Sony Group Co. (NYSE:SONY) Shares Acquired by Financial Counselors Inc.

Financial Counselors Inc. increased its holdings in shares of Sony Group Co. (NYSE:SONY) by 413.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,782 shares of the company’s stock after acquiring an additional 8,683 shares during the period. Financial Counselors Inc.’s holdings in Sony Group were worth $228,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Primecap Management Co. CA grew its holdings in Sony Group by 379.5% in the fourth quarter. Primecap Management Co. CA now owns 101,995,855 shares of the company’s stock valued at $2,158,232,000 after purchasing an additional 80,724,932 shares during the period. Fisher Asset Management LLC increased its holdings in Sony Group by 425.9% in the 4th quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company’s stock worth $961,089,000 after acquiring an additional 36,783,737 shares in the last quarter. Mondrian Investment Partners LTD lifted its holdings in Sony Group by 358.2% during the fourth quarter. Mondrian Investment Partners LTD now owns 10,138,119 shares of the company’s stock valued at $223,039,000 after purchasing an additional 7,925,643 shares in the last quarter. Sei Investments Co. grew its position in shares of Sony Group by 362.7% in the fourth quarter. Sei Investments Co. now owns 3,245,587 shares of the company’s stock valued at $68,677,000 after purchasing an additional 2,544,193 shares during the period. Finally, Thrivent Financial for Lutherans increased its stake in shares of Sony Group by 384.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 3,090,160 shares of the company’s stock worth $65,323,000 after purchasing an additional 2,452,504 shares in the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on SONY shares. Oppenheimer reiterated an “outperform” rating and issued a $33.00 price objective (up from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Sanford C. Bernstein began coverage on Sony Group in a research report on Thursday, January 16th. They set an “outperform” rating for the company. StockNews.com lowered Sony Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, The Goldman Sachs Group initiated coverage on shares of Sony Group in a report on Tuesday, March 25th. They set a “buy” rating for the company. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $28.00.

Sony Group Stock Performance

Shares of Sony Group stock opened at $25.11 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. The business’s 50 day moving average price is $23.58 and its 200 day moving average price is $19.61. The company has a market cap of $151.83 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 9.95 and a beta of 0.91. Sony Group Co. has a one year low of $15.02 and a one year high of $25.78.

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

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.