Focus Partners Advisor Solutions LLC Purchases 2,724 Shares of Sony Corporation $SONY

Focus Partners Advisor Solutions LLC boosted its position in Sony Corporation (NYSE:SONY) by 14.5% in the second quarter, Holdings Channel.com reports. The firm owned 21,567 shares of the company’s stock after buying an additional 2,724 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Sony were worth $560,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SONY. Wellington Management Group LLP bought a new position in Sony in the first quarter worth $78,905,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Sony by 4,056.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,973,638 shares of the company’s stock valued at $50,269,000 after acquiring an additional 1,926,156 shares in the last quarter. 1832 Asset Management L.P. increased its holdings in shares of Sony by 702.4% during the first quarter. 1832 Asset Management L.P. now owns 1,318,299 shares of the company’s stock valued at $33,472,000 after acquiring an additional 1,154,010 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Sony by 124.5% during the first quarter. Ameriprise Financial Inc. now owns 2,060,705 shares of the company’s stock valued at $52,814,000 after acquiring an additional 1,142,849 shares in the last quarter. Finally, Todd Asset Management LLC increased its holdings in shares of Sony by 59.2% during the first quarter. Todd Asset Management LLC now owns 1,515,899 shares of the company’s stock valued at $38,489,000 after acquiring an additional 563,802 shares in the last quarter. Institutional investors own 14.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SONY. Zacks Research upgraded Sony from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 16th. Weiss Ratings restated a “buy (b)” rating on shares of Sony in a report on Wednesday, October 8th. Finally, Cfra Research upgraded Sony to a “moderate buy” rating in a report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Sony presently has a consensus rating of “Buy” and a consensus target price of $33.00.

Sony Price Performance

NYSE SONY opened at $28.17 on Thursday. Sony Corporation has a one year low of $17.56 and a one year high of $30.28. The stock has a 50-day moving average of $28.75 and a 200 day moving average of $26.59. The company has a market capitalization of $170.33 billion, a price-to-earnings ratio of 22.35 and a beta of 0.95. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.03 and a current ratio of 1.09.

Sony (NYSE:SONY) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.24 by $0.06. Sony had a return on equity of 13.88% and a net margin of 9.14%.The company had revenue of $17.79 billion during the quarter, compared to the consensus estimate of $18.88 billion. During the same period last year, the company earned $189.90 EPS. Sony has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Sony Corporation will post 1.23 EPS for the current year.

Sony 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.