Sony Group Co. (NYSE:SONY) Stake Raised by Truist Financial Corp

Truist Financial Corp boosted its stake in Sony Group Co. (NYSE:SONY - Free Report) by 27.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 101,448 shares of the company's stock after acquiring an additional 22,072 shares during the period. Truist Financial Corp's holdings in Sony Group were worth $9,606,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its position in Sony Group by 2,317.1% in the 4th quarter. SG Americas Securities LLC now owns 54,143 shares of the company's stock valued at $5,127,000 after acquiring an additional 51,903 shares during the period. Fifth Third Bancorp increased its position in Sony Group by 290.8% during the 4th quarter. Fifth Third Bancorp now owns 44,095 shares of the company's stock worth $4,175,000 after purchasing an additional 32,811 shares during the period. Cerity Partners LLC increased its position in Sony Group by 103.2% during the 4th quarter. Cerity Partners LLC now owns 38,183 shares of the company's stock worth $3,616,000 after purchasing an additional 19,395 shares during the period. XY Capital Ltd acquired a new position in Sony Group during the 3rd quarter worth approximately $876,000. Finally, Bleakley Financial Group LLC increased its position in Sony Group by 25.3% during the 4th quarter. Bleakley Financial Group LLC now owns 7,178 shares of the company's stock worth $680,000 after purchasing an additional 1,450 shares during the period. Institutional investors and hedge funds own 14.05% of the company's stock.

Analysts Set New Price Targets

SONY has been the topic of several recent analyst reports. Oppenheimer reiterated an "outperform" rating and set a $108.00 target price on shares of Sony Group in a research report on Monday, February 26th. Macquarie cut Sony Group from an "outperform" rating to a "neutral" rating in a report on Thursday, February 15th. StockNews.com cut Sony Group from a "buy" rating to a "hold" rating in a report on Monday, April 8th. Finally, TheStreet upgraded Sony Group from a "c+" rating to a "b-" rating in a report on Thursday, January 11th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $108.00.

Sony Group Price Performance

SONY stock traded up $0.46 on Friday, reaching $84.54. The company had a trading volume of 631,098 shares, compared to its average volume of 759,683. Sony Group Co. has a 1 year low of $79.62 and a 1 year high of $100.94. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.54 and a current ratio of 0.69. The company's fifty day moving average is $85.31 and its 200 day moving average is $88.79. The company has a market cap of $104.34 billion, a P/E ratio of 16.30 and a beta of 0.95.

Sony Group (NYSE:SONY - Get Free Report) last posted its earnings results on Wednesday, February 14th. The company reported $2.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.68 by $0.32. Sony Group had a return on equity of 12.43% and a net margin of 7.62%. The firm had revenue of $25.38 billion for the quarter, compared to analyst estimates of $24.31 billion. On average, research analysts forecast that Sony Group Co. will post 5.22 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.