Hancock Whitney Corp Acquires 42,072 Shares of Sony Group Co. (NYSE:SONY)

Hancock Whitney Corp increased its position in shares of Sony Group Co. (NYSE:SONY - Free Report) by 437.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,688 shares of the company's stock after acquiring an additional 42,072 shares during the period. Hancock Whitney Corp's holdings in Sony Group were worth $1,094,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Y.D. More Investments Ltd lifted its stake in Sony Group by 400.0% during the fourth quarter. Y.D. More Investments Ltd now owns 36,065 shares of the company's stock worth $763,000 after purchasing an additional 28,852 shares during the last quarter. Bfsg LLC bought a new stake in Sony Group during the fourth quarter worth $6,125,000. Fifth Third Bancorp lifted its stake in Sony Group by 311.3% during 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 during the last quarter. Forum Financial Management LP lifted its stake in shares of Sony Group by 536.0% in the 4th quarter. Forum Financial Management LP now owns 115,250 shares of the company's stock valued at $2,439,000 after acquiring an additional 97,130 shares during the last quarter. Finally, West Family Investments Inc. lifted its stake in shares of Sony Group by 392.9% in the 4th quarter. West Family Investments Inc. now owns 26,725 shares of the company's stock valued at $566,000 after acquiring an additional 21,303 shares during the last quarter. 14.05% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on SONY. Sanford C. Bernstein began coverage on Sony Group in a research note on Thursday, January 16th. They issued an "outperform" rating for the company. Wolfe Research reiterated a "peer perform" rating on shares of Sony Group in a research note on Monday, April 7th. The Goldman Sachs Group began coverage on Sony Group in a research note on Tuesday, March 25th. They issued a "buy" rating for the company. StockNews.com cut Sony Group from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Finally, Oppenheimer reiterated an "outperform" rating and issued a $33.00 price target (up from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Two equities research 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's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $28.00.

Sony Group Stock Down 2.9 %

Shares of SONY stock traded down $0.76 on Thursday, reaching $25.25. 2,410,121 shares of the company were exchanged, compared to its average volume of 4,217,122. The company has a market cap of $152.67 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 9.95 and a beta of 0.94. The company has a 50-day moving average of $24.20 and a 200-day moving average of $21.79. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. Sony Group Co. has a one year low of $15.02 and a one year high of $26.16.

Sony Group (NYSE:SONY - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.14. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. The company had revenue of $28.95 billion for the quarter, compared to analysts' expectations of $24.32 billion. Analysts anticipate that Sony Group Co. will post 1.23 earnings per share for the current year.

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.