Janney Montgomery Scott LLC Purchases 2,498 Shares of Sony Group Co. (NYSE:SONY)

Janney Montgomery Scott LLC increased its stake in Sony Group Co. (NYSE:SONY) by 9.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,513 shares of the company’s stock after buying an additional 2,498 shares during the period. Janney Montgomery Scott LLC’s holdings in Sony Group were worth $2,700,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of SONY. Fisher Asset Management LLC increased its position in shares of Sony Group by 5.7% during the 4th quarter. Fisher Asset Management LLC now owns 6,359,171 shares of the company’s stock valued at $602,150,000 after purchasing an additional 342,025 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Sony Group by 39.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,067,247 shares of the company’s stock valued at $87,952,000 after buying an additional 299,300 shares in the last quarter. Natixis Advisors L.P. increased its holdings in Sony Group by 77.6% in the 4th quarter. Natixis Advisors L.P. now owns 315,680 shares of the company’s stock worth $29,891,000 after acquiring an additional 137,963 shares in the last quarter. Alberta Investment Management Corp raised its stake in Sony Group by 30.0% during the 3rd quarter. Alberta Investment Management Corp now owns 260,000 shares of the company’s stock worth $21,427,000 after acquiring an additional 60,000 shares during the period. Finally, Rovida Advisors Inc. purchased a new position in Sony Group during the third quarter valued at approximately $4,433,000. 14.05% of the stock is owned by hedge funds and other institutional investors.

Sony Group Price Performance

NYSE:SONY opened at $80.29 on Friday. The business’s 50-day moving average is $83.50 and its 200 day moving average is $88.47. Sony Group Co. has a 12 month low of $75.11 and a 12 month high of $100.94. The company has a market capitalization of $99.10 billion, a P/E ratio of 14.76 and a beta of 0.95. The company has a current ratio of 0.66, a quick ratio of 0.52 and a debt-to-equity ratio of 0.27.

Sony Group (NYSE:SONY) last posted its earnings results on Tuesday, May 14th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.21. Sony Group had a net margin of 7.95% and a return on equity of 13.05%. The firm had revenue of $23.45 billion during the quarter, compared to analyst estimates of $18.97 billion. During the same period last year, the firm posted $0.78 earnings per share. On average, equities research analysts forecast that Sony Group Co. will post 5.84 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on SONY shares. Oppenheimer restated an “outperform” rating and set a $108.00 price objective on shares of Sony Group in a research report on Monday, February 26th. Macquarie lowered Sony Group from an “outperform” rating to a “neutral” rating in a research note on Thursday, February 15th. Finally, StockNews.com raised Sony Group from a “hold” rating to a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.