Sony Group Co. (NYSE:SONY) Shares Acquired by Schroder Investment Management Group

Schroder Investment Management Group increased its position in shares of Sony Group Co. (NYSE:SONY) by 385.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,544 shares of the company’s stock after purchasing an additional 12,344 shares during the quarter. Schroder Investment Management Group’s holdings in Sony Group were worth $330,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Y.D. More Investments Ltd raised its stake in shares of Sony Group by 400.0% during the 4th quarter. Y.D. More Investments Ltd now owns 36,065 shares of the company’s stock valued at $763,000 after buying an additional 28,852 shares during the last quarter. Bfsg LLC purchased a new position in Sony Group during the fourth quarter valued at approximately $6,125,000. Fifth Third Bancorp lifted its holdings in Sony Group by 311.3% in the fourth quarter. Fifth Third Bancorp now owns 157,702 shares of the company’s stock valued at $3,337,000 after acquiring an additional 119,362 shares during the period. West Family Investments Inc. grew its stake 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 worth $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% in the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 40,336 shares of the company’s stock valued at $854,000 after purchasing an additional 32,725 shares during the period. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Sony Group Trading Up 0.4 %

SONY stock opened at $21.32 on Wednesday. The business’s 50-day moving average is $23.88 and its 200 day moving average is $20.69. Sony Group Co. has a 12-month low of $15.02 and a 12-month high of $25.78. The stock has a market cap of $128.91 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 9.95 and a beta of 0.94. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25.

Sony Group (NYSE:SONY) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.27 by $0.14. The firm 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, sell-side analysts anticipate that Sony Group Co. will post 1.23 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Sony Group Company 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.