Johnson Investment Counsel Inc. Boosts Stake in Sony Group Co. (NYSE:SONY)

Johnson Investment Counsel Inc. raised its position in shares of Sony Group Co. (NYSE:SONY) by 399.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,231 shares of the company’s stock after acquiring an additional 34,583 shares during the period. Johnson Investment Counsel Inc.’s holdings in Sony Group were worth $915,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SONY. Silicon Valley Capital Partners boosted its position in shares of Sony Group by 401.3% in the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock worth $25,000 after buying an additional 927 shares during the period. Newbridge Financial Services Group Inc. purchased a new stake in shares of Sony Group in the fourth quarter worth about $26,000. Fairscale Capital LLC boosted its position in shares of Sony Group by 400.0% in the fourth quarter. Fairscale Capital LLC now owns 1,240 shares of the company’s stock worth $26,000 after buying an additional 992 shares during the period. General Partner Inc. boosted its position in shares of Sony Group by 400.0% in the fourth quarter. General Partner Inc. now owns 1,245 shares of the company’s stock worth $26,000 after buying an additional 996 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its position in shares of Sony Group by 106.2% in the third quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company’s stock worth $134,000 after buying an additional 716 shares during the period. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Analysts Set New Price Targets

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

Sony Group Trading Up 3.0 %

NYSE:SONY opened at $23.65 on Thursday. The business’s 50-day simple moving average is $22.56 and its 200 day simple moving average is $17.84. Sony Group Co. has a one year low of $15.02 and a one year high of $25.64. The stock has a market cap 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 company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66.

Sony Group (NYSE:SONY) last announced its quarterly earnings data 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. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. The firm had revenue of $28.95 billion for the quarter, compared to analysts’ expectations of $24.32 billion. As a group, sell-side analysts predict that Sony Group Co. will post 1.23 earnings per share for the current fiscal year.

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.