BTC Capital Management Inc. Has $1.13 Million Holdings in Sony Group Co. (NYSE:SONY)

BTC Capital Management Inc. cut its stake in Sony Group Co. (NYSE:SONY) by 3.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,500 shares of the company’s stock after selling 397 shares during the period. BTC Capital Management Inc.’s holdings in Sony Group were worth $1,127,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SONY. Fiduciary Trust Co. raised its holdings in Sony Group by 4.0% in the 1st quarter. Fiduciary Trust Co. now owns 2,871 shares of the company’s stock valued at $260,000 after acquiring an additional 110 shares during the period. Lindbrook Capital LLC raised its holdings in Sony Group by 2.6% in the 1st quarter. Lindbrook Capital LLC now owns 4,500 shares of the company’s stock valued at $408,000 after acquiring an additional 112 shares during the period. Gallacher Capital Management LLC raised its holdings in Sony Group by 3.4% in the 1st quarter. Gallacher Capital Management LLC now owns 3,699 shares of the company’s stock valued at $335,000 after acquiring an additional 122 shares during the period. Greenleaf Trust raised its holdings in Sony Group by 0.6% in the 1st quarter. Greenleaf Trust now owns 19,202 shares of the company’s stock valued at $1,741,000 after acquiring an additional 124 shares during the period. Finally, Hancock Whitney Corp grew its position in shares of Sony Group by 1.9% during the 1st quarter. Hancock Whitney Corp now owns 6,506 shares of the company’s stock worth $590,000 after purchasing an additional 124 shares in the last quarter. 8.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. TheStreet lowered shares of Sony Group from a “b-” rating to a “c+” rating in a research report on Wednesday, August 16th. StockNews.com assumed coverage on shares of Sony Group in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Finally, The Goldman Sachs Group upgraded shares of Sony Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 12th.

Sony Group Price Performance

SONY stock opened at $86.80 on Tuesday. The company has a fifty day moving average price of $87.57 and a 200-day moving average price of $90.49. The company has a market capitalization of $107.11 billion, a P/E ratio of 15.87, a PEG ratio of 3.66 and a beta of 1.04. Sony Group Co. has a 52-week low of $61.72 and a 52-week high of $100.94. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.47 and a current ratio of 0.65.

Sony Group 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.