Atomi Financial Group Inc. Has $835,000 Stake in Sony Group Co. (NYSE:SONY)

Atomi Financial Group Inc. grew its stake in Sony Group Co. (NYSE:SONY) by 23.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,831 shares of the company’s stock after acquiring an additional 1,890 shares during the quarter. Atomi Financial Group Inc.’s holdings in Sony Group were worth $835,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its position in shares of Sony Group by 40.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,105 shares of the company’s stock worth $199,000 after buying an additional 610 shares during the period. New York State Common Retirement Fund grew its stake in shares of Sony Group by 0.4% during the 4th quarter. New York State Common Retirement Fund now owns 114,178 shares of the company’s stock worth $10,812,000 after acquiring an additional 446 shares in the last quarter. Yousif Capital Management LLC raised its holdings in shares of Sony Group by 6.9% in the fourth quarter. Yousif Capital Management LLC now owns 22,242 shares of the company’s stock valued at $2,106,000 after purchasing an additional 1,430 shares during the last quarter. Atria Wealth Solutions Inc. increased its stake in Sony Group by 47.8% in the 4th quarter. Atria Wealth Solutions Inc. now owns 19,405 shares of the company’s stock valued at $1,838,000 after buying an additional 6,274 shares during the last quarter. Finally, Truist Financial Corp boosted its stake in shares of Sony Group by 27.8% during the 4th quarter. Truist Financial Corp now owns 101,448 shares of the company’s stock worth $9,606,000 after buying an additional 22,072 shares during the last quarter. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Sony Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $108.00.

Sony Group Stock Performance

SONY stock traded up $1.09 during trading hours on Wednesday, hitting $97.16. 102,405 shares of the stock were exchanged, compared to its average volume of 838,506. The company has a 50-day simple moving average of $88.13 and a two-hundred day simple moving average of $85.91. The firm has a market capitalization of $119.92 billion, a P/E ratio of 17.66 and a beta of 0.94. Sony Group Co. has a 12 month low of $75.11 and a 12 month high of $100.88. The company has a current ratio of 0.63, a quick ratio of 0.47 and a debt-to-equity ratio of 0.26.

Sony Group shares are set to split before the market opens on Monday, September 30th. The 5-1 split was announced on Tuesday, May 14th. The newly minted shares will be payable to shareholders after the closing bell on Monday, September 30th.

Sony Group (NYSE:SONY) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.11. The firm had revenue of $19.32 billion during the quarter, compared to analysts’ expectations of $17.42 billion. Sony Group had a return on equity of 12.82% and a net margin of 7.59%. On average, analysts forecast that Sony Group Co. will post 5.68 earnings per share for the current fiscal 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.