Sony Group Co. (NYSE:SONY) Shares Purchased by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. grew its stake in shares of Sony Group Co. (NYSE:SONY) by 399.9% in the 4th quarter, Holdings Channel reports. The firm owned 43,231 shares of the company’s stock after acquiring an additional 34,583 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Sony Group were worth $915,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in SONY. Silicon Valley Capital Partners grew its holdings in shares of Sony Group by 401.3% during the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock valued at $25,000 after purchasing an additional 927 shares during the last quarter. General Partner Inc. grew its holdings in shares of Sony Group by 400.0% during the fourth quarter. General Partner Inc. now owns 1,245 shares of the company’s stock valued at $26,000 after purchasing an additional 996 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new position in shares of Sony Group during the fourth quarter valued at approximately $26,000. Fairscale Capital LLC grew its holdings in shares of Sony Group by 400.0% during the fourth quarter. Fairscale Capital LLC now owns 1,240 shares of the company’s stock valued at $26,000 after purchasing an additional 992 shares during the last quarter. Finally, Hilltop National Bank grew its holdings in shares of Sony Group by 346.3% during the fourth quarter. Hilltop National Bank now owns 1,513 shares of the company’s stock valued at $32,000 after purchasing an additional 1,174 shares during the last quarter. 14.05% of the stock is owned by institutional investors.

Sony Group Stock Performance

Shares of SONY stock opened at $23.65 on Thursday. Sony Group Co. has a 12-month low of $15.02 and a 12-month high of $25.64. The firm has a market capitalization of $143.00 billion, a price-to-earnings ratio of 19.19, a price-to-earnings-growth ratio of 9.95 and a beta of 0.91. The business has a 50 day simple moving average of $22.56 and a 200 day simple moving average of $17.84. 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 (NYSE:SONY) last issued its quarterly earnings data 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 business had revenue of $28.95 billion during the quarter, compared to analyst estimates of $24.32 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. On average, equities research analysts anticipate that Sony Group Co. will post 1.23 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. StockNews.com lowered Sony Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Oppenheimer reissued 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. Finally, Sanford C. Bernstein assumed coverage on Sony Group in a report on Thursday, January 16th. They issued an “outperform” rating for the company. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $28.00.

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.