Synovus Financial Corp Has $5.33 Million Stock Holdings in Sony Group Co. (NYSE:SONY)

Synovus Financial Corp boosted its holdings in shares of Sony Group Co. (NYSE:SONY - Free Report) by 398.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 251,895 shares of the company's stock after acquiring an additional 201,381 shares during the quarter. Synovus Financial Corp's holdings in Sony Group were worth $5,330,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Primecap Management Co. CA boosted its position in shares of Sony Group by 379.5% in the fourth quarter. Primecap Management Co. CA now owns 101,995,855 shares of the company's stock valued at $2,158,232,000 after acquiring an additional 80,724,932 shares during the period. Fisher Asset Management LLC lifted its stake in Sony Group by 425.9% during the fourth quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company's stock worth $961,089,000 after purchasing an additional 36,783,737 shares during the period. Mondrian Investment Partners LTD boosted its stake in Sony Group by 358.2% in the 4th quarter. Mondrian Investment Partners LTD now owns 10,138,119 shares of the company's stock valued at $223,039,000 after buying an additional 7,925,643 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Sony Group by 401.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 7,141,717 shares of the company's stock worth $151,119,000 after purchasing an additional 5,718,378 shares during the last quarter. Finally, Clearbridge Investments LLC increased its position in shares of Sony Group by 383.5% during the 4th quarter. Clearbridge Investments LLC now owns 5,929,924 shares of the company's stock worth $125,477,000 after purchasing an additional 4,703,571 shares in the last quarter. Institutional investors own 14.05% of the company's stock.

Sony Group Stock Up 2.8 %

SONY stock traded up $0.66 during mid-day trading on Friday, hitting $24.02. 4,549,476 shares of the company were exchanged, compared to its average volume of 4,155,448. The firm has a market cap of $145.23 billion, a P/E ratio of 19.49, a P/E/G ratio of 9.95 and a beta of 0.94. Sony Group Co. has a 1-year low of $15.02 and a 1-year high of $25.78. 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 firm's 50 day simple moving average is $24.01 and its 200 day simple moving average is $21.42.

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 the consensus estimate of $0.27 by $0.14. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. The business had revenue of $28.95 billion for the quarter, compared to analysts' expectations of $24.32 billion. On average, sell-side analysts predict that Sony Group Co. will post 1.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Wolfe Research restated a "peer perform" rating on shares of Sony Group in a research report on Monday, April 7th. StockNews.com lowered shares of Sony Group from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. The Goldman Sachs Group began coverage on shares of Sony Group in a report on Tuesday, March 25th. They issued a "buy" rating for the company. Sanford C. Bernstein assumed coverage on Sony Group in a report on Thursday, January 16th. They set an "outperform" rating on the stock. Finally, Oppenheimer restated an "outperform" rating and set a $33.00 target price (up previously from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $28.00.

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.