Raymond James Trust N.A. Acquires 1,199 Shares of Sony Group Co. (NYSE:SONY)

Raymond James Trust N.A. lifted its holdings in shares of Sony Group Co. (NYSE:SONY) by 9.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,811 shares of the company’s stock after acquiring an additional 1,199 shares during the quarter. Raymond James Trust N.A.’s holdings in Sony Group were worth $1,334,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SONY. Eagle Asset Management Inc. boosted its position in Sony Group by 456.3% during the third quarter. Eagle Asset Management Inc. now owns 27,604 shares of the company’s stock worth $2,666,000 after purchasing an additional 22,642 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Sony Group by 25.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 79,211 shares of the company’s stock worth $7,649,000 after buying an additional 16,073 shares during the period. First Horizon Advisors Inc. grew its stake in Sony Group by 14.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 4,629 shares of the company’s stock valued at $447,000 after buying an additional 599 shares during the last quarter. Commerce Bank bought a new position in Sony Group in the 3rd quarter valued at about $231,000. Finally, West Family Investments Inc. lifted its position in Sony Group by 13.0% during the third quarter. West Family Investments Inc. now owns 5,422 shares of the company’s stock worth $524,000 after acquiring an additional 623 shares during the last quarter. 14.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SONY has been the topic of several research reports. TD Cowen decreased their target price on Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. StockNews.com cut Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Oppenheimer reduced their target price on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a research report on Tuesday, November 12th. Finally, Daiwa America raised shares of Sony Group to a “strong-buy” rating in a research report on Wednesday, September 18th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $24.00.

Sony Group Price Performance

Sony Group stock opened at $19.06 on Friday. The stock’s fifty day moving average price is $15.59 and its two-hundred day moving average price is $7.71. The firm has a market cap of $115.27 billion, a PE ratio of 15.62, a price-to-earnings-growth ratio of 12.08 and a beta of 0.95. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. Sony Group Co. has a one year low of $15.02 and a one year high of $20.67.

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.