Schroder Investment Management Group Purchases 12,344 Shares of Sony Group Co. (NYSE:SONY)

Schroder Investment Management Group boosted its holdings in shares of Sony Group Co. (NYSE:SONY - Free Report) by 385.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,544 shares of the company's stock after buying an additional 12,344 shares during the quarter. Schroder Investment Management Group's holdings in Sony Group were worth $330,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Y.D. More Investments Ltd increased its holdings in Sony Group by 400.0% in the 4th quarter. Y.D. More Investments Ltd now owns 36,065 shares of the company's stock worth $763,000 after acquiring an additional 28,852 shares in the last quarter. Bfsg LLC bought a new position in shares of Sony Group in the fourth quarter worth approximately $6,125,000. Fifth Third Bancorp increased its stake in shares of Sony Group by 311.3% in the fourth quarter. Fifth Third Bancorp now owns 157,702 shares of the company's stock worth $3,337,000 after purchasing an additional 119,362 shares in the last quarter. West Family Investments Inc. raised its position in shares of Sony Group by 392.9% during the 4th quarter. West Family Investments Inc. now owns 26,725 shares of the company's stock valued at $566,000 after purchasing an additional 21,303 shares during the period. Finally, Mitchell & Pahl Private Wealth LLC lifted its stake in shares of Sony Group by 430.0% during the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 40,336 shares of the company's stock valued at $854,000 after buying an additional 32,725 shares in the last quarter. 14.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Sanford C. Bernstein assumed coverage on Sony Group in a research report 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 report on Tuesday, February 25th. Oppenheimer reissued an "outperform" rating and issued a $33.00 target price (up previously from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Wolfe Research restated a "peer perform" rating on shares of Sony Group in a research report on Monday, April 7th. Finally, The Goldman Sachs Group initiated coverage on Sony Group in a research report on Tuesday, March 25th. They issued a "buy" rating on the stock. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $28.00.

Sony Group Trading Up 2.1 %

Shares of NYSE:SONY traded up $0.49 during trading on Monday, reaching $23.43. The company's stock had a trading volume of 656,568 shares, compared to its average volume of 4,143,317. The stock has a market capitalization of $141.71 billion, a PE ratio of 18.97, a price-to-earnings-growth ratio of 9.95 and a beta of 0.94. Sony Group Co. has a 12 month low of $15.02 and a 12 month high of $25.78. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The firm's 50 day simple moving average is $23.94 and its two-hundred day simple moving average is $21.22.

Sony Group (NYSE:SONY - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.14. The business had revenue of $28.95 billion during the quarter, compared to analyst estimates of $24.32 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. On average, research analysts predict that Sony Group Co. will post 1.23 EPS for the current fiscal year.

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.