Comerica Bank Acquires 781 Shares of Sony Group Co. (NYSE:SONY)

Comerica Bank raised its holdings in shares of Sony Group Co. (NYSE:SONYGet Rating) by 3.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,690 shares of the company’s stock after acquiring an additional 781 shares during the quarter. Comerica Bank’s holdings in Sony Group were worth $1,673,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. BlackRock Inc. raised its holdings in Sony Group by 0.8% during the 1st quarter. BlackRock Inc. now owns 1,510,796 shares of the company’s stock valued at $155,174,000 after acquiring an additional 11,272 shares during the period. Clearbridge Investments LLC increased its holdings in shares of Sony Group by 1.8% in the second quarter. Clearbridge Investments LLC now owns 798,372 shares of the company’s stock worth $65,283,000 after purchasing an additional 14,222 shares during the period. Manning & Napier Group LLC increased its holdings in shares of Sony Group by 7.7% in the third quarter. Manning & Napier Group LLC now owns 786,026 shares of the company’s stock worth $50,343,000 after purchasing an additional 56,226 shares during the period. Mondrian Investment Partners LTD increased its holdings in shares of Sony Group by 17.1% in the second quarter. Mondrian Investment Partners LTD now owns 782,963 shares of the company’s stock worth $64,203,000 after purchasing an additional 114,096 shares during the period. Finally, Macquarie Group Ltd. increased its holdings in shares of Sony Group by 15.4% in the second quarter. Macquarie Group Ltd. now owns 743,786 shares of the company’s stock worth $60,819,000 after purchasing an additional 99,370 shares during the period. Institutional investors own 7.74% of the company’s stock.

Wall Street Analyst Weigh In

SONY has been the topic of a number of research analyst reports. TheStreet raised Sony Group from a “c+” rating to a “b-” rating in a research note on Monday, December 5th. Cowen reduced their target price on Sony Group from $144.00 to $102.00 in a research note on Wednesday, November 2nd. StockNews.com initiated coverage on Sony Group in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Cowen reduced their target price on Sony Group from $144.00 to $102.00 in a research note on Wednesday, November 2nd. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $109.67.

Sony Group Stock Performance

NYSE SONY opened at $89.29 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.58 and a debt-to-equity ratio of 0.19. The company has a 50-day simple moving average of $80.84 and a two-hundred day simple moving average of $77.99. The firm has a market cap of $110.45 billion, a price-to-earnings ratio of 14.64, a PEG ratio of 2.82 and a beta of 1.00. Sony Group Co. has a 12-month low of $61.72 and a 12-month high of $119.00.

Sony Group (NYSE:SONYGet Rating) last posted its earnings results on Tuesday, November 1st. The company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.47. The company had revenue of $19.93 billion during the quarter, compared to analyst estimates of $21.17 billion. Sony Group had a net margin of 9.05% and a return on equity of 12.23%. On average, equities analysts forecast that Sony Group Co. will post 5.27 EPS for the current year.

Sony Group Profile

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Sony Group Corp. engages in the development, design, manufacture, and sale of electronic equipment, instruments, devices, game consoles, and software for consumers, professionals and industrial markets. It operates through the following segments: Game and Network Services, Music, Pictures, Home Entertainment and Sound, Imaging Products and Solutions, Mobile Communications, Semiconductors, Financial Services, and Others.

Further Reading

Institutional Ownership by Quarter for Sony Group (NYSE:SONY)

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