Greenleaf Trust Increases Stock Holdings in Sony Group Co. (NYSE:SONY)

Greenleaf Trust grew its position in Sony Group Co. (NYSE:SONY) by 4.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 20,181 shares of the company’s stock after purchasing an additional 940 shares during the period. Greenleaf Trust’s holdings in Sony Group were worth $1,911,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in SONY. SG Americas Securities LLC increased its position in Sony Group by 2,317.1% during the 4th quarter. SG Americas Securities LLC now owns 54,143 shares of the company’s stock worth $5,127,000 after purchasing an additional 51,903 shares in the last quarter. Fifth Third Bancorp increased its position in Sony Group by 290.8% during the 4th quarter. Fifth Third Bancorp now owns 44,095 shares of the company’s stock worth $4,175,000 after purchasing an additional 32,811 shares in the last quarter. XY Capital Ltd purchased a new stake in Sony Group during the 3rd quarter worth about $876,000. Cerity Partners LLC increased its position in Sony Group by 103.2% during the 4th quarter. Cerity Partners LLC now owns 38,183 shares of the company’s stock worth $3,616,000 after purchasing an additional 19,395 shares in the last quarter. Finally, Bleakley Financial Group LLC increased its position in Sony Group by 25.3% during the 4th quarter. Bleakley Financial Group LLC now owns 7,178 shares of the company’s stock worth $680,000 after purchasing an additional 1,450 shares in the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SONY. Oppenheimer reiterated an “outperform” rating and set a $108.00 price objective on shares of Sony Group in a research report on Monday, February 26th. TheStreet upgraded Sony Group from a “c+” rating to a “b-” rating in a report on Thursday, January 11th. Macquarie cut Sony Group from an “outperform” rating to a “neutral” rating in a report on Thursday, February 15th. Finally, StockNews.com cut Sony Group from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $108.00.

Sony Group Stock Down 0.7 %

SONY opened at $81.30 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.69 and a quick ratio of 0.54. The stock has a market capitalization of $100.34 billion, a price-to-earnings ratio of 15.70 and a beta of 0.98. The business has a 50-day moving average of $86.77 and a two-hundred day moving average of $88.92. Sony Group Co. has a 12 month low of $79.62 and a 12 month high of $100.94.

Sony Group (NYSE:SONY) last released its quarterly earnings data on Wednesday, February 14th. The company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.32. The business had revenue of $25.38 billion for the quarter, compared to analyst estimates of $24.31 billion. Sony Group had a return on equity of 12.43% and a net margin of 7.62%. On average, research analysts expect that Sony Group Co. will post 5.21 earnings per share for the current year.

About Sony Group

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.