Henry James International Management Inc. Has $9.40 Million Stock Position in Sony Group Co. (NYSE:SONY)

Henry James International Management Inc. reduced its stake in Sony Group Co. (NYSE:SONY) by 0.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,227 shares of the company’s stock after selling 534 shares during the period. Sony Group accounts for 3.5% of Henry James International Management Inc.’s holdings, making the stock its 6th biggest holding. Henry James International Management Inc.’s holdings in Sony Group were worth $9,396,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of SONY. Stratos Wealth Partners LTD. lifted its stake in Sony Group by 10.7% in the third quarter. Stratos Wealth Partners LTD. now owns 4,642 shares of the company’s stock worth $383,000 after acquiring an additional 448 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Sony Group by 6.9% during the third quarter. Bank of New York Mellon Corp now owns 378,854 shares of the company’s stock valued at $31,221,000 after purchasing an additional 24,427 shares in the last quarter. Brown Advisory Inc. increased its holdings in Sony Group by 4.6% during the third quarter. Brown Advisory Inc. now owns 9,742 shares of the company’s stock valued at $803,000 after buying an additional 426 shares during the period. Brighton Jones LLC raised its stake in Sony Group by 4.1% in the third quarter. Brighton Jones LLC now owns 3,308 shares of the company’s stock worth $273,000 after buying an additional 129 shares in the last quarter. Finally, DMC Group LLC raised its stake in Sony Group by 20.7% in the third quarter. DMC Group LLC now owns 5,634 shares of the company’s stock worth $464,000 after buying an additional 968 shares in the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on SONY shares. Macquarie lowered Sony Group from an “outperform” rating to a “neutral” rating in a research note on Thursday, February 15th. StockNews.com lowered shares of Sony Group from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Oppenheimer reaffirmed an “outperform” rating and issued a $108.00 price target on shares of Sony Group in a report on Monday, February 26th. Finally, TheStreet upgraded Sony Group from a “c+” rating to a “b-” rating in a report on Thursday, January 11th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Sony Group presently has an average rating of “Moderate Buy” and an average target price of $108.00.

Sony Group Stock Performance

SONY stock traded up $0.46 during trading on Friday, reaching $84.54. The company had a trading volume of 631,246 shares, compared to its average volume of 581,424. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.54 and a current ratio of 0.69. Sony Group Co. has a twelve month low of $79.62 and a twelve month high of $100.94. The company has a market cap of $104.34 billion, a price-to-earnings ratio of 16.32 and a beta of 0.95. The firm has a 50-day simple moving average of $85.24 and a 200-day simple moving average of $88.84.

Sony Group (NYSE:SONY) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.32. The firm had revenue of $25.38 billion for the quarter, compared to analyst estimates of $24.31 billion. Sony Group had a net margin of 7.62% and a return on equity of 12.43%. As a group, sell-side analysts expect that Sony Group Co. will post 5.22 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.