CENTRAL TRUST Co Acquires 1,750 Shares of Sony Group Co. (NYSE:SONY)

CENTRAL TRUST Co lifted its holdings in shares of Sony Group Co. (NYSE:SONY) by 892.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,946 shares of the company’s stock after purchasing an additional 1,750 shares during the period. CENTRAL TRUST Co’s holdings in Sony Group were worth $41,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fisher Asset Management LLC grew its holdings in Sony Group by 12.7% during the 3rd quarter. Fisher Asset Management LLC now owns 8,636,355 shares of the company’s stock worth $834,013,000 after acquiring an additional 972,075 shares during the last quarter. Cardinal Capital Management Inc. grew its stake in shares of Sony Group by 403.7% during the fourth quarter. Cardinal Capital Management Inc. now owns 1,606,160 shares of the company’s stock valued at $33,986,000 after purchasing an additional 1,287,259 shares during the last quarter. Mediolanum International Funds Ltd acquired a new stake in shares of Sony Group in the third quarter valued at approximately $109,462,000. Manning & Napier Advisors LLC raised its position in Sony Group by 356.8% in the 4th quarter. Manning & Napier Advisors LLC now owns 968,813 shares of the company’s stock worth $20,500,000 after purchasing an additional 756,705 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in Sony Group by 0.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 637,656 shares of the company’s stock worth $61,579,000 after buying an additional 2,974 shares in the last quarter. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on SONY shares. Sanford C. Bernstein assumed coverage on Sony Group in a research note on Thursday, January 16th. They issued an “outperform” rating for the company. StockNews.com lowered Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. TD Cowen dropped their price objective on Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a report on Friday, October 11th. Finally, Oppenheimer reduced their target price on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Sony Group has a consensus rating of “Buy” and a consensus target price of $24.00.

Sony Group Stock Up 1.8 %

Shares of Sony Group stock opened at $22.93 on Thursday. Sony Group Co. has a 12 month low of $15.02 and a 12 month high of $22.96. The business has a fifty day simple moving average of $21.13 and a 200 day simple moving average of $14.26. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The stock has a market cap of $138.64 billion, a PE ratio of 18.76, a price-to-earnings-growth ratio of 10.96 and a beta of 0.96.

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.