Callan Family Office LLC Purchases New Stake in Sony Group Co. (NYSE:SONY)

Callan Family Office LLC purchased a new stake in Sony Group Co. (NYSE:SONY) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 101,017 shares of the company’s stock, valued at approximately $2,138,000.

Several other institutional investors have also recently added to or reduced their stakes in SONY. Silicon Valley Capital Partners raised 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 worth $25,000 after purchasing an additional 927 shares during the period. General Partner Inc. raised 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 worth $26,000 after purchasing an additional 996 shares during the period. Newbridge Financial Services Group Inc. acquired a new stake in shares of Sony Group during the fourth quarter worth $26,000. Hilltop National Bank raised 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 worth $32,000 after purchasing an additional 1,174 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Sony Group by 400.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,505 shares of the company’s stock worth $32,000 after purchasing an additional 1,204 shares during the period. 14.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. StockNews.com cut shares of Sony Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Oppenheimer reaffirmed an “outperform” rating and issued a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Finally, Sanford C. Bernstein assumed coverage on shares of Sony Group in a report on Thursday, January 16th. They issued an “outperform” rating on the stock. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $28.00.

Sony Group Stock Performance

Shares of SONY opened at $24.13 on Friday. The firm has a 50-day moving average price of $22.39 and a 200 day moving average price of $17.19. The firm has a market capitalization of $145.90 billion, a PE ratio of 19.58, a P/E/G ratio of 9.95 and a beta of 0.91. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. Sony Group Co. has a 52-week low of $15.02 and a 52-week high of $25.64.

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, beating 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 company had revenue of $28.95 billion during the quarter, compared to analyst estimates of $24.32 billion. On average, sell-side analysts anticipate that Sony Group Co. will post 1.23 earnings per share for the current fiscal 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.