Banco Santander S.A. Lowers Stock Position in Sony Group Co. (NYSE:SONY)

Banco Santander S.A. reduced its position in shares of Sony Group Co. (NYSE:SONY - Free Report) by 61.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,120 shares of the company's stock after selling 6,700 shares during the quarter. Banco Santander S.A.'s holdings in Sony Group were worth $350,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Harding Loevner LP lifted its position in Sony Group by 2,206.6% during the 4th quarter. Harding Loevner LP now owns 2,280,016 shares of the company's stock worth $219,419,000 after acquiring an additional 2,181,169 shares during the period. Mondrian Investment Partners LTD increased its stake in Sony Group by 43.4% during the 1st quarter. Mondrian Investment Partners LTD now owns 2,558,527 shares of the company's stock worth $220,033,000 after buying an additional 774,502 shares in the last quarter. Fisher Asset Management LLC increased its stake in Sony Group by 5.7% during the 4th quarter. Fisher Asset Management LLC now owns 6,359,171 shares of the company's stock worth $602,150,000 after buying an additional 342,025 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Sony Group by 26.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,344,784 shares of the company's stock valued at $127,338,000 after purchasing an additional 277,537 shares in the last quarter. Finally, Manning & Napier Advisors LLC purchased a new stake in shares of Sony Group in the second quarter valued at approximately $18,567,000. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com cut Sony Group from a "buy" rating to a "hold" rating in a research note on Wednesday, August 21st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $108.00.

Sony Group Trading Up 0.8 %

SONY traded up $0.73 during trading on Friday, hitting $97.54. The company's stock had a trading volume of 400,863 shares, compared to its average volume of 840,572. The firm's 50 day moving average price is $88.79 and its 200-day moving average price is $86.06. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.63 and a quick ratio of 0.47. The stock has a market cap of $120.39 billion, a PE ratio of 17.93 and a beta of 0.94. Sony Group Co. has a twelve month low of $75.11 and a twelve month high of $100.88.

Sony Group's stock is going to split on Monday, September 30th. The 5-1 split was announced on Tuesday, May 14th. The newly issued shares will be issued to shareholders after the closing bell on Monday, September 30th.

Sony Group (NYSE:SONY - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.11. The firm had revenue of $19.32 billion during the quarter, compared to the consensus estimate of $17.42 billion. Sony Group had a return on equity of 12.82% and a net margin of 7.59%. On average, analysts expect that Sony Group Co. will post 5.68 earnings per share for the current 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.