Citigroup Inc. Buys 2,467 Shares of Toyota Motor Co. (NYSE:TM)

Citigroup Inc. lifted its stake in shares of Toyota Motor Co. (NYSE:TMGet Rating) by 8.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,307 shares of the company’s stock after purchasing an additional 2,467 shares during the period. Citigroup Inc.’s holdings in Toyota Motor were worth $5,643,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in TM. Byrne Asset Management LLC acquired a new stake in shares of Toyota Motor during the 4th quarter worth about $26,000. Exane Derivatives bought a new stake in shares of Toyota Motor during the 1st quarter worth about $38,000. Channing Global Advisors LLC bought a new stake in shares of Toyota Motor during the 4th quarter worth about $44,000. MCF Advisors LLC bought a new stake in shares of Toyota Motor during the 1st quarter worth about $47,000. Finally, Tcwp LLC bought a new stake in shares of Toyota Motor during the 1st quarter worth about $47,000. Institutional investors own 1.36% of the company’s stock.

Analyst Ratings Changes

TM has been the subject of several research analyst reports. JPMorgan Chase & Co. raised shares of Toyota Motor from a “neutral” rating to an “overweight” rating in a report on Tuesday, May 31st. Macquarie downgraded shares of Toyota Motor from an “outperform” rating to a “neutral” rating in a report on Friday, July 15th. UBS Group cut their price objective on shares of Toyota Motor from 2,500.00 to 2,300.00 in a report on Wednesday, July 13th. StockNews.com downgraded shares of Toyota Motor from a “buy” rating to a “hold” rating in a report on Friday, August 12th. Finally, Jefferies Financial Group boosted their price objective on shares of Toyota Motor from $177.49 to $179.41 and gave the company a “hold” rating in a report on Thursday, July 7th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,239.71.

Toyota Motor Stock Performance

NYSE TM opened at $143.34 on Thursday. The company has a quick ratio of 0.92, a current ratio of 1.10 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $200.39 billion, a P/E ratio of 8.63, a P/E/G ratio of 1.12 and a beta of 0.53. Toyota Motor Co. has a 12-month low of $140.96 and a 12-month high of $213.74. The firm has a 50-day moving average price of $155.88 and a two-hundred day moving average price of $163.98.

Toyota Motor Profile

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Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories. It operates in Automotive, Financial Services, and All Other segments. The company offers hybrid cars under the Prius name, fuel cell vehicles under the MIRAI name; and conventional engine vehicles, including subcompact and compact cars under the Corolla and Raize names.

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Institutional Ownership by Quarter for Toyota Motor (NYSE:TM)

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