Stifel Financial Corp Buys 866,831 Shares of Sony Group Co. (NYSE:SONY)

Stifel Financial Corp boosted its stake in shares of Sony Group Co. (NYSE:SONY - Free Report) by 393.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,087,293 shares of the company's stock after purchasing an additional 866,831 shares during the period. Stifel Financial Corp's holdings in Sony Group were worth $23,007,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of SONY. Y.D. More Investments Ltd lifted its position in shares of Sony Group by 400.0% in the fourth quarter. Y.D. More Investments Ltd now owns 36,065 shares of the company's stock valued at $763,000 after acquiring an additional 28,852 shares in the last quarter. Bfsg LLC bought a new position in Sony Group in the 4th quarter worth approximately $6,125,000. Fifth Third Bancorp grew its holdings in Sony Group by 311.3% during the 4th quarter. Fifth Third Bancorp now owns 157,702 shares of the company's stock valued at $3,337,000 after buying an additional 119,362 shares in the last quarter. Forum Financial Management LP lifted its holdings in shares of Sony Group by 536.0% in the fourth quarter. Forum Financial Management LP now owns 115,250 shares of the company's stock worth $2,439,000 after buying an additional 97,130 shares in the last quarter. Finally, West Family Investments Inc. boosted its position in shares of Sony Group by 392.9% during the fourth quarter. West Family Investments Inc. now owns 26,725 shares of the company's stock worth $566,000 after acquiring an additional 21,303 shares during the last quarter. Hedge funds and other institutional investors own 14.05% of the company's stock.

Sony Group Trading Up 1.7 %

SONY stock traded up $0.44 during mid-day trading on Tuesday, reaching $25.72. 5,830,903 shares of the stock traded hands, compared to its average volume of 4,200,682. Sony Group Co. has a one year low of $15.02 and a one year high of $25.90. The stock has a market capitalization of $155.52 billion, a PE ratio of 20.86, a PEG ratio of 9.95 and a beta of 0.94. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. The business has a 50-day moving average price of $24.16 and a two-hundred day moving average price of $21.73.

Sony Group (NYSE:SONY - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.27 by $0.14. The company had revenue of $28.95 billion for the quarter, compared to the consensus estimate of $24.32 billion. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. Equities research analysts expect that Sony Group Co. will post 1.23 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SONY. Wolfe Research reiterated a "peer perform" rating on shares of Sony Group in a research note on Monday, April 7th. Oppenheimer reaffirmed an "outperform" rating and issued a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Sanford C. Bernstein assumed coverage on shares of Sony Group in a research report on Thursday, January 16th. They issued an "outperform" rating on the stock. The Goldman Sachs Group began coverage on shares of Sony Group in a research note on Tuesday, March 25th. They issued a "buy" rating for the company. Finally, StockNews.com cut shares of Sony Group from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $28.00.

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.