Callan Capital LLC Buys Shares of 2,764 Sony Group Co. (NYSE:SONY)

Callan Capital LLC bought a new stake in Sony Group Co. (NYSE:SONY) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,764 shares of the company’s stock, valued at approximately $262,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC raised its stake in shares of Sony Group by 2,317.1% in the 4th quarter. SG Americas Securities LLC now owns 54,143 shares of the company’s stock valued at $5,127,000 after acquiring an additional 51,903 shares during the period. Fifth Third Bancorp increased its position in shares of Sony Group by 290.8% in the 4th quarter. Fifth Third Bancorp now owns 44,095 shares of the company’s stock valued at $4,175,000 after purchasing an additional 32,811 shares during the last quarter. Cerity Partners LLC increased its position in shares of Sony Group by 103.2% in the 4th quarter. Cerity Partners LLC now owns 38,183 shares of the company’s stock valued at $3,616,000 after purchasing an additional 19,395 shares during the last quarter. XY Capital Ltd purchased a new stake in shares of Sony Group in the 3rd quarter valued at approximately $876,000. Finally, Bleakley Financial Group LLC increased its position in shares of Sony Group by 25.3% in the 4th quarter. Bleakley Financial Group LLC now owns 7,178 shares of the company’s stock valued at $680,000 after purchasing an additional 1,450 shares during the last quarter. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. TheStreet upgraded shares of Sony Group from a “c+” rating to a “b-” rating in a research note on Thursday, January 11th. Macquarie cut shares of Sony Group from an “outperform” rating to a “neutral” rating in a research note on Thursday, February 15th. StockNews.com cut shares of Sony Group from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Finally, Oppenheimer restated an “outperform” rating and issued a $108.00 target price on shares of Sony Group in a research note on Monday, February 26th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $108.00.

Sony Group Stock Down 0.1 %

Shares of NYSE SONY traded down $0.11 during trading on Friday, reaching $82.33. 440,622 shares of the stock were exchanged, compared to its average volume of 771,330. The business’s 50-day moving average price is $85.70 and its 200 day moving average price is $88.85. Sony Group Co. has a twelve month low of $79.62 and a twelve month high of $100.94. The company has a quick ratio of 0.54, a current ratio of 0.69 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $101.61 billion, a price-to-earnings ratio of 15.89 and a beta of 0.98.

Sony Group (NYSE:SONY) last posted its quarterly earnings results on Wednesday, February 14th. The company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.32. The firm had revenue of $25.38 billion for the quarter, compared to analysts’ expectations of $24.31 billion. Sony Group had a net margin of 7.62% and a return on equity of 12.43%. As a group, equities analysts forecast that Sony Group Co. will post 5.21 EPS for the current fiscal year.

About Sony Group

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.