First Personal Financial Services Has $2.45 Million Position in Sony Group Co. (NYSE:SONY)

First Personal Financial Services cut its stake in shares of Sony Group Co. (NYSE:SONY) by 1.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,802 shares of the company’s stock after selling 303 shares during the period. First Personal Financial Services’ holdings in Sony Group were worth $2,447,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in SONY. Fisher Asset Management LLC raised its stake 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 worth $602,150,000 after purchasing an additional 342,025 shares in the last quarter. Mondrian Investment Partners LTD increased its holdings in Sony Group by 43.4% in the first quarter. Mondrian Investment Partners LTD now owns 2,558,527 shares of the company’s stock worth $220,033,000 after buying an additional 774,502 shares during the last quarter. Harding Loevner LP raised its position in Sony Group by 2,206.6% during the fourth quarter. Harding Loevner LP now owns 2,280,016 shares of the company’s stock valued at $219,419,000 after acquiring an additional 2,181,169 shares in the last quarter. Clearbridge Investments LLC lifted its stake in Sony Group by 1.2% in the first quarter. Clearbridge Investments LLC now owns 1,616,928 shares of the company’s stock valued at $138,635,000 after acquiring an additional 18,487 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in Sony Group by 26.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,344,784 shares of the company’s stock worth $127,338,000 after acquiring an additional 277,537 shares in the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sony Group Stock Up 0.8 %

Shares of NYSE SONY traded up $0.73 during mid-day trading on Friday, reaching $97.54. 400,863 shares of the company traded hands, compared to its average volume of 840,572. The company’s fifty day moving average is $89.13 and its two-hundred day moving average is $86.07. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.47 and a current ratio of 0.63. Sony Group Co. has a fifty-two week low of $75.11 and a fifty-two week high of $100.88. The stock has a market cap of $120.39 billion, a PE ratio of 17.93 and a beta of 0.94.

Shares of Sony Group are set to split on Monday, September 30th. The 5-1 split was announced on Tuesday, May 14th. The newly created shares will be issued to shareholders after the closing bell on Monday, September 30th.

Sony Group (NYSE:SONY) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.11. The company had revenue of $19.32 billion for the quarter, compared to the consensus estimate of $17.42 billion. Sony Group had a return on equity of 12.82% and a net margin of 7.59%. On average, analysts expect that Sony Group Co. will post 5.68 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Sony Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $108.00.

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.