OneAscent Financial Services LLC Purchases 9,232 Shares of Sony Group Co. (NYSE:SONY)

OneAscent Financial Services LLC boosted its holdings in shares of Sony Group Co. (NYSE:SONY) by 429.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,384 shares of the company’s stock after acquiring an additional 9,232 shares during the period. OneAscent Financial Services LLC’s holdings in Sony Group were worth $241,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Primecap Management Co. CA lifted its position in Sony Group by 379.5% in the 4th quarter. Primecap Management Co. CA now owns 101,995,855 shares of the company’s stock valued at $2,158,232,000 after acquiring an additional 80,724,932 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of Sony Group by 425.9% in the 4th quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company’s stock valued at $961,089,000 after purchasing an additional 36,783,737 shares during the period. Mondrian Investment Partners LTD lifted its holdings in shares of Sony Group by 358.2% in the fourth quarter. Mondrian Investment Partners LTD now owns 10,138,119 shares of the company’s stock valued at $223,039,000 after purchasing an additional 7,925,643 shares in the last quarter. Clearbridge Investments LLC boosted its position in shares of Sony Group by 383.5% during the fourth quarter. Clearbridge Investments LLC now owns 5,929,924 shares of the company’s stock worth $125,477,000 after buying an additional 4,703,571 shares during the period. Finally, Sei Investments Co. grew its holdings in shares of Sony Group by 362.7% during the fourth quarter. Sei Investments Co. now owns 3,245,587 shares of the company’s stock worth $68,677,000 after buying an additional 2,544,193 shares in the last quarter. 14.05% of the stock is currently owned by institutional investors.

Sony Group Stock Performance

Shares of SONY stock opened at $21.81 on Friday. The company has a fifty day moving average price of $23.90 and a two-hundred day moving average price of $20.20. Sony Group Co. has a one year low of $15.02 and a one year high of $25.78. The stock has a market cap of $131.90 billion, a P/E ratio of 17.70, a P/E/G ratio of 9.95 and a beta of 0.94. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49.

Sony Group (NYSE:SONY) last issued its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.14. The business had revenue of $28.95 billion during the quarter, compared to the consensus estimate of $24.32 billion. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. As a group, equities analysts predict that Sony Group Co. will post 1.23 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on SONY shares. The Goldman Sachs Group began coverage on Sony Group in a research report on Tuesday, March 25th. They set a “buy” rating for the company. Sanford C. Bernstein began coverage on shares of Sony Group in a research report on Thursday, January 16th. They issued an “outperform” rating for the company. StockNews.com lowered shares of Sony Group from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, Oppenheimer restated an “outperform” rating and issued a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a report on Thursday, February 20th. One investment 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $28.00.

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.