Todd Asset Management LLC Has $20.35 Million Stock Position in Sony Group Co. (NYSE:SONY)

Todd Asset Management LLC lowered its stake in shares of Sony Group Co. (NYSE:SONY) by 1.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 214,953 shares of the company’s stock after selling 4,079 shares during the period. Todd Asset Management LLC’s holdings in Sony Group were worth $20,354,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of SONY. CVA Family Office LLC bought a new stake in shares of Sony Group during the fourth quarter worth $27,000. Fortitude Family Office LLC acquired a new stake in Sony Group in the 4th quarter valued at about $31,000. Pinnacle Bancorp Inc. bought a new position in shares of Sony Group in the fourth quarter worth about $39,000. NBC Securities Inc. bought a new position in shares of Sony Group in the third quarter worth about $51,000. Finally, VisionPoint Advisory Group LLC acquired a new position in shares of Sony Group during the third quarter worth approximately $73,000. Institutional investors own 14.05% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. TheStreet upgraded shares of Sony Group from a “c+” rating to a “b-” rating in a research report on Thursday, January 11th. Oppenheimer reaffirmed an “outperform” rating and set a $108.00 price target on shares of Sony Group in a research note on Monday, February 26th. Macquarie cut Sony Group from an “outperform” rating to a “neutral” rating in a report on Thursday, February 15th. Finally, StockNews.com downgraded shares of Sony Group from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $108.00.

Sony Group Trading Up 0.5 %

Shares of Sony Group stock traded up $0.46 during trading on Friday, hitting $84.54. 631,246 shares of the company were exchanged, compared to its average volume of 581,424. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.69 and a quick ratio of 0.54. The firm has a market capitalization of $104.34 billion, a P/E ratio of 16.32 and a beta of 0.95. The firm’s fifty day moving average price is $85.24 and its 200 day moving average price is $88.78. Sony Group Co. has a 1-year low of $79.62 and a 1-year high of $100.94.

Sony Group (NYSE:SONY) last announced its quarterly earnings results on Wednesday, February 14th. The company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.32. Sony Group had a net margin of 7.62% and a return on equity of 12.43%. The company had revenue of $25.38 billion for the quarter, compared to analysts’ expectations of $24.31 billion. As a group, sell-side analysts expect that Sony Group Co. will post 5.22 earnings per share for the current fiscal 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.