Ethic Inc. Has $9.98 Million Position in Sony Group Co. (NYSE:SONY)

Ethic Inc. boosted its position in Sony Group Co. (NYSE:SONY) by 451.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 471,697 shares of the company’s stock after purchasing an additional 386,218 shares during the quarter. Ethic Inc.’s holdings in Sony Group were worth $9,981,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Fiduciary Trust Co increased its position in Sony Group by 488.7% during the 4th quarter. Fiduciary Trust Co now owns 29,227 shares of the company’s stock worth $618,000 after purchasing an additional 24,262 shares in the last quarter. Deutsche Bank AG boosted its position in shares of Sony Group by 370.9% during the 4th quarter. Deutsche Bank AG now owns 11,585 shares of the company’s stock valued at $245,000 after purchasing an additional 9,125 shares in the last quarter. Eagle Global Advisors LLC grew its position in shares of Sony Group by 402.9% during the 4th quarter. Eagle Global Advisors LLC now owns 333,745 shares of the company’s stock worth $7,062,000 after buying an additional 267,382 shares during the period. EP Wealth Advisors LLC increased its stake in Sony Group by 429.8% in the fourth quarter. EP Wealth Advisors LLC now owns 48,873 shares of the company’s stock valued at $1,034,000 after purchasing an additional 39,648 shares in the last quarter. Finally, Colonial Trust Co SC raised its stake in Sony Group by 418.1% during the 4th quarter. Colonial Trust Co SC now owns 2,953 shares of the company’s stock worth $62,000 after buying an additional 2,383 shares during the period. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sony Group Stock Performance

Shares of SONY stock opened at $24.46 on Friday. The stock has a market cap of $147.90 billion, a PE ratio of 19.85, a price-to-earnings-growth 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. Sony Group Co. has a 12 month low of $15.02 and a 12 month high of $26.08. The company’s fifty day moving average price is $24.21 and its 200-day moving average price is $22.06.

Sony Group (NYSE:SONY) last issued its 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. The business had revenue of $28.95 billion for 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%. On average, equities analysts expect that Sony Group Co. will post 1.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SONY has been the subject of a number of recent research reports. Sanford C. Bernstein started coverage on Sony Group in a report on Thursday, January 16th. They set an “outperform” rating for the company. Oppenheimer reiterated an “outperform” rating and issued a $33.00 target price (up from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Wolfe Research reissued a “peer perform” rating on shares of Sony Group in a report on Monday, April 7th. StockNews.com downgraded Sony Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, The Goldman Sachs Group initiated coverage on shares of Sony Group in a research note on Tuesday, March 25th. They set a “buy” rating for the company. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

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.