Secured Retirement Advisors LLC Purchases Shares of 63,330 Sony Group Co. (NYSE:SONY)

Secured Retirement Advisors LLC purchased a new stake in shares of Sony Group Co. (NYSE:SONY) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 63,330 shares of the company’s stock, valued at approximately $1,340,000.

Several other institutional investors have also added to or reduced their stakes in the business. Fisher Asset Management LLC boosted its position in Sony Group by 12.7% during the third quarter. Fisher Asset Management LLC now owns 8,636,355 shares of the company’s stock valued at $834,013,000 after buying an additional 972,075 shares during the period. Cardinal Capital Management Inc. boosted its position in Sony Group by 403.7% during the fourth quarter. Cardinal Capital Management Inc. now owns 1,606,160 shares of the company’s stock valued at $33,986,000 after buying an additional 1,287,259 shares during the period. Mediolanum International Funds Ltd purchased a new stake in Sony Group during the third quarter valued at about $109,462,000. Cambiar Investors LLC raised its stake in shares of Sony Group by 548.9% during the fourth quarter. Cambiar Investors LLC now owns 1,059,241 shares of the company’s stock valued at $22,414,000 after acquiring an additional 896,013 shares during the last quarter. Finally, Pictet North America Advisors SA boosted its holdings in shares of Sony Group by 333.4% during the fourth quarter. Pictet North America Advisors SA now owns 1,057,404 shares of the company’s stock worth $22,375,000 after purchasing an additional 813,429 shares during the period. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Sony Group Stock Performance

Shares of SONY opened at $24.16 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. Sony Group Co. has a one year low of $15.02 and a one year high of $24.25. The company has a 50-day simple moving average of $21.46 and a two-hundred day simple moving average of $15.20. The firm has a market capitalization of $146.08 billion, a PE ratio of 19.77, a price-to-earnings-growth ratio of 11.46 and a beta of 0.96.

Sony Group (NYSE:SONY) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.27 by $0.14. Sony Group had a net margin of 8.55% and a return on equity of 14.27%. The business had revenue of $28.95 billion during the quarter, compared to analyst estimates of $24.32 billion. On average, analysts anticipate that Sony Group Co. will post 1.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SONY. Oppenheimer dropped their target price on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. StockNews.com lowered shares of Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. Finally, Sanford C. Bernstein began coverage on shares of Sony Group in a report on Thursday, January 16th. They set an “outperform” rating for the company. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Sony Group currently has an average rating of “Buy” and an average target price of $24.00.

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.