Marcum Wealth LLC Takes $253,000 Position in Sony Group Co. (NYSE:SONY)

Marcum Wealth LLC acquired a new stake in Sony Group Co. (NYSE:SONY) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,961 shares of the company’s stock, valued at approximately $253,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Pictet North America Advisors SA raised its holdings in shares of Sony Group by 19.4% during the 3rd quarter. Pictet North America Advisors SA now owns 243,975 shares of the company’s stock valued at $23,561,000 after buying an additional 39,688 shares during the period. Crossmark Global Holdings Inc. boosted its holdings in Sony Group by 39.2% in the third quarter. Crossmark Global Holdings Inc. now owns 103,473 shares of the company’s stock valued at $9,993,000 after purchasing an additional 29,165 shares during the last quarter. Diversify Wealth Management LLC grew its stake in Sony Group by 511.4% during 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. Confluence Investment Management LLC increased its holdings in Sony Group by 401.5% during the 4th quarter. Confluence Investment Management LLC now owns 43,135 shares of the company’s stock worth $913,000 after purchasing an additional 34,533 shares during the last quarter. Finally, Creative Planning raised its position in shares of Sony Group by 2.7% in the 2nd quarter. Creative Planning now owns 284,636 shares of the company’s stock valued at $24,180,000 after purchasing an additional 7,401 shares in the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on SONY. TD Cowen cut their price target on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a report on Friday, October 11th. Daiwa America raised shares of Sony Group to a “strong-buy” rating in a report on Wednesday, September 18th. StockNews.com downgraded shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Finally, Oppenheimer dropped their price objective on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $24.00.

Sony Group Stock Performance

SONY opened at $19.87 on Wednesday. The business’s 50 day moving average is $20.34 and its 200-day moving average is $12.33. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The stock has a market cap of $120.17 billion, a PE ratio of 16.26, a price-to-earnings-growth ratio of 13.74 and a beta of 0.95. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $22.71.

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.