Teachers Retirement System of The State of Kentucky Buys 473,700 Shares of Sony Group Co. (NYSE:SONY)

Teachers Retirement System of The State of Kentucky increased its position in Sony Group Co. (NYSE:SONY - Free Report) by 435.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 582,400 shares of the company's stock after purchasing an additional 473,700 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Sony Group were worth $12,323,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of SONY. M&T Bank Corp lifted its holdings in shares of Sony Group by 1.9% in the 3rd quarter. M&T Bank Corp now owns 80,858 shares of the company's stock worth $7,808,000 after purchasing an additional 1,489 shares in the last quarter. World Investment Advisors LLC purchased a new stake in Sony Group in the 3rd quarter valued at $2,073,000. Wilmington Savings Fund Society FSB purchased a new stake in Sony Group in the 3rd quarter valued at $287,000. Tidal Investments LLC purchased a new stake in Sony Group in the 3rd quarter valued at $244,000. Finally, Synovus Financial Corp raised its position in Sony Group by 2.4% in the 3rd quarter. Synovus Financial Corp now owns 50,514 shares of the company's stock valued at $4,878,000 after buying an additional 1,177 shares during the last quarter. 14.05% of the stock is currently owned by institutional investors.

Sony Group Price Performance

NYSE SONY traded down $0.16 during trading hours on Friday, hitting $24.96. The company had a trading volume of 2,602,143 shares, compared to its average volume of 4,174,612. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $25.78. The firm has a 50 day simple moving average of $24.15 and a 200 day simple moving average of $21.69. 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 has a market capitalization of $150.95 billion, a price-to-earnings ratio of 20.26, a PEG ratio of 9.95 and a beta of 0.94.

Sony Group (NYSE:SONY - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (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 during the quarter, compared to analyst estimates of $24.32 billion. Equities research analysts expect that Sony Group Co. will post 1.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SONY has been the subject of several research analyst reports. Sanford C. Bernstein initiated coverage on Sony Group in a research report on Thursday, January 16th. They set an "outperform" rating for the company. Wolfe Research reaffirmed a "peer perform" rating on shares of Sony Group in a research report on Monday, April 7th. Oppenheimer reaffirmed an "outperform" rating and set a $33.00 target price (up from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. StockNews.com lowered Sony Group from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Finally, The Goldman Sachs Group initiated coverage on Sony Group in a research report on Tuesday, March 25th. They set a "buy" rating for the company. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target 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.