National Bank of Canada FI Has $318,000 Position in Sony Group Co. (NYSE:SONY)

National Bank of Canada FI cut its holdings in Sony Group Co. (NYSE:SONY) by 16.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,736 shares of the company’s stock after selling 751 shares during the quarter. National Bank of Canada FI’s holdings in Sony Group were worth $318,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Belpointe Asset Management LLC raised its stake in shares of Sony Group by 1.4% in the second quarter. Belpointe Asset Management LLC now owns 9,265 shares of the company’s stock worth $787,000 after acquiring an additional 128 shares during the last quarter. Naviter Wealth LLC increased its stake in Sony Group by 14.4% in the second quarter. Naviter Wealth LLC now owns 29,179 shares of the company’s stock valued at $2,479,000 after purchasing an additional 3,674 shares in the last quarter. Resonant Capital Advisors LLC lifted its holdings in Sony Group by 4.8% during the second quarter. Resonant Capital Advisors LLC now owns 3,217 shares of the company’s stock worth $273,000 after acquiring an additional 147 shares in the last quarter. Ritholtz Wealth Management increased its stake in Sony Group by 27.1% during the 2nd quarter. Ritholtz Wealth Management now owns 24,840 shares of the company’s stock worth $2,110,000 after purchasing an additional 5,296 shares in the last quarter. Finally, Sage Mountain Advisors LLC increased its position in shares of Sony Group by 7.4% during the second quarter. Sage Mountain Advisors LLC now owns 2,598 shares of the company’s stock worth $221,000 after acquiring an additional 178 shares in the last quarter. 14.05% of the stock is owned by institutional investors.

Sony Group Stock Performance

Shares of SONY stock opened at $93.43 on Friday. Sony Group Co. has a one year low of $75.11 and a one year high of $100.88. The stock has a market cap of $115.31 billion, a P/E ratio of 17.17 and a beta of 0.95. The company has a fifty day moving average price of $90.96 and a two-hundred day moving average price of $86.37. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.63 and a quick ratio of 0.47.

Sony Group shares are going to split on Monday, September 30th. The 5-1 split was announced on Tuesday, May 14th. The newly minted shares will be distributed to shareholders after the market closes on Monday, September 30th.

Sony Group (NYSE:SONY) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.11. Sony Group had a return on equity of 12.82% and a net margin of 7.59%. The firm had revenue of $19.32 billion for the quarter, compared to analyst estimates of $17.42 billion. As a group, equities analysts predict that Sony Group Co. will post 5.63 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com cut Sony Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $108.00.

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.