US Bancorp DE Has $14 Million Stock Holdings in Sony Group Co. (NYSE:SONY)

US Bancorp DE raised its holdings in Sony Group Co. (NYSE:SONY) by 419.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 661,811 shares of the company’s stock after purchasing an additional 534,354 shares during the quarter. US Bancorp DE’s holdings in Sony Group were worth $14,004,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Y.D. More Investments Ltd boosted its holdings in shares of Sony Group by 400.0% during the 4th quarter. Y.D. More Investments Ltd now owns 36,065 shares of the company’s stock valued at $763,000 after acquiring an additional 28,852 shares in the last quarter. Bfsg LLC acquired a new stake in shares of Sony Group during the 4th quarter valued at $6,125,000. Fifth Third Bancorp boosted its holdings in shares of Sony Group by 311.3% during the 4th quarter. Fifth Third Bancorp now owns 157,702 shares of the company’s stock valued at $3,337,000 after acquiring an additional 119,362 shares in the last quarter. Mitchell & Pahl Private Wealth LLC boosted its holdings in shares of Sony Group by 430.0% during the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 40,336 shares of the company’s stock valued at $854,000 after acquiring an additional 32,725 shares in the last quarter. Finally, One Wealth Advisors LLC boosted its holdings in shares of Sony Group by 400.9% during the 4th quarter. One Wealth Advisors LLC now owns 34,475 shares of the company’s stock valued at $729,000 after acquiring an additional 27,593 shares in the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sony Group Stock Down 1.8 %

Shares of NYSE:SONY opened at $24.59 on Tuesday. The firm has a market cap of $148.71 billion, a P/E ratio of 19.96, a P/E/G ratio of 9.95 and a beta of 0.96. The company has a quick ratio of 0.49, a current ratio of 0.66 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 $25.64. The business has a fifty day simple moving average of $22.20 and a 200 day simple moving average of $16.94.

Sony Group (NYSE:SONY) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.14. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. The firm had revenue of $28.95 billion during the quarter, compared to analyst estimates of $24.32 billion. Analysts predict that Sony Group Co. will post 1.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on SONY shares. Sanford C. Bernstein assumed coverage on Sony Group in a report on Thursday, January 16th. They set an “outperform” rating on the stock. Oppenheimer reaffirmed an “outperform” rating and set a $33.00 target price (up from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. Finally, StockNews.com lowered Sony Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $28.00.

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.