Sony Group Co. (NYSE:SONY) Holdings Lifted by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. increased its holdings in shares of Sony Group Co. (NYSE:SONY - Free Report) by 395.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 452,959 shares of the company's stock after purchasing an additional 361,459 shares during the period. Cullen Frost Bankers Inc.'s holdings in Sony Group were worth $9,585,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Silicon Valley Capital Partners lifted its holdings in Sony Group by 401.3% in the 4th quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company's stock worth $25,000 after buying an additional 927 shares in the last quarter. General Partner Inc. raised its stake in shares of Sony Group by 400.0% in the 4th quarter. General Partner Inc. now owns 1,245 shares of the company's stock valued at $26,000 after purchasing an additional 996 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in shares of Sony Group in the 4th quarter valued at about $26,000. Hilltop National Bank raised its stake in shares of Sony Group by 346.3% in the 4th quarter. Hilltop National Bank now owns 1,513 shares of the company's stock valued at $32,000 after purchasing an additional 1,174 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Sony Group by 400.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,505 shares of the company's stock valued at $32,000 after purchasing an additional 1,204 shares in the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Sanford C. Bernstein assumed coverage on shares of Sony Group in a research note on Thursday, January 16th. They issued an "outperform" rating on the stock. StockNews.com lowered shares of Sony Group from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Finally, Oppenheimer restated an "outperform" rating and issued a $33.00 target price (up previously from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $28.00.

Sony Group Stock Performance

SONY traded down $0.28 on Friday, hitting $24.13. 3,617,070 shares of the company's stock were exchanged, compared to its average volume of 3,647,513. The firm has a market cap of $145.90 billion, a PE ratio of 19.58, a P/E/G ratio of 9.95 and a beta of 0.91. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $25.64. The stock has a fifty day moving average of $22.45 and a two-hundred day moving average of $17.52. 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 - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, topping 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 net margin of 8.21% and a return on equity of 14.10%. On average, research analysts anticipate that Sony Group Co. will post 1.23 earnings per share for the current fiscal 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.