.4% in the 1st quarter. Rothschild Investment LLC now owns 1,245 shares of the company's stock valued at $34,000 after purchasing an additional 417 shares during the period. Rossby Financial LCC acquired a new stake in Honda Motor in the 1st quarter valued at $56,000. Farther Finance Advisors LLC grew its position in Honda Motor by 50.7% in the 1st quarter. Farther Finance Advisors LLC now owns 2,815 shares of the company's stock valued at $75,000 after purchasing an additional 947 shares during the period. Finally, Hexagon Capital Partners LLC grew its position in Honda Motor by 17.7% in the 1st quarter. Hexagon Capital Partners LLC now owns 2,955 shares of the company's stock valued at $80,000 after purchasing an additional 444 shares during the period. Institutional investors and hedge funds own 5.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on HMC shares. Wall Street Zen raised shares of Honda Motor from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Dbs Bank downgraded shares of Honda Motor from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Finally, Macquarie lowered shares of Honda Motor from an "outperform" rating to a "neutral" rating in a research note on Wednesday, June 25th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has an average rating of "Hold".

Honda Motor Stock Up 0.4%

Shares of NYSE HMC traded up $0.14 during trading on Friday, hitting $33.39. The stock had a trading volume of 570,701 shares, compared to its average volume of 1,173,446. Honda Motor Co., Ltd. has a 12 month low of $23.41 and a 12 month high of $34.51. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.30 and a quick ratio of 1.01. The company has a market capitalization of $52.12 billion, a PE ratio of 11.55, a PEG ratio of 1.00 and a beta of 0.52. The firm has a fifty day moving average of $30.76 and a two-hundred day moving average of $29.47.

Honda Motor (NYSE:HMC - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.46. The firm had revenue of $36.22 billion during the quarter, compared to analyst estimates of $36.04 billion. Honda Motor had a net margin of 2.95% and a return on equity of 5.03%. As a group, equities research analysts forecast that Honda Motor Co., Ltd. will post 3.99 EPS for the current fiscal year.

Honda Motor Profile

Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power, and other products in Japan, North America, Europe, Asia, and internationally. It operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses.