Captrust Financial Advisors Boosts Stock Holdings in Sony Group Co. (NYSE:SONY)

Captrust Financial Advisors lifted its position in Sony Group Co. (NYSE:SONY) by 334.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 153,480 shares of the company’s stock after acquiring an additional 118,188 shares during the period. Captrust Financial Advisors’ holdings in Sony Group were worth $3,248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Silicon Valley Capital Partners grew its holdings in shares of Sony Group by 401.3% during the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock worth $25,000 after buying an additional 927 shares in the last quarter. Capital Analysts LLC raised its holdings in Sony Group by 400.0% in the 4th quarter. Capital Analysts LLC now owns 1,170 shares of the company’s stock valued at $25,000 after acquiring an additional 936 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new position in Sony Group in the 4th quarter worth approximately $26,000. Fairscale Capital LLC boosted its holdings in shares of Sony Group by 400.0% during the 4th quarter. Fairscale Capital LLC now owns 1,240 shares of the company’s stock worth $26,000 after purchasing an additional 992 shares during the last quarter. Finally, Accent Capital Management LLC grew its position in shares of Sony Group by 400.0% in the fourth quarter. Accent Capital Management LLC now owns 1,380 shares of the company’s stock valued at $29,000 after purchasing an additional 1,104 shares in the last quarter. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Sony Group Stock Up 1.0 %

Shares of NYSE SONY opened at $24.70 on Friday. Sony Group Co. has a 12-month low of $15.19 and a 12-month high of $26.08. The stock has a market cap of $149.38 billion, a P/E ratio of 20.05, a PEG ratio of 9.95 and a beta of 0.97. 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 business’s fifty day simple moving average is $24.22 and its 200-day simple moving average is $22.14.

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. The business had revenue of $28.95 billion during the quarter, compared to the consensus estimate of $24.32 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. As a group, equities analysts predict that Sony Group Co. will post 1.23 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on SONY shares. Sanford C. Bernstein started coverage on Sony Group in a research note on Thursday, January 16th. They set an “outperform” rating on the stock. StockNews.com lowered shares of Sony Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. 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. The Goldman Sachs Group assumed coverage on shares of Sony Group in a report on Tuesday, March 25th. They set a “buy” rating for the company. Finally, Wolfe Research reiterated a “peer perform” rating on shares of Sony Group in a report on Monday, April 7th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $28.00.

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.