Truist Financial Corp lifted its stake in shares of Sony Group Co. (NYSE:SONY – Free Report) by 3.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 83,122 shares of the company’s stock after purchasing an additional 2,455 shares during the quarter. Truist Financial Corp’s holdings in Sony Group were worth $7,535,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. O Shaughnessy Asset Management LLC grew its position in Sony Group by 56.0% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 51,424 shares of the company’s stock worth $3,923,000 after buying an additional 18,458 shares in the last quarter. DMC Group LLC boosted its holdings in shares of Sony Group by 14.1% in the 1st quarter. DMC Group LLC now owns 4,531 shares of the company’s stock worth $414,000 after purchasing an additional 559 shares in the last quarter. 44 Wealth Management LLC purchased a new position in shares of Sony Group in the 1st quarter worth about $241,000. Geneos Wealth Management Inc. boosted its holdings in shares of Sony Group by 184.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 682 shares of the company’s stock worth $62,000 after purchasing an additional 442 shares in the last quarter. Finally, Summit Trail Advisors LLC boosted its holdings in shares of Sony Group by 19.5% in the 1st quarter. Summit Trail Advisors LLC now owns 4,317 shares of the company’s stock worth $391,000 after purchasing an additional 704 shares in the last quarter. 7.90% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on SONY shares. StockNews.com started coverage on Sony Group in a report on Thursday, May 18th. They issued a “hold” rating for the company. The Goldman Sachs Group upgraded Sony Group from a “neutral” rating to a “buy” rating in a report on Wednesday, July 12th.
Sony Group Trading Up 1.9 %
Shares of SONY stock opened at $85.45 on Friday. The stock has a market capitalization of $105.44 billion, a PE ratio of 15.62, a P/E/G ratio of 2.91 and a beta of 1.03. Sony Group Co. has a 1-year low of $61.72 and a 1-year high of $100.94. The business has a 50-day moving average of $93.44 and a 200 day moving average of $91.18. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.62 and a quick ratio of 0.46.
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.
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