Russell Investments Group Ltd. Acquires 27,713 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Russell Investments Group Ltd. grew its stake in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 216.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 40,504 shares of the company’s stock after acquiring an additional 27,713 shares during the period. Russell Investments Group Ltd.’s holdings in Honda Motor were worth $1,156,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of HMC. Arrowstreet Capital Limited Partnership bought a new stake in Honda Motor during the 4th quarter valued at $23,272,000. Raymond James Financial Inc. purchased a new stake in shares of Honda Motor in the fourth quarter worth about $11,909,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in Honda Motor by 153.8% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 668,092 shares of the company’s stock valued at $19,074,000 after acquiring an additional 404,883 shares in the last quarter. Gilman Hill Asset Management LLC bought a new stake in Honda Motor during the 4th quarter worth approximately $4,772,000. Finally, OLD Mission Capital LLC purchased a new position in shares of Honda Motor during the 4th quarter valued at $3,964,000. Hedge funds and other institutional investors own 5.32% of the company’s stock.

Wall Street Analyst Weigh In

HMC has been the subject of a number of research analyst reports. StockNews.com upgraded Honda Motor from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Sanford C. Bernstein began coverage on shares of Honda Motor in a report on Monday, April 14th. They issued a “market perform” rating on the stock.

Honda Motor Trading Up 2.2 %

Shares of HMC opened at $29.09 on Monday. Honda Motor Co., Ltd. has a fifty-two week low of $23.41 and a fifty-two week high of $34.99. The firm has a market cap of $45.40 billion, a price-to-earnings ratio of 6.76 and a beta of 0.57. The firm has a 50 day moving average price of $28.11 and a 200-day moving average price of $28.16. 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) last announced its quarterly earnings data on Thursday, February 13th. The company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.37. The firm had revenue of $36.31 billion for the quarter, compared to analysts’ expectations of $35.31 billion. Honda Motor had a return on equity of 7.81% and a net margin of 4.76%. As a group, equities research analysts forecast that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current year.

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.