Bleakley Financial Group LLC Has $962,000 Stock Position in Sony Corporation $SONY

Bleakley Financial Group LLC boosted its holdings in Sony Corporation (NYSE:SONY) by 117.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,947 shares of the company’s stock after buying an additional 19,969 shares during the quarter. Bleakley Financial Group LLC’s holdings in Sony were worth $962,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Northern Trust Corp grew its holdings in shares of Sony by 3.4% during the 1st quarter. Northern Trust Corp now owns 7,845,521 shares of the company’s stock valued at $199,198,000 after purchasing an additional 257,838 shares during the last quarter. Wellington Management Group LLP bought a new position in shares of Sony in the 1st quarter valued at $78,905,000. Ameriprise Financial Inc. boosted its holdings in shares of Sony by 124.5% during the 1st quarter. Ameriprise Financial Inc. now owns 2,060,705 shares of the company’s stock valued at $52,814,000 after acquiring an additional 1,142,849 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Sony by 4,056.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,973,638 shares of the company’s stock worth $50,269,000 after acquiring an additional 1,926,156 shares during the last quarter. Finally, Raymond James Financial Inc. increased its holdings in Sony by 0.4% in the 1st quarter. Raymond James Financial Inc. now owns 1,753,173 shares of the company’s stock worth $44,513,000 after purchasing an additional 6,297 shares in the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Wall Street Analysts Forecast Growth

SONY has been the topic of several research reports. Cfra Research upgraded Sony to a “moderate buy” rating in a report on Friday, October 10th. Zacks Research raised shares of Sony from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 16th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sony in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Sony presently has an average rating of “Buy” and an average price target of $33.00.

Sony Stock Performance

Shares of SONY opened at $28.65 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 0.16. The firm’s fifty day simple moving average is $28.73 and its two-hundred day simple moving average is $26.44. Sony Corporation has a 12 month low of $17.54 and a 12 month high of $30.28. The stock has a market capitalization of $173.24 billion, a P/E ratio of 22.74 and a beta of 0.95.

Sony (NYSE:SONY) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.06. Sony had a return on equity of 13.88% and a net margin of 9.14%.The company had revenue of $17.79 billion for the quarter, compared to the consensus estimate of $18.88 billion. During the same period in the previous year, the business earned $189.90 EPS. Sony has set its FY 2025 guidance at EPS. As a group, analysts predict that Sony Corporation will post 1.23 EPS for the current year.

About Sony

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.