Sony Group Co. (NYSE:SONY) Shares Acquired by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky increased its position in shares of Sony Group Co. (NYSE:SONY) by 435.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 582,400 shares of the company’s stock after purchasing an additional 473,700 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Sony Group were worth $12,323,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of SONY. Y.D. More Investments Ltd boosted its position in shares of Sony Group by 400.0% in the 4th quarter. Y.D. More Investments Ltd now owns 36,065 shares of the company’s stock worth $763,000 after buying an additional 28,852 shares in the last quarter. Bfsg LLC acquired a new position in Sony Group during the fourth quarter worth about $6,125,000. Fifth Third Bancorp lifted its stake in Sony Group by 311.3% in the 4th quarter. Fifth Third Bancorp now owns 157,702 shares of the company’s stock valued at $3,337,000 after buying an additional 119,362 shares in the last quarter. West Family Investments Inc. lifted its position in shares of Sony Group by 392.9% in the fourth 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 in the last quarter. Finally, Mitchell & Pahl Private Wealth LLC boosted its stake in shares of 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 during the last quarter. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on SONY shares. The Goldman Sachs Group began coverage on Sony Group in a 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 research note on Monday, April 7th. Oppenheimer reissued 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. StockNews.com cut Sony Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, Sanford C. Bernstein began coverage on shares of Sony Group in a report on Thursday, January 16th. They set an “outperform” rating on the stock. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

Sony Group Stock Down 1.2 %

Shares of NYSE:SONY opened at $23.73 on Tuesday. Sony Group Co. has a 1 year low of $15.02 and a 1 year high of $25.78. The stock has a 50-day simple moving average of $24.08 and a 200-day simple moving average of $21.52. 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 stock has a market capitalization of $143.51 billion, a P/E ratio of 19.26, a PEG ratio of 9.95 and a beta of 0.94.

Sony Group (NYSE:SONY) last issued its earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, beating 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 business had revenue of $28.95 billion for the quarter, compared to the consensus estimate of $24.32 billion. Equities analysts forecast that Sony Group Co. will post 1.23 earnings per share for the current year.

Sony Group 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.