Grove Bank & Trust Acquires 5,445 Shares of Sony Group Co. (NYSE:SONY)

Grove Bank & Trust lifted its holdings in shares of Sony Group Co. (NYSE:SONY) by 357.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 6,970 shares of the company’s stock after purchasing an additional 5,445 shares during the period. Grove Bank & Trust’s holdings in Sony Group were worth $147,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blair William & Co. IL grew its holdings in Sony Group by 4.6% in the 2nd quarter. Blair William & Co. IL now owns 4,803 shares of the company’s stock worth $408,000 after acquiring an additional 212 shares during the last quarter. Hexagon Capital Partners LLC grew its holdings in Sony Group by 38.6% in the 3rd quarter. Hexagon Capital Partners LLC now owns 836 shares of the company’s stock worth $81,000 after acquiring an additional 233 shares during the last quarter. Wedmont Private Capital grew its holdings in Sony Group by 12.9% in the 3rd quarter. Wedmont Private Capital now owns 2,767 shares of the company’s stock worth $265,000 after acquiring an additional 316 shares during the last quarter. Itau Unibanco Holding S.A. grew its holdings in Sony Group by 14.7% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 4,176 shares of the company’s stock worth $355,000 after acquiring an additional 534 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Sony Group by 2.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 19,542 shares of the company’s stock worth $1,660,000 after acquiring an additional 549 shares during the last quarter. Institutional investors own 14.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SONY. Sanford C. Bernstein started coverage on shares of Sony Group in a report on Thursday, January 16th. They issued an “outperform” rating on the stock. StockNews.com cut shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Oppenheimer dropped their target price on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a research report on Tuesday, November 12th. Finally, TD Cowen dropped their target price on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a research report on Friday, October 11th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Sony Group currently has a consensus rating of “Buy” and an average target price of $24.00.

Sony Group Trading Up 1.5 %

Shares of NYSE SONY opened at $20.64 on Tuesday. Sony Group Co. has a 1 year low of $15.02 and a 1 year high of $22.71. The stock has a market cap of $124.79 billion, a P/E ratio of 16.89, a price-to-earnings-growth ratio of 12.41 and a beta of 0.95. The firm has a 50-day moving average of $20.48 and a 200 day moving average of $12.81. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49.

Sony Group Company 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.