Sony Group Co. (NYSE:SONY) Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lifted its stake in Sony Group Co. (NYSE:SONY) by 2.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,542 shares of the company’s stock after purchasing an additional 549 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Sony Group were worth $1,660,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Sony Group in the 2nd quarter valued at about $26,000. Sunbelt Securities Inc. acquired a new position in Sony Group in the first quarter valued at approximately $29,000. Rise Advisors LLC grew its position in Sony Group by 259.2% in the first quarter. Rise Advisors LLC now owns 352 shares of the company’s stock worth $30,000 after acquiring an additional 254 shares during the period. Ridgewood Investments LLC purchased a new position in Sony Group in the second quarter worth approximately $41,000. Finally, Family Firm Inc. acquired a new stake in Sony Group during the second quarter worth $44,000. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SONY. StockNews.com downgraded Sony Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. Daiwa America upgraded shares of Sony Group to a “strong-buy” rating in a research report on Wednesday, September 18th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $21.60.

Sony Group Trading Up 0.9 %

Shares of NYSE SONY opened at $94.85 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.47 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $117.07 billion, a PE ratio of 17.44 and a beta of 0.94. Sony Group Co. has a twelve month low of $75.11 and a twelve month high of $100.88. The stock has a fifty day simple moving average of $25.97 and a 200-day simple moving average of $20.08.

Sony Group (NYSE:SONY) last announced its earnings results on Wednesday, August 7th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. The company had revenue of $19.32 billion during the quarter, compared to analysts’ expectations of $17.42 billion. Sony Group had a return on equity of 12.82% and a net margin of 7.59%. On average, equities analysts forecast that Sony Group Co. will post 4.75 earnings per share for the current year.

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.