Raymond James Trust N.A. Purchases 763 Shares of Sony Group Co. (NYSE:SONY)

Raymond James Trust N.A. lifted its position in shares of Sony Group Co. (NYSE:SONYGet Rating) by 20.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,522 shares of the company’s stock after buying an additional 763 shares during the quarter. Raymond James Trust N.A.’s holdings in Sony Group were worth $289,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. grew its position in shares of Sony Group by 0.8% during the 1st quarter. BlackRock Inc. now owns 1,510,796 shares of the company’s stock worth $155,174,000 after buying an additional 11,272 shares in the last quarter. Clearbridge Investments LLC boosted its position in Sony Group by 1.8% during the second quarter. Clearbridge Investments LLC now owns 798,372 shares of the company’s stock valued at $65,283,000 after purchasing an additional 14,222 shares in the last quarter. Manning & Napier Group LLC boosted its position in Sony Group by 7.7% during the third quarter. Manning & Napier Group LLC now owns 786,026 shares of the company’s stock valued at $50,343,000 after purchasing an additional 56,226 shares in the last quarter. Mondrian Investment Partners LTD boosted its position in Sony Group by 17.1% during the second quarter. Mondrian Investment Partners LTD now owns 782,963 shares of the company’s stock valued at $64,203,000 after purchasing an additional 114,096 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its position in Sony Group by 15.4% during the second quarter. Macquarie Group Ltd. now owns 743,786 shares of the company’s stock valued at $60,819,000 after purchasing an additional 99,370 shares in the last quarter. Institutional investors own 7.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on SONY shares. Cowen dropped their price objective on Sony Group from $144.00 to $102.00 in a research report on Wednesday, November 2nd. Cowen dropped their price objective on Sony Group from $144.00 to $102.00 in a research report on Wednesday, November 2nd. TheStreet raised Sony Group from a “c+” rating to a “b-” rating in a research report on Monday, December 5th. Finally, StockNews.com assumed coverage on Sony Group in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $109.67.

Sony Group Trading Down 0.4 %

Sony Group stock opened at $85.75 on Monday. The stock has a 50-day moving average of $79.94 and a two-hundred day moving average of $77.81. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.43 and a current ratio of 0.58. Sony Group Co. has a one year low of $61.72 and a one year high of $125.00. The stock has a market cap of $106.07 billion, a PE ratio of 14.06, a price-to-earnings-growth ratio of 2.82 and a beta of 1.00.

Sony Group (NYSE:SONYGet Rating) last released its quarterly earnings results on Tuesday, November 1st. The company reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.47. Sony Group had a return on equity of 12.23% and a net margin of 9.05%. The company had revenue of $19.93 billion during the quarter, compared to analysts’ expectations of $21.17 billion. On average, research analysts anticipate that Sony Group Co. will post 5.27 EPS for the current fiscal year.

Sony Group Company Profile

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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 and portable game consoles, packaged software, and peripheral devices.

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Institutional Ownership by Quarter for Sony Group (NYSE:SONY)

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