Atria Wealth Solutions Inc. Grows Position in Sony Group Co. (NYSE:SONY)

Atria Wealth Solutions Inc. raised its position in shares of Sony Group Co. (NYSE:SONY) by 451.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,870 shares of the company’s stock after buying an additional 73,580 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Sony Group were worth $1,902,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Fiduciary Trust Co boosted its holdings in shares of Sony Group by 13.4% in the 3rd quarter. Fiduciary Trust Co now owns 4,965 shares of the company’s stock worth $479,000 after purchasing an additional 585 shares during the period. First Horizon Advisors Inc. boosted its holdings in shares of Sony Group by 14.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 4,629 shares of the company’s stock worth $447,000 after purchasing an additional 599 shares during the period. West Family Investments Inc. boosted its holdings in shares of Sony Group by 13.0% in the 3rd quarter. West Family Investments Inc. now owns 5,422 shares of the company’s stock worth $524,000 after purchasing an additional 623 shares during the period. Brown Brothers Harriman & Co. boosted its holdings in shares of Sony Group by 106.2% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company’s stock worth $134,000 after purchasing an additional 716 shares during the period. Finally, Coldstream Capital Management Inc. boosted its holdings in shares of Sony Group by 23.2% in the 3rd quarter. Coldstream Capital Management Inc. now owns 3,993 shares of the company’s stock worth $352,000 after purchasing an additional 751 shares during the period. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Sony Group Price Performance

Shares of SONY stock opened at $24.81 on Friday. Sony Group Co. has a 52-week low of $15.02 and a 52-week high of $25.29. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. The firm has a market capitalization of $150.01 billion, a P/E ratio of 20.13, a P/E/G ratio of 9.95 and a beta of 0.96. The stock has a 50 day moving average price of $21.74 and a 200 day moving average price of $15.95.

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. The business had revenue of $28.95 billion during the quarter, compared to analyst estimates of $24.32 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. As a group, sell-side analysts predict that Sony Group Co. will post 1.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

SONY has been the subject of a number of research analyst reports. Oppenheimer reissued an “outperform” rating and set a $33.00 price target (up from $25.00) on shares of Sony Group in a research note on Thursday. Sanford C. Bernstein initiated coverage on Sony Group in a research note on Thursday, January 16th. They set an “outperform” rating for the company. Finally, StockNews.com lowered Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Sony Group currently has a consensus rating of “Buy” and a consensus price target of $28.00.

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.