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

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

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

Analyst Upgrades and Downgrades

Several research firms have commented on SONY. 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. Sanford C. Bernstein started coverage on shares of Sony Group in a research report on Thursday, January 16th. They set an “outperform” rating on the stock. Finally, StockNews.com lowered Sony Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Sony Group has an average rating of “Buy” and a consensus price target of $28.00.

Sony Group Stock Up 1.8 %

NYSE SONY opened at $24.54 on Tuesday. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $25.64. The firm has a market capitalization of $148.38 billion, a price-to-earnings ratio of 19.91, a PEG ratio of 9.95 and a beta of 0.91. The company has a fifty day moving average of $22.74 and a two-hundred day moving average of $18.36.

Sony Group (NYSE:SONY) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.14. The firm had revenue of $28.95 billion during the quarter, compared to analysts’ expectations of $24.32 billion. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. On average, analysts predict that Sony Group Co. will post 1.23 earnings per share for the current year.

Sony Group Company 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.