Certior Financial Group LLC Takes Position in Sony Group Co. (NYSE:SONY)

Certior Financial Group LLC purchased a new position in shares of Sony Group Co. (NYSE:SONY) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 14,456 shares of the company’s stock, valued at approximately $306,000.

A number of other institutional investors and hedge funds have also modified their holdings of SONY. Primecap Management Co. CA raised its position in shares of Sony Group by 379.5% during the 4th quarter. Primecap Management Co. CA now owns 101,995,855 shares of the company’s stock valued at $2,158,232,000 after acquiring an additional 80,724,932 shares during the last quarter. Fisher Asset Management LLC increased its holdings in Sony Group by 425.9% in the fourth 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 last quarter. 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. Envestnet Asset Management Inc. boosted its holdings in Sony Group by 401.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 7,141,717 shares of the company’s stock worth $151,119,000 after buying an additional 5,718,378 shares during the last quarter. Finally, Clearbridge Investments LLC grew its position in shares of Sony Group by 383.5% during the 4th quarter. Clearbridge Investments LLC now owns 5,929,924 shares of the company’s stock worth $125,477,000 after buying an additional 4,703,571 shares during the period. 14.05% of the stock is owned by institutional investors.

Sony Group Stock Performance

Shares of SONY opened at $21.81 on Monday. The firm has a market cap of $131.90 billion, a P/E ratio of 17.70, a PEG ratio of 9.95 and a beta of 0.94. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $25.78. 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 firm’s 50 day moving average price is $23.90 and its two-hundred day moving average price is $20.44.

Sony Group (NYSE:SONY) last released its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.14. The firm had revenue of $28.95 billion during the quarter, compared to analysts’ expectations of $24.32 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. On average, analysts forecast that Sony Group Co. will post 1.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SONY has been the topic of a number of analyst reports. The Goldman Sachs Group started coverage on shares of Sony Group in a research report on Tuesday, March 25th. They issued a “buy” rating on the stock. StockNews.com cut shares of Sony Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Oppenheimer reissued an “outperform” rating and issued a $33.00 price target (up previously from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Finally, Sanford C. Bernstein assumed coverage on Sony Group in a research note on Thursday, January 16th. They set an “outperform” rating on the stock. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Sony Group has a consensus rating of “Buy” and an average target price of $28.00.

About Sony Group

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.