Financial Management Professionals Inc. Has $60,000 Stock Holdings in Sony Group Co. (NYSE:SONY)

Financial Management Professionals Inc. increased its position in Sony Group Co. (NYSE:SONY) by 390.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,821 shares of the company’s stock after acquiring an additional 2,246 shares during the period. Financial Management Professionals Inc.’s holdings in Sony Group were worth $60,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. General Partner Inc. lifted its stake in Sony Group by 400.0% in the fourth quarter. General Partner Inc. now owns 1,245 shares of the company’s stock valued at $26,000 after buying an additional 996 shares during the period. Hilltop National Bank grew its holdings in Sony Group by 346.3% during the fourth quarter. Hilltop National Bank now owns 1,513 shares of the company’s stock valued at $32,000 after purchasing an additional 1,174 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its stake in Sony Group by 400.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,505 shares of the company’s stock valued at $32,000 after purchasing an additional 1,204 shares in the last quarter. Rise Advisors LLC raised its holdings in Sony Group by 399.1% in the fourth quarter. Rise Advisors LLC now owns 1,747 shares of the company’s stock worth $37,000 after purchasing an additional 1,397 shares during the period. Finally, Global Financial Private Client LLC boosted its position in shares of Sony Group by 302.9% during the fourth quarter. Global Financial Private Client LLC now owns 1,950 shares of the company’s stock worth $41,000 after purchasing an additional 1,466 shares in the last quarter. 14.05% of the stock is owned by institutional investors.

Sony Group Price Performance

NYSE:SONY opened at $20.64 on Monday. The stock’s 50-day simple moving average is $20.45 and its 200 day simple moving average is $12.69. Sony Group Co. has a 52-week low of $15.02 and a 52-week high of $22.71. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. The company has a market cap of $124.79 billion, a P/E ratio of 16.89, a P/E/G ratio of 12.41 and a beta of 0.95.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. TD Cowen lowered their price target on Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a report on Friday, October 11th. StockNews.com cut Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. Sanford C. Bernstein started coverage on shares of Sony Group in a research note on Thursday. They issued an “outperform” rating on the stock. Finally, Oppenheimer lowered their price objective on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average 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.