Bray Capital Advisors Increases Stake in Sony Group Co. (NYSE:SONY)

Bray Capital Advisors raised its stake in shares of Sony Group Co. (NYSE:SONY) by 400.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 60,450 shares of the company’s stock after acquiring an additional 48,360 shares during the period. Bray Capital Advisors’ holdings in Sony Group were worth $1,279,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Fiduciary Trust Co lifted its position in Sony Group by 13.4% in the third quarter. Fiduciary Trust Co now owns 4,965 shares of the company’s stock worth $479,000 after buying an additional 585 shares during the last quarter. First Horizon Advisors Inc. lifted its position in Sony Group by 14.9% in the third quarter. First Horizon Advisors Inc. now owns 4,629 shares of the company’s stock worth $447,000 after buying an additional 599 shares during the last quarter. West Family Investments Inc. lifted its position in Sony Group by 13.0% in the third quarter. West Family Investments Inc. now owns 5,422 shares of the company’s stock worth $524,000 after buying an additional 623 shares during the last quarter. Brown Brothers Harriman & Co. lifted its position in Sony Group by 106.2% in the third quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company’s stock worth $134,000 after buying an additional 716 shares during the last quarter. Finally, Coldstream Capital Management Inc. lifted its position in Sony Group by 23.2% in the third quarter. Coldstream Capital Management Inc. now owns 3,993 shares of the company’s stock worth $352,000 after buying an additional 751 shares during the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on SONY shares. StockNews.com downgraded Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Oppenheimer restated an “outperform” rating and issued a $33.00 price target (up from $25.00) on shares of Sony Group in a research report on Thursday. Finally, Sanford C. Bernstein initiated coverage on Sony Group in a research report on Thursday, January 16th. They set an “outperform” rating for the company. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Sony Group presently has a consensus rating of “Buy” and an average price target of $28.00.

Sony Group Stock Up 0.8 %

NYSE:SONY opened at $24.93 on Friday. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $24.95. The company has a market cap of $150.74 billion, a price-to-earnings ratio of 20.23, a price-to-earnings-growth ratio of 9.98 and a beta of 0.96. The stock has a fifty day simple moving average of $21.68 and a 200-day simple moving average of $15.71. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25.

Sony Group (NYSE:SONY) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.27 by $0.14. The firm had revenue of $28.95 billion for the quarter, compared to analyst estimates of $24.32 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. Analysts anticipate that Sony Group Co. will post 1.22 EPS for the current year.

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.