Baird Financial Group Inc. Has $307,000 Position in Sony Corporation $SONY

Baird Financial Group Inc. boosted its stake in shares of Sony Corporation (NYSE:SONY) by 24.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,094 shares of the company’s stock after buying an additional 2,370 shares during the quarter. Baird Financial Group Inc.’s holdings in Sony were worth $307,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SONY. Royal Bank of Canada lifted its position in shares of Sony by 416.6% in the 4th quarter. Royal Bank of Canada now owns 5,796,210 shares of the company’s stock worth $122,649,000 after purchasing an additional 4,674,249 shares during the period. Wellington Management Group LLP acquired a new position in shares of Sony in the 1st quarter worth approximately $78,905,000. 1832 Asset Management L.P. lifted its position in shares of Sony by 702.4% in the 1st quarter. 1832 Asset Management L.P. now owns 1,318,299 shares of the company’s stock worth $33,472,000 after purchasing an additional 1,154,010 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Sony by 124.5% in the 1st quarter. Ameriprise Financial Inc. now owns 2,060,705 shares of the company’s stock worth $52,814,000 after purchasing an additional 1,142,849 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of Sony by 2,995.3% in the 1st quarter. GAMMA Investing LLC now owns 994,755 shares of the company’s stock worth $25,257,000 after purchasing an additional 962,617 shares during the period. 14.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of Sony from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $28.00.

Sony Stock Up 2.0%

Sony stock opened at $29.21 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 0.16. Sony Corporation has a 12-month low of $17.42 and a 12-month high of $29.24. The firm’s fifty day moving average is $26.30 and its 200 day moving average is $25.37. The company has a market capitalization of $176.65 billion, a PE ratio of 23.18 and a beta of 0.94.

Sony (NYSE:SONY) last issued its earnings results on Thursday, August 7th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.06. Sony had a return on equity of 13.88% and a net margin of 9.14%.The business had revenue of $17.79 billion during the quarter, compared to analyst estimates of $18.88 billion. During the same period in the previous year, the company posted $189.90 EPS. Sony has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Sony Corporation will post 1.23 EPS for the current fiscal year.

Sony 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.