Tocqueville Asset Management L.P. Buys 581,382 Shares of Sony Group Co. (NYSE:SONY)

Tocqueville Asset Management L.P. grew its position in shares of Sony Group Co. (NYSE:SONY) by 380.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 734,367 shares of the company’s stock after buying an additional 581,382 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in Sony Group were worth $15,539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of SONY. Y.D. More Investments Ltd lifted its holdings in Sony Group by 400.0% in the fourth quarter. Y.D. More Investments Ltd now owns 36,065 shares of the company’s stock valued at $763,000 after acquiring an additional 28,852 shares during the period. Bfsg LLC purchased a new stake in shares of Sony Group during the 4th quarter valued at about $6,125,000. Fifth Third Bancorp lifted its stake in shares of Sony Group by 311.3% in the 4th quarter. Fifth Third Bancorp now owns 157,702 shares of the company’s stock worth $3,337,000 after purchasing an additional 119,362 shares during the period. West Family Investments Inc. boosted its holdings in shares of Sony Group by 392.9% in the fourth quarter. West Family Investments Inc. now owns 26,725 shares of the company’s stock worth $566,000 after buying an additional 21,303 shares during the last quarter. Finally, Mitchell & Pahl Private Wealth LLC grew its position in Sony Group by 430.0% during the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 40,336 shares of the company’s stock valued at $854,000 after buying an additional 32,725 shares during the period. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Sony Group Stock Performance

SONY opened at $24.54 on Tuesday. The company has a 50 day simple moving average of $22.74 and a two-hundred day simple moving average of $18.36. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. The firm has a market cap of $148.38 billion, a P/E ratio of 19.91, a PEG ratio of 9.95 and a beta of 0.91. Sony Group Co. has a 1-year low of $15.02 and a 1-year high of $25.64.

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 company had revenue of $28.95 billion during the quarter, compared to the consensus estimate of $24.32 billion. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. Equities analysts forecast that Sony Group Co. will post 1.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

SONY has been the topic of several recent research reports. StockNews.com downgraded shares of Sony Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Sanford C. Bernstein started coverage on Sony Group in a report on Thursday, January 16th. They issued an “outperform” rating on the stock. Finally, Oppenheimer reissued an “outperform” rating and set a $33.00 price target (up previously from $25.00) on shares of Sony Group in a report on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $28.00.

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.