Tocqueville Asset Management L.P. Has $15.54 Million Stock Position in Sony Group Co. (NYSE:SONY)

Tocqueville Asset Management L.P. boosted its position in Sony Group Co. (NYSE:SONY - Free Report) by 380.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 734,367 shares of the company's stock after acquiring an additional 581,382 shares during the period. Tocqueville Asset Management L.P.'s holdings in Sony Group were worth $15,539,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SONY. Fisher Asset Management LLC lifted its stake in shares of Sony Group by 425.9% in the 4th quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company's stock valued at $961,089,000 after purchasing an additional 36,783,737 shares during the period. Mondrian Investment Partners LTD lifted its stake in Sony Group by 358.2% in the fourth quarter. Mondrian Investment Partners LTD now owns 10,138,119 shares of the company's stock valued at $223,039,000 after buying an additional 7,925,643 shares during the period. Natixis Advisors LLC boosted its holdings in Sony Group by 525.1% during the fourth quarter. Natixis Advisors LLC now owns 2,206,912 shares of the company's stock worth $46,698,000 after buying an additional 1,853,871 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Sony Group during the 4th quarter worth about $36,964,000. Finally, Cardinal Capital Management Inc. increased its stake in shares of Sony Group by 403.7% in the 4th quarter. Cardinal Capital Management Inc. now owns 1,606,160 shares of the company's stock valued at $33,986,000 after acquiring an additional 1,287,259 shares during the last quarter. 14.05% of the stock is currently owned by institutional investors and hedge funds.

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Sony Group Stock Up 1.5 %

NYSE SONY traded up $0.36 during trading hours on Friday, reaching $25.25. 24,504,959 shares of the company's stock were exchanged, compared to its average volume of 4,772,834. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. Sony Group Co. has a one year low of $15.02 and a one year high of $25.64. The company's 50-day moving average is $22.98 and its two-hundred day moving average is $18.60. The company has a market capitalization of $152.72 billion, a price-to-earnings ratio of 20.50, a price-to-earnings-growth ratio of 9.95 and a beta of 0.91.

Sony Group (NYSE:SONY - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) 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%. On average, analysts forecast that Sony Group Co. will post 1.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Sanford C. Bernstein started coverage on shares of Sony Group in a report on Thursday, January 16th. They set an "outperform" rating for the company. StockNews.com lowered shares of Sony Group from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price 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.