Janney Montgomery Scott LLC Acquires 115,798 Shares of Sony Group Co. (NYSE:SONY)

Janney Montgomery Scott LLC grew its holdings in shares of Sony Group Co. (NYSE:SONY) by 424.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 143,093 shares of the company’s stock after buying an additional 115,798 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Sony Group were worth $3,028,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SONY. Hexagon Capital Partners LLC grew its stake in Sony Group by 38.6% in the third quarter. Hexagon Capital Partners LLC now owns 836 shares of the company’s stock valued at $81,000 after purchasing an additional 233 shares during the last quarter. General Partner Inc. boosted its stake in shares of Sony Group by 400.0% during the 4th quarter. General Partner Inc. now owns 1,245 shares of the company’s stock worth $26,000 after acquiring an additional 996 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in 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 acquiring an additional 716 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Sony Group by 400.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,505 shares of the company’s stock valued at $32,000 after acquiring an additional 1,204 shares during the last quarter. Finally, Hilltop National Bank lifted its stake in shares of Sony Group by 346.3% in the fourth quarter. Hilltop National Bank now owns 1,513 shares of the company’s stock worth $32,000 after buying an additional 1,174 shares in the last quarter. Institutional investors own 14.05% of the company’s stock.

Sony Group Stock Performance

NYSE SONY opened at $22.00 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. The company has a market capitalization of $133.02 billion, a P/E ratio of 18.00, a PEG ratio of 11.02 and a beta of 0.95. Sony Group Co. has a 1-year low of $15.02 and a 1-year high of $22.71. The business has a 50 day moving average price of $20.96 and a 200 day moving average price of $13.80.

Analyst Upgrades and Downgrades

SONY has been the topic of several recent analyst reports. Sanford C. Bernstein assumed coverage on shares of Sony Group in a report on Thursday, January 16th. They issued an “outperform” rating on the stock. StockNews.com lowered Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. TD Cowen lowered their target price on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. Finally, Oppenheimer cut their price target on Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th. One equities research 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 company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $24.00.

About Sony Group

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.