Raymond James Financial Inc. Invests $26.20 Million in Toyota Motor Co. (NYSE:TM)

Raymond James Financial Inc. acquired a new position in shares of Toyota Motor Co. (NYSE:TM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 134,646 shares of the company’s stock, valued at approximately $26,203,000.

A number of other institutional investors also recently made changes to their positions in TM. Abel Hall LLC boosted its stake in shares of Toyota Motor by 5.6% in the third quarter. Abel Hall LLC now owns 1,274 shares of the company’s stock valued at $227,000 after buying an additional 67 shares during the period. Avior Wealth Management LLC boosted its stake in shares of Toyota Motor by 4.2% in the fourth quarter. Avior Wealth Management LLC now owns 1,662 shares of the company’s stock valued at $324,000 after buying an additional 67 shares during the period. Commerce Bank boosted its stake in shares of Toyota Motor by 2.3% in the third quarter. Commerce Bank now owns 3,214 shares of the company’s stock valued at $574,000 after buying an additional 73 shares during the period. Prime Capital Investment Advisors LLC boosted its stake in shares of Toyota Motor by 3.3% in the third quarter. Prime Capital Investment Advisors LLC now owns 2,462 shares of the company’s stock valued at $440,000 after buying an additional 78 shares during the period. Finally, Bleakley Financial Group LLC boosted its stake in shares of Toyota Motor by 3.3% in the fourth quarter. Bleakley Financial Group LLC now owns 2,441 shares of the company’s stock valued at $475,000 after buying an additional 79 shares during the period. Institutional investors own 1.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TM. Macquarie upgraded Toyota Motor from a “neutral” rating to an “outperform” rating in a research note on Tuesday, February 4th. StockNews.com upgraded Toyota Motor from a “sell” rating to a “hold” rating in a research note on Tuesday, January 7th. Finally, CLSA cut Toyota Motor from an “outperform” rating to a “hold” rating in a research note on Wednesday, February 5th.

Toyota Motor Stock Up 2.0 %

Shares of NYSE:TM opened at $186.72 on Friday. The company has a fifty day moving average of $185.34 and a 200-day moving average of $180.60. The company has a market capitalization of $251.58 billion, a PE ratio of 7.71, a price-to-earnings-growth ratio of 0.35 and a beta of 0.63. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.06 and a current ratio of 1.21. Toyota Motor Co. has a 52-week low of $159.04 and a 52-week high of $255.23.

Toyota Motor (NYSE:TM) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $9.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.36 by $5.62. Toyota Motor had a net margin of 10.86% and a return on equity of 14.00%. On average, equities analysts predict that Toyota Motor Co. will post 19.76 EPS for the current fiscal year.

Toyota Motor Profile

Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories in Japan, North America, Europe, Asia, Central and South America, Oceania, Africa, and the Middle East. It operates in Automotive, Financial Services, and All Other segments.