Synovus Financial Corp Acquires 29,548 Shares of Sony Corporation $SONY

Key Points

• Synovus Financial Corp has increased its holdings in Sony Corporation by 11.7%, acquiring an additional 29,548 shares, bringing their total to 281,443 shares worth approximately $7.15 million.
• Other institutional investors have also significantly increased their stakes in Sony, with Brighton Jones LLC increasing its stake by 422% and Barclays PLC by 2,071% in the last quarter.
• Sony's recent quarterly earnings showed an EPS of $0.30, surpassing estimates, but revenue fell short of analyst expectations, indicating mixed financial performance.

Synovus Financial Corp boosted its holdings in Sony Corporation (NYSE:SONY - Free Report) by 11.7% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 281,443 shares of the company's stock after acquiring an additional 29,548 shares during the quarter. Synovus Financial Corp's holdings in Sony were worth $7,146,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in SONY. Brighton Jones LLC increased its stake in Sony by 422.0% in the 4th quarter. Brighton Jones LLC now owns 19,908 shares of the company's stock worth $421,000 after acquiring an additional 16,094 shares during the last quarter. Barclays PLC increased its position in shares of Sony by 2,071.0% during the 4th quarter. Barclays PLC now owns 72,510 shares of the company's stock valued at $1,535,000 after purchasing an additional 69,170 shares during the last quarter. First Trust Advisors LP increased its position in shares of Sony by 1,421.1% during the 4th quarter. First Trust Advisors LP now owns 185,516 shares of the company's stock valued at $3,926,000 after purchasing an additional 173,320 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Sony by 404.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,765,343 shares of the company's stock valued at $58,515,000 after purchasing an additional 2,217,167 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of Sony by 585.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 37,781 shares of the company's stock valued at $799,000 after purchasing an additional 32,272 shares during the last quarter. 14.05% of the stock is currently owned by institutional investors.

Sony Price Performance

SONY opened at $28.5750 on Monday. The stock's 50 day simple moving average is $25.61 and its 200 day simple moving average is $24.98. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.09 and a quick ratio of 1.03. Sony Corporation has a 1 year low of $17.42 and a 1 year high of $29.16. The firm has a market cap of $172.81 billion, a price-to-earnings ratio of 22.68 and a beta of 0.91.

Sony (NYSE:SONY - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.30 earnings per share (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 business had revenue of $17.79 billion for the quarter, compared to analyst estimates 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. As a group, analysts predict that Sony Corporation will post 1.23 earnings per share for the current year.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Sony from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Sony presently has an average rating of "Buy" and a consensus target price of $28.00.

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.

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