Global Retirement Partners LLC Increases Stake in Sony Group Co. (NYSE:SONY)

Global Retirement Partners LLC raised its stake in Sony Group Co. (NYSE:SONY) by 405.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,538 shares of the company’s stock after acquiring an additional 15,671 shares during the period. Global Retirement Partners LLC’s holdings in Sony Group were worth $413,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new position in shares of Sony Group during the 3rd quarter worth approximately $1,418,000. Wealth Enhancement Advisory Services LLC lifted its holdings in Sony Group by 68.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 19,214 shares of the company’s stock valued at $1,855,000 after acquiring an additional 7,781 shares during the period. Diversify Advisory Services LLC boosted its position in shares of Sony Group by 348.5% during the 3rd quarter. Diversify Advisory Services LLC now owns 19,214 shares of the company’s stock worth $1,855,000 after purchasing an additional 14,930 shares in the last quarter. Diversify Wealth Management LLC increased its holdings in shares of Sony Group by 511.4% in the 3rd quarter. Diversify Wealth Management LLC now owns 50,399 shares of the company’s stock valued at $4,867,000 after purchasing an additional 42,156 shares in the last quarter. Finally, US Bancorp DE lifted its stake in shares of Sony Group by 9.8% in the third quarter. US Bancorp DE now owns 127,457 shares of the company’s stock valued at $12,309,000 after purchasing an additional 11,375 shares during the period. 14.05% of the stock is owned by institutional investors and hedge funds.

Sony Group Stock Performance

Shares of SONY stock opened at $24.81 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. The company’s fifty day moving average price is $21.74 and its two-hundred day moving average price is $16.03. The firm has a market capitalization of $150.01 billion, a P/E ratio of 20.13, a P/E/G ratio of 9.95 and a beta of 0.96. Sony Group Co. has a 12 month low of $15.02 and a 12 month high of $25.29.

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SONY shares. StockNews.com cut shares of Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. Sanford C. Bernstein initiated coverage on shares of Sony Group in a research note on Thursday, January 16th. They set an “outperform” rating on the stock. Finally, Oppenheimer reissued an “outperform” rating and set a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a research note on Thursday. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Sony Group has an average rating of “Buy” and an average 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.