M&T Bank Corp Has $7.81 Million Stock Position in Sony Group Co. (NYSE:SONY)

M&T Bank Corp boosted its holdings in shares of Sony Group Co. (NYSE:SONY) by 1.9% in the third quarter, HoldingsChannel reports. The fund owned 80,858 shares of the company’s stock after buying an additional 1,489 shares during the quarter. M&T Bank Corp’s holdings in Sony Group were worth $7,808,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Sony Group by 1.5% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 8,656 shares of the company’s stock worth $735,000 after purchasing an additional 124 shares during the period. Belpointe Asset Management LLC grew its holdings in shares of Sony Group by 1.4% during the 2nd quarter. Belpointe Asset Management LLC now owns 9,265 shares of the company’s stock valued at $787,000 after acquiring an additional 128 shares in the last quarter. Wealth Alliance increased its stake in shares of Sony Group by 1.2% in the second quarter. Wealth Alliance now owns 11,977 shares of the company’s stock worth $1,017,000 after acquiring an additional 141 shares during the last quarter. Johnson Investment Counsel Inc. raised its holdings in shares of Sony Group by 1.8% during the second quarter. Johnson Investment Counsel Inc. now owns 8,346 shares of the company’s stock worth $709,000 after acquiring an additional 146 shares in the last quarter. Finally, Resonant Capital Advisors LLC boosted its position in Sony Group by 4.8% during the second quarter. Resonant Capital Advisors LLC now owns 3,217 shares of the company’s stock valued at $273,000 after purchasing an additional 147 shares during the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Sony Group Stock Up 1.7 %

SONY opened at $21.02 on Monday. The firm has a market cap of $127.12 billion, a P/E ratio of 17.20, a price-to-earnings-growth ratio of 13.74 and a beta of 0.98. 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 business has a 50 day moving average price of $19.36 and a 200 day moving average price of $10.18. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $22.71.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SONY. Daiwa America raised Sony Group to a “strong-buy” rating in a research report on Wednesday, September 18th. Oppenheimer cut their price objective on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 12th. StockNews.com downgraded shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Finally, TD Cowen cut their price target on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a report on Friday, October 11th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $24.00.

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.