Banco Santander S.A. bought a new position in Sony Group Co. (NYSE:SONY - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 32,600 shares of the company's stock, valued at approximately $690,000.
Other large investors also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its holdings in Sony Group by 5.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 27,295 shares of the company's stock worth $2,636,000 after acquiring an additional 1,504 shares during the last quarter. Assetmark Inc. grew its holdings in Sony Group by 4.1% in the 3rd quarter. Assetmark Inc. now owns 100,165 shares of the company's stock worth $9,673,000 after acquiring an additional 3,925 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in Sony Group by 39.2% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 103,473 shares of the company's stock worth $9,993,000 after acquiring an additional 29,165 shares during the last quarter. Delta Financial Advisors LLC bought a new stake in Sony Group in the 3rd quarter worth $202,000. Finally, Mizuho Markets Americas LLC bought a new stake in Sony Group in the 3rd quarter worth $324,000. Hedge funds and other institutional investors own 14.05% of the company's stock.
Sony Group Trading Down 1.1 %
Shares of SONY opened at $24.13 on Monday. The firm's 50-day moving average price is $22.45 and its 200-day moving average price is $17.52. The firm has a market capitalization of $145.90 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 9.95 and a beta of 0.91. 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 Co. has a 1-year low of $15.02 and a 1-year high of $25.64.
Sony Group (NYSE:SONY - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates 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 net margin of 8.21% and a return on equity of 14.10%. Sell-side analysts anticipate that Sony Group Co. will post 1.23 EPS for the current year.
Analyst Ratings Changes
SONY has been the topic of a number of recent analyst reports. Sanford C. Bernstein initiated coverage on shares of Sony Group in a report on Thursday, January 16th. They issued an "outperform" rating on the stock. 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. Finally, StockNews.com lowered shares of Sony Group from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $28.00.
View Our Latest Analysis on SONY
Sony Group Profile
(
Free Report)
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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