Aristotle Capital Management LLC Has $1.04 Billion Stock Holdings in Sony Group Co. (NYSE:SONY)

by · The Cerbat Gem

Aristotle Capital Management LLC reduced its position in shares of Sony Group Co. (NYSE:SONY – Free Report) by 1.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,574,078 shares of the company’s stock after selling 227,886 shares during the quarter. Sony Group comprises about 2.1% of Aristotle Capital Management LLC’s portfolio, making the stock its 16th biggest position. Aristotle Capital Management LLC owned approximately 0.94% of Sony Group worth $1,042,130,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SONY. BlackRock Inc. boosted its holdings in Sony Group by 76.5% during the 1st quarter. BlackRock Inc. now owns 2,649,244 shares of the company’s stock worth $240,154,000 after acquiring an additional 1,148,165 shares during the last quarter. Bank of America Corp DE boosted its holdings in Sony Group by 27.2% during the first quarter. Bank of America Corp DE now owns 4,441,241 shares of the company’s stock worth $402,598,000 after purchasing an additional 949,271 shares during the last quarter. Sculptor Capital LP bought a new stake in Sony Group in the 1st quarter worth about $47,356,000. Fisher Asset Management LLC increased its stake in Sony Group by 5.6% in the 2nd quarter. Fisher Asset Management LLC now owns 5,595,382 shares of the company’s stock valued at $503,808,000 after buying an additional 295,054 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its position in shares of Sony Group by 21.5% during the 1st quarter. Clearbridge Investments LLC now owns 1,628,092 shares of the company’s stock worth $147,586,000 after buying an additional 287,640 shares in the last quarter. Institutional investors own 8.02% of the company’s stock.

Wall Street Analyst Weigh In

SONY has been the subject of a number of research analyst reports. Benchmark initiated coverage on Sony Group in a research report on Monday, October 16th. They set a “buy” rating for the company. StockNews.com initiated coverage on Sony Group in a research report on Thursday, October 5th. They set a “hold” rating for the company. Finally, TheStreet downgraded shares of Sony Group from a “b-” rating to a “c+” rating in a report on Wednesday, August 16th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.00.

Read Our Latest Analysis on Sony Group

Sony Group Stock Performance

NYSE:SONY traded up $2.83 during trading hours on Wednesday, reaching $89.23. The stock had a trading volume of 1,246,014 shares, compared to its average volume of 773,502. Sony Group Co. has a 12-month low of $74.81 and a 12-month high of $100.94. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.47 and a current ratio of 0.66. The stock has a 50 day simple moving average of $84.83 and a 200 day simple moving average of $88.30. The stock has a market cap of $110.13 billion, a P/E ratio of 17.11, a price-to-earnings-growth ratio of 3.70 and a beta of 0.98.

Sony Group (NYSE:SONY – Get Free Report) last issued its earnings results on Thursday, November 9th. The company reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.07). Sony Group had a return on equity of 12.35% and a net margin of 7.55%. The business had revenue of $18.87 billion for the quarter, compared to the consensus estimate of $19.93 billion. On average, research analysts forecast that Sony Group Co. will post 5.37 EPS for the current fiscal year.

Sony Group Company Profile

(Free Report)

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.

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