Hilltop Holdings Inc. Purchases Shares of 6,996 Honda Motor Co Ltd (HMC)

Hilltop Holdings Inc. purchased a new stake in Honda Motor Co Ltd (NYSE:HMC) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 6,996 shares of the company’s stock, valued at approximately $210,000.

Several other institutional investors have also made changes to their positions in the company. Advisors Asset Management Inc. lifted its stake in Honda Motor by 3,658.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,127,068 shares of the company’s stock worth $1,067,000 after acquiring an additional 1,097,080 shares in the last quarter. American Century Companies Inc. lifted its stake in Honda Motor by 8.8% during the 3rd quarter. American Century Companies Inc. now owns 5,192,448 shares of the company’s stock worth $156,189,000 after acquiring an additional 421,005 shares in the last quarter. Federated Investors Inc. PA lifted its stake in Honda Motor by 249,459.5% during the 2nd quarter. Federated Investors Inc. PA now owns 301,967 shares of the company’s stock worth $8,839,000 after acquiring an additional 301,846 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Honda Motor by 26.8% during the 2nd quarter. Renaissance Technologies LLC now owns 1,285,036 shares of the company’s stock worth $37,613,000 after acquiring an additional 271,936 shares in the last quarter. Finally, Aperio Group LLC lifted its stake in Honda Motor by 16.2% during the 3rd quarter. Aperio Group LLC now owns 1,662,045 shares of the company’s stock worth $49,994,000 after acquiring an additional 231,580 shares in the last quarter. 2.11% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE HMC opened at $26.91 on Friday. The company has a current ratio of 1.22, a quick ratio of 0.94 and a debt-to-equity ratio of 0.48. Honda Motor Co Ltd has a 1-year low of $26.04 and a 1-year high of $37.29. The stock has a market cap of $48.75 billion, a price-to-earnings ratio of 7.43, a P/E/G ratio of 2.50 and a beta of 0.95.

Honda Motor (NYSE:HMC) last issued its quarterly earnings results on Tuesday, October 30th. The company reported $1.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.28. Honda Motor had a return on equity of 9.17% and a net margin of 7.29%. The company had revenue of $34.46 billion for the quarter, compared to the consensus estimate of $34.59 billion. On average, research analysts expect that Honda Motor Co Ltd will post 3.72 earnings per share for the current fiscal year.

HMC has been the topic of several research reports. Zacks Investment Research raised Honda Motor from a “hold” rating to a “strong-buy” rating and set a $33.00 target price on the stock in a research note on Wednesday, October 10th. ValuEngine lowered Honda Motor from a “sell” rating to a “strong sell” rating in a research note on Friday, November 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $36.50.

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About Honda Motor

Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power products, and other products worldwide. The company operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses. The Motorcycle Business segment produces sports models, including trial and moto-cross racing vehicles; business and commuter models; all-terrain vehicles; and side-by-side models.

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Institutional Ownership by Quarter for Honda Motor (NYSE:HMC)

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