Kestra Private Wealth Services LLC Takes $1.04 Million Position in Sony Group Co. (NYSE:SONY)

Kestra Private Wealth Services LLC acquired a new stake in Sony Group Co. (NYSE:SONY) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 49,190 shares of the company’s stock, valued at approximately $1,041,000.

Several other institutional investors have also modified their holdings of the stock. Fisher Asset Management LLC lifted its stake in shares of Sony Group by 12.7% in the 3rd quarter. Fisher Asset Management LLC now owns 8,636,355 shares of the company’s stock valued at $834,013,000 after purchasing an additional 972,075 shares during the last quarter. Cardinal Capital Management Inc. lifted its stake in shares of Sony Group by 403.7% during the 4th quarter. Cardinal Capital Management Inc. now owns 1,606,160 shares of the company’s stock worth $33,986,000 after acquiring an additional 1,287,259 shares during the last quarter. Mediolanum International Funds Ltd purchased a new position in Sony Group during the 3rd quarter valued at $109,462,000. Manning & Napier Advisors LLC boosted its holdings in Sony Group by 356.8% during the 4th quarter. Manning & Napier Advisors LLC now owns 968,813 shares of the company’s stock valued at $20,500,000 after acquiring an additional 756,705 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in Sony Group by 536.5% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 802,825 shares of the company’s stock valued at $16,988,000 after acquiring an additional 676,701 shares during the period. 14.05% of the stock is owned by institutional investors.

Sony Group Trading Up 5.4 %

Shares of NYSE SONY opened at $23.16 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The business has a fifty day simple moving average of $21.40 and a two-hundred day simple moving average of $14.98. The firm has a market cap of $140.07 billion, a PE ratio of 18.95, a price-to-earnings-growth ratio of 11.46 and a beta of 0.96. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $24.03.

Sony Group (NYSE:SONY) last issued its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.14. Sony Group had a return on equity of 14.27% and a net margin of 8.55%. Analysts expect that Sony Group Co. will post 1.21 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Oppenheimer dropped their price objective on Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. StockNews.com cut Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. Finally, Sanford C. Bernstein assumed coverage on Sony Group in a report on Thursday, January 16th. They set an “outperform” rating for the company. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Sony Group has an average rating of “Buy” and an average target price of $24.00.

Sony Group Company 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.