3 days Ago By ABMN Staff
Zions Bancorporation N.A. lowered its stake in shares of Sony Group Co.
( NYSE:SONY – Free Report ) by 25.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 570 shares of the company’s stock after selling 199 shares during the quarter.
Zions Bancorporation N.A.’s holdings in Sony Group were worth $48,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its holdings in shares of Sony Group by 107.
9% during the 4th quarter. Russell Investments Group Ltd. now owns 1,297 shares of the company’s stock worth $123,000 after purchasing an additional 673 shares in the last quarter.
9258 Wealth Management LLC acquired a new stake in Sony Group during the fourth quarter worth about $221,000. Dimensional Fund Advisors LP increased its holdings in Sony Group by 0.4% in the 4th quarter.
Dimensional Fund Advisors LP now owns 547,573 shares of the company’s stock valued at $51,850,000 after buying an additional 2,350 shares during the period. Janney Montgomery Scott LLC raised its position in shares of Sony Group by 9.6% in the 4th quarter.
Janney Montgomery Scott LLC now owns 28,513 shares of the company’s stock valued at $2,700,000 after buying an additional 2,498 shares in the last quarter. Finally, Beacon Pointe Advisors LLC lifted its holdings in shares of Sony Group by 1.1% during the 4th quarter.
Beacon Pointe Advisors LLC now owns 24,161 shares of the company’s stock worth $2,288,000 after acquiring an additional 269 shares during the period. Institutional investors own 14.05% of the company’s stock.
Analyst Ratings Changes Separately, StockNews.com cut shares of Sony Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock.
According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $108.00.
Sony Group Stock Performance Sony Group stock opened at $93.44 on Monday. The stock has a market cap of $115.
33 billion, a PE ratio of 17.18 and a beta of 0.95.
The company has a quick ratio of 0.47, a current ratio of 0.63 and a debt-to-equity ratio of 0.
26. Sony Group Co. has a 12-month low of $75.
11 and a 12-month high of $100.88. The business’s 50-day moving average price is $90.
96 and its two-hundred day moving average price is $86.38. Sony Group’s stock is set to split on Monday, September 30th.
The 5-1 split was announced on Tuesday, May 14th. The newly created shares will be issued to shareholders after the closing bell on Monday, September 30th. Sony Group ( NYSE:SONY – Get Free Report ) last announced its quarterly earnings results on Wednesday, August 7th.
The company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.
11. Sony Group had a return on equity of 12.82% and a net margin of 7.
59%. The firm had revenue of $19.32 billion for the quarter, compared to analyst estimates of $17.
42 billion. As a group, analysts expect that Sony Group Co. will post 5.
63 earnings per share for the current fiscal year. About Sony Group ( Free Report ) 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.
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