Sony Group Co. (NYSE:SONY) Shares Bought by Todd Asset Management LLC

Todd Asset Management LLC lifted its position in shares of Sony Group Co. (NYSE:SONY) by 408.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 952,097 shares of the company’s stock after buying an additional 765,025 shares during the period. Todd Asset Management LLC’s holdings in Sony Group were worth $20,146,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp increased its stake in Sony Group by 293.4% during the fourth quarter. Bank of New York Mellon Corp now owns 805,812 shares of the company’s stock worth $17,051,000 after acquiring an additional 600,974 shares during the last quarter. Addison Advisors LLC grew its holdings in shares of Sony Group by 416.4% during the 4th quarter. Addison Advisors LLC now owns 13,281 shares of the company’s stock worth $281,000 after purchasing an additional 10,709 shares during the period. Skylands Capital LLC increased its position in shares of Sony Group by 60.8% during the 4th quarter. Skylands Capital LLC now owns 35,850 shares of the company’s stock worth $759,000 after purchasing an additional 13,550 shares during the last quarter. Rothschild Investment LLC raised its holdings in Sony Group by 337.4% in the 4th quarter. Rothschild Investment LLC now owns 6,509 shares of the company’s stock valued at $138,000 after buying an additional 5,021 shares during the period. Finally, Crestwood Advisors Group LLC acquired a new position in Sony Group in the fourth quarter valued at about $234,000. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Analyst Ratings Changes

SONY has been the topic of a number of research analyst reports. StockNews.com lowered Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Oppenheimer reiterated an “outperform” rating and issued a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Finally, Sanford C. Bernstein assumed coverage on shares of Sony Group in a research report on Thursday, January 16th. They set an “outperform” rating on the stock. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $28.00.

Sony Group Stock Up 0.1 %

Shares of NYSE:SONY opened at $24.82 on Tuesday. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $25.29. The firm’s 50 day moving average price is $21.81 and its 200 day moving average price is $16.19. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The stock has a market cap of $150.07 billion, a price-to-earnings ratio of 20.14, a price-to-earnings-growth ratio of 9.95 and a beta of 0.96.

Sony Group (NYSE:SONY) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.14. The business had revenue of $28.95 billion for the quarter, compared to analyst estimates of $24.32 billion. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. As a group, equities research analysts predict that Sony Group Co. will post 1.23 earnings per share for the current fiscal year.

About Sony Group

Sony Group Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets in Japan, the United States, Europe, China, the Asia-Pacific, and internationally. The company distributes software titles and add-on content through digital networks; network services related to game, video, and music content; and home gaming consoles, packaged and game software, and peripheral devices.