NorthRock Partners LLC Invests $272,000 in Sony Group Co. (NYSE:SONY)

NorthRock Partners LLC purchased a new position in shares of Sony Group Co. (NYSE:SONY) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 12,861 shares of the company’s stock, valued at approximately $272,000.

Other institutional investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Sony Group by 155.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,268 shares of the company’s stock valued at $48,000 after buying an additional 1,380 shares during the period. Lazard Asset Management LLC raised its holdings in Sony Group by 407.6% in the 4th quarter. Lazard Asset Management LLC now owns 604,314 shares of the company’s stock valued at $12,787,000 after buying an additional 485,260 shares during the period. LMR Partners LLP purchased a new stake in Sony Group in the 4th quarter valued at about $44,854,000. London Co. of Virginia raised its holdings in Sony Group by 400.0% in the 4th quarter. London Co. of Virginia now owns 22,000 shares of the company’s stock valued at $466,000 after buying an additional 17,600 shares during the period. Finally, Laird Norton Wetherby Wealth Management LLC grew its position in Sony Group by 388.7% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 214,120 shares of the company’s stock valued at $4,531,000 after acquiring an additional 170,310 shares in the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SONY. Oppenheimer reaffirmed an “outperform” rating and issued a $33.00 target price (up from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. Wolfe Research reaffirmed a “peer perform” rating on shares of Sony Group in a research report on Monday, April 7th. The Goldman Sachs Group assumed coverage on Sony Group in a research report on Tuesday, March 25th. They set a “buy” rating for the company. Finally, StockNews.com upgraded Sony Group from a “hold” rating to a “buy” rating in a research note on Wednesday. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Sony Group presently has a consensus rating of “Buy” and an average price target of $28.00.

Sony Group Price Performance

Shares of NYSE SONY opened at $24.67 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. Sony Group Co. has a twelve month low of $15.67 and a twelve month high of $26.08. The stock has a 50 day moving average of $24.32 and a two-hundred day moving average of $22.38. The stock has a market cap of $149.18 billion, a P/E ratio of 20.02, a P/E/G ratio of 9.95 and a beta of 0.97.

Sony Group (NYSE:SONY) last issued its quarterly earnings data on Tuesday, May 13th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.09. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. The company had revenue of $17.25 billion during the quarter, compared to analysts’ expectations of $2,995.71 billion. On average, research analysts forecast that Sony Group Co. will post 1.23 earnings per share for the current year.

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.