Financial Counselors Inc. Purchases Shares of 2,099 Sony Group Co. (NYSE:SONY)

Financial Counselors Inc. acquired a new position in shares of Sony Group Co. (NYSE:SONY) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,099 shares of the company’s stock, valued at approximately $203,000.

Several other hedge funds also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD raised its position in Sony Group by 3.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 84,918 shares of the company’s stock worth $7,281,000 after acquiring an additional 3,022 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Sony Group by 28.6% in the 1st quarter. Janus Henderson Group PLC now owns 5,403 shares of the company’s stock valued at $463,000 after purchasing an additional 1,200 shares during the period. Cetera Investment Advisers grew its holdings in Sony Group by 423.0% during the first quarter. Cetera Investment Advisers now owns 33,495 shares of the company’s stock worth $2,872,000 after purchasing an additional 27,090 shares during the period. Cetera Advisors LLC grew its holdings in Sony Group by 82.8% during the first quarter. Cetera Advisors LLC now owns 6,833 shares of the company’s stock worth $586,000 after purchasing an additional 3,095 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in Sony Group by 9.6% in the first quarter. EverSource Wealth Advisors LLC now owns 1,662 shares of the company’s stock valued at $137,000 after buying an additional 146 shares during the period. Institutional investors own 14.05% of the company’s stock.

Sony Group Stock Up 1.5 %

SONY opened at $20.05 on Monday. 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 fifty day moving average of $17.19 and a 200-day moving average of $8.29. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $20.67. The company has a market capitalization of $121.26 billion, a P/E ratio of 16.43, a P/E/G ratio of 12.70 and a beta of 0.95.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. TD Cowen reduced their target price on Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a research note on Friday, October 11th. StockNews.com downgraded shares of Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. Daiwa America upgraded shares of Sony Group to a “strong-buy” rating in a research note on Wednesday, September 18th. Finally, Oppenheimer decreased their price target on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $24.00.

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.