Savant Capital LLC bought a new stake in Sony Group Co. (NYSE:SONY - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 14,358 shares of the company's stock, valued at approximately $304,000.
Other institutional investors have also added to or reduced their stakes in the company. Fiduciary Trust Co lifted its holdings in shares of Sony Group by 13.4% during the third quarter. Fiduciary Trust Co now owns 4,965 shares of the company's stock worth $479,000 after purchasing an additional 585 shares during the period. First Horizon Advisors Inc. lifted its holdings in shares of Sony Group by 14.9% during the third quarter. First Horizon Advisors Inc. now owns 4,629 shares of the company's stock worth $447,000 after purchasing an additional 599 shares during the period. West Family Investments Inc. lifted its holdings in shares of Sony Group by 13.0% during the third quarter. West Family Investments Inc. now owns 5,422 shares of the company's stock worth $524,000 after purchasing an additional 623 shares during the period. Waldron Private Wealth LLC lifted its holdings in shares of Sony Group by 3.3% during the third quarter. Waldron Private Wealth LLC now owns 19,763 shares of the company's stock worth $1,909,000 after purchasing an additional 629 shares during the period. Finally, Brown Brothers Harriman & Co. lifted its holdings in shares of Sony Group by 106.2% during the third quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company's stock worth $134,000 after purchasing an additional 716 shares during the period. Institutional investors and hedge funds own 14.05% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts recently commented on SONY shares. StockNews.com downgraded Sony Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, November 19th. Sanford C. Bernstein initiated coverage on Sony Group in a research report on Thursday, January 16th. They set an "outperform" rating for the company. Finally, Oppenheimer reiterated an "outperform" rating and set a $33.00 price target (up from $25.00) on shares of Sony Group in a research report on Thursday. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $28.00.
Get Our Latest Stock Report on Sony Group
Sony Group Stock Performance
SONY stock traded down $0.12 during trading on Friday, hitting $24.81. 5,048,137 shares of the company traded hands, compared to its average volume of 3,950,445. The stock's 50-day simple moving average is $21.74 and its 200 day simple moving average is $15.86. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. The company has a market cap of $150.01 billion, a PE ratio of 20.13, a P/E/G ratio of 9.98 and a beta of 0.96. Sony Group Co. has a 1 year low of $15.02 and a 1 year high of $25.29.
Sony Group (NYSE:SONY - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.14. The business had revenue of $28.95 billion during the quarter, compared to analysts' expectations of $24.32 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. On average, equities analysts expect that Sony Group Co. will post 1.22 earnings per share for the current fiscal year.
About Sony Group
(
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.
Featured Stories
Before you consider Sony Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sony Group wasn't on the list.
While Sony Group currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
