Sony Group Co. (NYSE:SONY) Position Increased by Aristotle Capital Management LLC

Aristotle Capital Management LLC increased its stake in shares of Sony Group Co. (NYSE:SONY) by 393.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 52,771,882 shares of the company’s stock after acquiring an additional 42,083,842 shares during the period. Sony Group makes up about 2.2% of Aristotle Capital Management LLC’s holdings, making the stock its 13th largest holding. Aristotle Capital Management LLC’s holdings in Sony Group were worth $1,116,653,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV grew its holdings in Sony Group by 15.7% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 242,987 shares of the company’s stock worth $5,142,000 after buying an additional 33,044 shares in the last quarter. Itau Unibanco Holding S.A. raised its stake in shares of Sony Group by 400.0% during the fourth quarter. Itau Unibanco Holding S.A. now owns 27,080 shares of the company’s stock valued at $574,000 after purchasing an additional 21,664 shares in the last quarter. Keel Point LLC lifted its holdings in Sony Group by 404.7% in the fourth quarter. Keel Point LLC now owns 28,175 shares of the company’s stock worth $596,000 after purchasing an additional 22,592 shares during the period. Rehmann Capital Advisory Group grew its position in Sony Group by 449.5% in the 4th quarter. Rehmann Capital Advisory Group now owns 12,314 shares of the company’s stock valued at $261,000 after buying an additional 10,073 shares in the last quarter. Finally, Lido Advisors LLC lifted its stake in shares of Sony Group by 400.7% in the 4th quarter. Lido Advisors LLC now owns 25,428 shares of the company’s stock worth $538,000 after acquiring an additional 20,350 shares during the period. 14.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. StockNews.com lowered Sony Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Oppenheimer restated 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. Wolfe Research reaffirmed a “peer perform” rating on shares of Sony Group in a research note on Monday, April 7th. The Goldman Sachs Group started coverage on shares of Sony Group in a research note on Tuesday, March 25th. They set a “buy” rating for the company. Finally, Sanford C. Bernstein initiated coverage on shares of Sony Group in a research report on Thursday, January 16th. They issued an “outperform” rating on the stock. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $28.00.

Sony Group Stock Performance

Shares of SONY opened at $25.31 on Friday. The company has a 50-day moving average of $24.21 and a two-hundred day moving average of $21.88. The stock has a market cap of $153.07 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 9.95 and a beta of 0.94. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. Sony Group Co. has a one year low of $15.02 and a one year high of $26.08.

Sony Group (NYSE:SONY) last posted its quarterly earnings data 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. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. The firm had revenue of $28.95 billion for the quarter, compared to analysts’ expectations of $24.32 billion. On average, equities research analysts expect 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.