Stifel Financial Corp Grows Stock Position in Sony Group Co. (NYSE:SONY)

Stifel Financial Corp increased its stake in Sony Group Co. (NYSE:SONY - Free Report) by 393.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,087,293 shares of the company's stock after buying an additional 866,831 shares during the quarter. Stifel Financial Corp's holdings in Sony Group were worth $23,007,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of SONY. TD Waterhouse Canada Inc. raised its holdings in shares of Sony Group by 635.4% in the fourth quarter. TD Waterhouse Canada Inc. now owns 4,096 shares of the company's stock worth $87,000 after buying an additional 3,539 shares during the period. Tower Research Capital LLC TRC increased its stake in Sony Group by 585.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 37,781 shares of the company's stock worth $799,000 after purchasing an additional 32,272 shares during the period. Teachers Retirement System of The State of Kentucky lifted its position in shares of Sony Group by 435.8% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 582,400 shares of the company's stock worth $12,323,000 after purchasing an additional 473,700 shares during the last quarter. MML Investors Services LLC boosted its stake in shares of Sony Group by 448.6% during the fourth quarter. MML Investors Services LLC now owns 346,177 shares of the company's stock valued at $7,325,000 after purchasing an additional 283,075 shares during the period. Finally, Capital International Inc. CA grew its holdings in shares of Sony Group by 596.5% in the fourth quarter. Capital International Inc. CA now owns 48,812 shares of the company's stock worth $1,033,000 after purchasing an additional 41,804 shares during the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Sony Group Stock Up 0.2 %

Shares of SONY traded up $0.05 during trading hours on Wednesday, hitting $25.80. The company had a trading volume of 1,576,240 shares, compared to its average volume of 4,197,673. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $156.05 billion, a PE ratio of 20.92, a price-to-earnings-growth ratio of 9.95 and a beta of 0.94. Sony Group Co. has a one year low of $15.02 and a one year high of $26.40. The company's fifty day moving average price is $24.18 and its two-hundred day moving average price is $21.76.

Sony Group (NYSE:SONY - Get Free Report) last released its quarterly earnings results 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 during the quarter, compared to analyst estimates of $24.32 billion. As a group, equities analysts forecast that Sony Group Co. will post 1.23 earnings per share for the current fiscal year.

About Sony Group

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.