Baird Financial Group Inc. Acquires 30,119 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Baird Financial Group Inc. lifted its stake in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 32.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 123,262 shares of the company's stock after purchasing an additional 30,119 shares during the quarter. Baird Financial Group Inc.'s holdings in Honda Motor were worth $3,519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Bank of America Corp DE increased its stake in shares of Honda Motor by 6.9% in the fourth quarter. Bank of America Corp DE now owns 1,255,537 shares of the company's stock worth $35,846,000 after acquiring an additional 81,548 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of Honda Motor by 160.9% in the fourth quarter. BNP Paribas Financial Markets now owns 6,549 shares of the company's stock worth $187,000 after acquiring an additional 4,039 shares during the last quarter. Westbourne Investments Inc. acquired a new position in shares of Honda Motor in the fourth quarter worth $420,000. Schonfeld Strategic Advisors LLC acquired a new position in Honda Motor during the fourth quarter worth $1,228,000. Finally, Lido Advisors LLC increased its position in Honda Motor by 2.1% during the fourth quarter. Lido Advisors LLC now owns 18,743 shares of the company's stock worth $535,000 after buying an additional 385 shares during the last quarter. 5.32% of the stock is currently owned by institutional investors and hedge funds.

Honda Motor Stock Performance

Shares of NYSE:HMC traded up $0.21 during midday trading on Friday, hitting $29.03. The company's stock had a trading volume of 211,272 shares, compared to its average volume of 1,070,901. The stock has a market capitalization of $45.30 billion, a price-to-earnings ratio of 6.75 and a beta of 0.55. The stock's 50 day simple moving average is $28.96 and its 200 day simple moving average is $28.07. Honda Motor Co., Ltd. has a fifty-two week low of $23.41 and a fifty-two week high of $34.05. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.10 and a current ratio of 1.38.

Honda Motor (NYSE:HMC - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.54). The business had revenue of $36.25 billion during the quarter, compared to analyst estimates of $5,371.99 billion. Honda Motor had a net margin of 4.76% and a return on equity of 7.81%. As a group, research analysts anticipate that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on HMC shares. StockNews.com downgraded shares of Honda Motor from a "buy" rating to a "hold" rating in a research report on Wednesday. Sanford C. Bernstein assumed coverage on shares of Honda Motor in a research report on Monday, April 14th. They set a "market perform" rating on the stock.

About Honda Motor

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.