Dorsey & Whitney Trust CO LLC Increases Stake in Sony Group Co. (NYSE:SONY)

Dorsey & Whitney Trust CO LLC lifted its stake in shares of Sony Group Co. (NYSE:SONY) by 394.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,235 shares of the company’s stock after acquiring an additional 54,441 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Sony Group were worth $1,444,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Y.D. More Investments Ltd increased its position in Sony Group by 400.0% during the 4th 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 in the last quarter. Bfsg LLC acquired a new stake in Sony Group during the 4th quarter worth approximately $6,125,000. Fifth Third Bancorp increased its position in Sony Group by 311.3% during the 4th 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 in the last quarter. Mitchell & Pahl Private Wealth LLC increased its position in Sony Group by 430.0% during the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 40,336 shares of the company’s stock worth $854,000 after purchasing an additional 32,725 shares in the last quarter. Finally, One Wealth Advisors LLC increased its position in Sony Group by 400.9% during the 4th quarter. One Wealth Advisors LLC now owns 34,475 shares of the company’s stock worth $729,000 after purchasing an additional 27,593 shares in the last quarter. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on SONY. Oppenheimer reaffirmed an “outperform” rating and issued a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. StockNews.com cut Sony Group from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, Sanford C. Bernstein began coverage on Sony Group in a research note on Thursday, January 16th. They issued an “outperform” rating on the stock. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Sony Group has an average rating of “Buy” and a consensus target price of $28.00.

Sony Group Trading Down 1.1 %

Shares of SONY opened at $24.13 on Friday. The business’s 50-day moving average price is $22.45 and its 200 day moving average price is $17.43. The stock has a market capitalization of $145.90 billion, a P/E ratio of 19.58, a P/E/G ratio of 9.95 and a beta of 0.91. Sony Group Co. has a 1-year low of $15.02 and a 1-year high of $25.64. 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 announced its quarterly earnings data on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.14. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. The firm had revenue of $28.95 billion during the quarter, compared to analyst estimates of $24.32 billion. Analysts expect 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.