Atria Wealth Solutions Inc. Buys 6,274 Shares of Sony Group Co. (NYSE:SONY)

Atria Wealth Solutions Inc. boosted its position in Sony Group Co. (NYSE:SONY) by 47.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 19,405 shares of the company’s stock after acquiring an additional 6,274 shares during the period. Atria Wealth Solutions Inc.’s holdings in Sony Group were worth $1,838,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. SG Americas Securities LLC lifted its position in shares of Sony Group by 2,317.1% in the fourth quarter. SG Americas Securities LLC now owns 54,143 shares of the company’s stock valued at $5,127,000 after acquiring an additional 51,903 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of Sony Group by 290.8% during the fourth quarter. Fifth Third Bancorp now owns 44,095 shares of the company’s stock valued at $4,175,000 after purchasing an additional 32,811 shares in the last quarter. Cerity Partners LLC raised its holdings in Sony Group by 103.2% in the fourth quarter. Cerity Partners LLC now owns 38,183 shares of the company’s stock worth $3,616,000 after purchasing an additional 19,395 shares in the last quarter. XY Capital Ltd acquired a new stake in shares of Sony Group in the 3rd quarter worth $876,000. Finally, Bleakley Financial Group LLC grew its position in Sony Group by 25.3% during the 4th quarter. Bleakley Financial Group LLC now owns 7,178 shares of the company’s stock worth $680,000 after purchasing an additional 1,450 shares during the last quarter. 14.05% of the stock is owned by institutional investors.

Sony Group Stock Performance

NYSE:SONY opened at $83.00 on Tuesday. The company has a quick ratio of 0.54, a current ratio of 0.69 and a debt-to-equity ratio of 0.25. Sony Group Co. has a fifty-two week low of $79.62 and a fifty-two week high of $100.94. The company has a market cap of $102.44 billion, a P/E ratio of 16.02 and a beta of 0.98. The firm’s 50 day moving average is $85.58 and its two-hundred day moving average is $88.88.

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 the consensus estimate of $1.68 by $0.32. Sony Group had a return on equity of 12.43% and a net margin of 7.62%. The firm had revenue of $25.38 billion during the quarter, compared to analyst estimates of $24.31 billion. Analysts expect that Sony Group Co. will post 5.21 EPS for the current year.

Wall Street Analyst Weigh In

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

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.