Sony Group Co. (NYSE:SONY) Stock Position Boosted by Intrust Bank NA

Intrust Bank NA grew its stake in shares of Sony Group Co. (NYSE:SONY - Free Report) by 431.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,301 shares of the company's stock after acquiring an additional 47,324 shares during the period. Intrust Bank NA's holdings in Sony Group were worth $1,234,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of SONY. Charles Schwab Investment Management Inc. increased its holdings in shares of Sony Group by 25.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 79,211 shares of the company's stock valued at $7,649,000 after acquiring an additional 16,073 shares during the last quarter. Cynosure Group LLC acquired a new position in Sony Group in the third quarter worth $209,000. CreativeOne Wealth LLC bought a new stake in Sony Group during the third quarter valued at $201,000. Fiduciary Trust Co increased its stake in Sony Group by 13.4% during the third quarter. Fiduciary Trust Co now owns 4,965 shares of the company's stock valued at $479,000 after purchasing an additional 585 shares during the last quarter. Finally, Financial Counselors Inc. acquired a new stake in shares of Sony Group during the third quarter worth $203,000. Institutional investors own 14.05% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on SONY. Oppenheimer reaffirmed an "outperform" rating and issued a $33.00 price target (up from $25.00) on shares of Sony Group in a report on Thursday, February 20th. StockNews.com lowered Sony Group from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Sanford C. Bernstein initiated coverage on Sony Group in a research report on Thursday, January 16th. They set an "outperform" rating on the stock. Finally, The Goldman Sachs Group began coverage on Sony Group in a research report on Tuesday, March 25th. They set a "buy" rating for the company. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $28.00.

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Sony Group Stock Performance

Sony Group stock traded down $1.13 during midday trading on Thursday, reaching $23.71. 2,404,850 shares of the stock traded hands, compared to its average volume of 4,018,071. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week 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 has a market cap of $143.39 billion, a price-to-earnings ratio of 19.25, a PEG ratio of 9.95 and a beta of 0.91. The firm has a fifty day moving average price of $23.84 and a two-hundred day moving average price of $20.06.

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