Todd Asset Management LLC Boosts Holdings in Sony Group Co. (NYSE:SONY)

Todd Asset Management LLC boosted its stake in Sony Group Co. (NYSE:SONY) by 408.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 952,097 shares of the company’s stock after acquiring 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 SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Cardinal Capital Management Inc. raised its holdings in shares of Sony Group by 403.7% in the fourth quarter. Cardinal Capital Management Inc. now owns 1,606,160 shares of the company’s stock valued at $33,986,000 after buying an additional 1,287,259 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Sony Group by 12.7% in the 3rd quarter. Fisher Asset Management LLC now owns 8,636,355 shares of the company’s stock valued at $834,013,000 after buying an additional 972,075 shares during the period. Cambiar Investors LLC raised its position in Sony Group by 548.9% in the fourth quarter. Cambiar Investors LLC now owns 1,059,241 shares of the company’s stock worth $22,414,000 after acquiring an additional 896,013 shares in the last quarter. XY Capital Ltd lifted its holdings in Sony Group by 1,850.5% in the fourth quarter. XY Capital Ltd now owns 920,534 shares of the company’s stock valued at $19,478,000 after acquiring an additional 873,339 shares during the period. Finally, Pictet North America Advisors SA lifted its stake in shares of Sony Group by 333.4% in the fourth quarter. Pictet North America Advisors SA now owns 1,057,404 shares of the company’s stock valued at $22,375,000 after purchasing an additional 813,429 shares during the period. 14.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Sanford C. Bernstein started coverage on Sony Group in a research note on Thursday, January 16th. They issued an “outperform” rating for the company. Oppenheimer reiterated an “outperform” rating and set a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. Finally, StockNews.com lowered shares of Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $28.00.

Sony Group Stock Performance

Shares of SONY stock opened at $24.82 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. The firm has a market capitalization 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 Co. has a one year low of $15.02 and a one year high of $25.29. The company has a 50 day moving average price of $21.81 and a 200 day moving average price of $16.19.

Sony Group (NYSE:SONY) last issued its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 14.10% and a net margin of 8.21%. Sell-side analysts anticipate that Sony Group Co. will post 1.23 EPS for the current year.

Sony Group Profile

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.