Janney Montgomery Scott LLC Boosts Stake in Sony Group Co. (NYSE:SONY)

Janney Montgomery Scott LLC grew its stake in shares of Sony Group Co. (NYSE:SONY) by 5.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,295 shares of the company’s stock after buying an additional 1,504 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Sony Group were worth $2,636,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Clearbridge Investments LLC raised its position in shares of Sony Group by 1.2% during the 1st quarter. Clearbridge Investments LLC now owns 1,616,928 shares of the company’s stock valued at $138,635,000 after buying an additional 18,487 shares in the last quarter. Mediolanum International Funds Ltd bought a new position in shares of Sony Group during the 3rd quarter valued at $109,462,000. Marshall Wace LLP grew its holdings in shares of Sony Group by 8,495.0% during the 2nd quarter. Marshall Wace LLP now owns 848,414 shares of the company’s stock valued at $72,073,000 after purchasing an additional 838,543 shares during the last quarter. Sei Investments Co. grew its holdings in shares of Sony Group by 3.5% during the 2nd quarter. Sei Investments Co. now owns 611,514 shares of the company’s stock valued at $51,946,000 after purchasing an additional 20,802 shares during the last quarter. Finally, Minneapolis Portfolio Management Group LLC grew its holdings in shares of Sony Group by 0.3% during the 2nd quarter. Minneapolis Portfolio Management Group LLC now owns 328,984 shares of the company’s stock valued at $27,947,000 after purchasing an additional 921 shares during the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Analyst Ratings Changes

SONY has been the topic of several recent research reports. TD Cowen reduced their target price on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a report on Friday, October 11th. Daiwa America raised shares of Sony Group to a “strong-buy” rating in a report on Wednesday, September 18th. Finally, StockNews.com raised shares of Sony Group from a “hold” rating to a “strong-buy” rating in a report on Monday. One research analyst has rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Sony Group presently has an average rating of “Buy” and a consensus target price of $13.66.

Sony Group Trading Down 4.1 %

Shares of SONY opened at $19.10 on Tuesday. The firm’s 50-day moving average price is $12.87 and its 200-day moving average price is $6.76. The firm has a market capitalization of $115.51 billion, a price-to-earnings ratio of 15.66 and a beta of 0.95. 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 Co. has a 1-year low of $15.02 and a 1-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.