Congress Wealth Management LLC DE Purchases 47,893 Shares of Sony Group Co. (NYSE:SONY)

Congress Wealth Management LLC DE boosted its position in Sony Group Co. (NYSE:SONY - Free Report) by 443.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 58,705 shares of the company's stock after buying an additional 47,893 shares during the quarter. Congress Wealth Management LLC DE's holdings in Sony Group were worth $1,242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in SONY. Fiduciary Trust Co grew its position in shares of Sony Group by 13.4% during the 3rd quarter. Fiduciary Trust Co now owns 4,965 shares of the company's stock valued at $479,000 after purchasing an additional 585 shares in the last quarter. Brown Brothers Harriman & Co. raised its stake in shares of Sony Group by 106.2% during the third quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company's stock worth $134,000 after acquiring an additional 716 shares in the last quarter. Coldstream Capital Management Inc. lifted its holdings in shares of Sony Group by 23.2% in the 3rd quarter. Coldstream Capital Management Inc. now owns 3,993 shares of the company's stock worth $352,000 after acquiring an additional 751 shares during the last quarter. FCA Corp TX lifted its holdings in shares of Sony Group by 22.5% in the 4th quarter. FCA Corp TX now owns 4,900 shares of the company's stock worth $104,000 after acquiring an additional 900 shares during the last quarter. Finally, Silicon Valley Capital Partners boosted its stake in shares of Sony Group by 401.3% in the 4th quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company's stock valued at $25,000 after purchasing an additional 927 shares in the last quarter. 14.05% of the stock is currently owned by institutional investors.

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Sony Group Stock Down 0.8 %

Shares of Sony Group stock traded down $0.21 on Tuesday, reaching $25.19. The company's stock had a trading volume of 10,215,774 shares, compared to its average volume of 4,016,075. The company has a market capitalization of $152.31 billion, a price-to-earnings ratio of 20.44, a P/E/G ratio of 9.95 and a beta of 0.91. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $25.78. The firm's fifty day simple moving average is $23.76 and its two-hundred day simple moving average is $20.02.

Sony Group (NYSE:SONY - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.27 by $0.14. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. The business had revenue of $28.95 billion during the quarter, compared to analyst estimates of $24.32 billion. Equities analysts anticipate that Sony Group Co. will post 1.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Sanford C. Bernstein initiated coverage on shares of Sony Group in a report on Thursday, January 16th. They set an "outperform" rating for the company. Oppenheimer reaffirmed an "outperform" rating and set a $33.00 target price (up previously from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. StockNews.com lowered Sony Group from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Finally, The Goldman Sachs Group initiated coverage on shares of Sony Group in a research report on Tuesday, March 25th. They set a "buy" rating on the stock. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $28.00.

About Sony Group

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.