Sony Group (NYSE:SONY) Shares Scheduled to Split on Monday, September 30th

Shares of Sony Group Co. (NYSE:SONY - Free Report) are scheduled to split on the morning of Monday, September 30th. The 5-1 split was announced on Tuesday, May 14th. The newly created shares will be distributed to shareholders after the closing bell on Monday, September 30th.

Sony Group Price Performance

Shares of NYSE:SONY traded down $0.18 on Friday, hitting $93.44. The company's stock had a trading volume of 348,243 shares, compared to its average volume of 828,006. The company has a market capitalization of $115.33 billion, a PE ratio of 17.18 and a beta of 0.95. 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 company has a 50-day simple moving average of $90.96 and a 200 day simple moving average of $86.37. Sony Group has a 1 year low of $75.11 and a 1 year high of $100.88.

Sony Group (NYSE:SONY - Get Free Report) last announced its 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 business had revenue of $19.32 billion during the quarter, compared to analyst estimates of $17.42 billion. Sony Group had a net margin of 7.59% and a return on equity of 12.82%. Sell-side analysts forecast that Sony Group will post 5.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Sony Group from a "buy" rating to a "hold" rating in a research note on Wednesday, August 21st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $108.00.

Institutional Trading of Sony Group

Large investors have recently bought and sold shares of the company. Brown Brothers Harriman & Co. boosted its holdings in shares of Sony Group by 16.6% during the 4th quarter. Brown Brothers Harriman & Co. now owns 786 shares of the company's stock valued at $74,000 after buying an additional 112 shares in the last quarter. American National Bank boosted its stake in Sony Group by 11.3% during the second quarter. American National Bank now owns 1,172 shares of the company's stock worth $100,000 after acquiring an additional 119 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in Sony Group by 1.5% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 8,656 shares of the company's stock worth $735,000 after purchasing an additional 124 shares during the period. Hexagon Capital Partners LLC increased its stake in shares of Sony Group by 20.6% during the first quarter. Hexagon Capital Partners LLC now owns 749 shares of the company's stock valued at $64,000 after purchasing an additional 128 shares in the last quarter. Finally, Belpointe Asset Management LLC increased its stake in shares of Sony Group by 1.4% during the second quarter. Belpointe Asset Management LLC now owns 9,265 shares of the company's stock valued at $787,000 after purchasing an additional 128 shares in the last quarter. 14.05% of the stock is owned by institutional investors.

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.