Northern Trust Corp Acquires 6,518,412 Shares of Sony Group Co. (NYSE:SONY)

Northern Trust Corp raised its holdings in shares of Sony Group Co. (NYSE:SONY) by 609.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,587,683 shares of the company’s stock after buying an additional 6,518,412 shares during the period. Northern Trust Corp owned about 0.13% of Sony Group worth $160,555,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of SONY. Silicon Valley Capital Partners grew its position in Sony Group by 401.3% during the 4th quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock worth $25,000 after acquiring an additional 927 shares during the last quarter. Capital Analysts LLC increased its stake in shares of Sony Group by 400.0% in the fourth quarter. Capital Analysts LLC now owns 1,170 shares of the company’s stock worth $25,000 after buying an additional 936 shares during the period. General Partner Inc. raised its holdings in Sony Group by 400.0% during the 4th quarter. General Partner Inc. now owns 1,245 shares of the company’s stock valued at $26,000 after buying an additional 996 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in Sony Group during the 4th quarter valued at $26,000. Finally, Fairscale Capital LLC boosted its position in Sony Group by 400.0% during the 4th quarter. Fairscale Capital LLC now owns 1,240 shares of the company’s stock valued at $26,000 after buying an additional 992 shares during the period. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Sony Group Stock Up 0.1 %

Shares of NYSE:SONY opened at $25.31 on Friday. The firm has a market capitalization of $153.07 billion, a P/E ratio of 20.54, a P/E/G ratio of 9.95 and a beta of 0.94. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. The stock has a 50 day moving average price of $24.21 and a 200-day moving average price of $21.88. Sony Group Co. has a 52-week low of $15.02 and a 52-week high of $26.08.

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on SONY. Oppenheimer reaffirmed an “outperform” rating and set a $33.00 price objective (up from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Sanford C. Bernstein initiated coverage on Sony Group in a research report on Thursday, January 16th. They set an “outperform” rating for the company. Wolfe Research reiterated a “peer perform” rating on shares of Sony Group in a research report on Monday, April 7th. The Goldman Sachs Group began coverage on Sony Group in a report on Tuesday, March 25th. They set a “buy” rating for the company. Finally, StockNews.com cut shares of Sony Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $28.00.

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.