The most recent disclosure that Truist Financial Corp. made with the SEC indicated that the company decreased its holdings in Sony Group Co. (NYSE: SONY) during the third quarter by 10.8 percent. Following the sale of 9,905 shares of the company during the period under review, the total number of shares held by the fund has increased to 82,191 units. The most recent disclosure that Truist Financial Corporation made with the SEC indicated that the value of its shareholding in Sony Group was $5,264,000. Truist Financial Corporation provided this information.
A variety of other hedge funds have, in recent times, made modifications to the portion of their portfolios that is comprised of Sony-related holdings. During the first three months of 2018, BlackRock Inc. increased the amount of Sony Group stock owned by 0.8%, bringing the total to 1.4%. At the moment, BlackRock Inc. is the owner of 1,510,796 shares. The value of these shares is currently $155,174,000. This is a direct result of the additional 11,272 shares that were purchased during the most recent quarter of the fiscal year. Clearbridge Investments LLC increased its stake in Sony Group by 1.8% during the second quarter by purchasing additional shares of the company’s stock. Clearbridge Investments LLC now has a total of 798,372 shares of the company’s stock, which is equivalent to a value of $65,283,000 following the purchase of an additional 14,222 shares during the preceding quarter. A 7.7% increase in the proportion of Sony Group stock owned by Manning & Napier Group LLC was accomplished during the company’s third fiscal quarter. After acquiring 56,226 additional shares during the most recent quarter, Manning & Napier Group LLC now holds 786,026 shares of the company’s stock, valued at $50,343,000. During the quarter, these shares were purchased. During the second quarter, Mondrian Investment Partners LTD raised the amount of Sony Group stock it owned to 17.1 percent of the total. Following the acquisition of an additional 114,096 shares during the most recent quarter, Mondrian Investment Partners LTD now holds a total of 782,963 shares of the company, which are currently valued at a combined total of $64,203,000. Last but certainly not least, Macquarie Group Ltd. increased the amount of Sony Group stock owned by 15.4% during the second quarter. This is certainly not something that should be considered the least important development. Macquarie Group Ltd. now has 60,819,000 shares in its possession after purchasing an additional 99,370 shares during the most recent quarter. This brings the total number of shares of the company’s stock that it owns to 60,819,000. To the tune of 7.74 percent of the company’s shares, hedge funds and other types of institutional investors are the owners of these holdings.
On Friday, the price of a single share of Sony stock began trading at $86.07. The debt-to-equity ratio is 0.19, the current ratio is 0.58, and the quick ratio is 0.43. These three ratios are all very similar to one another. Sony Group Co.’s annual highs and lows for the previous year were $127.00. The company’s simple moving average for the past fifty days comes in at $79.43, and the simple moving average for the past 200 days comes at $77.78. The stock is being traded at a price corresponding to a price-to-earnings ratio of 14.11, a price-to-growth ratio of 2.72, and a beta value of 1.00 present. It is currently valued at $106.47 billion on the market.
The most recent quarterly results report The Sony Group compiled was made available to the public on November 1, a Tuesday (NYSE: SONY). The company announced that it had earnings per share (EPS) of $1.54 for the quarter, which was $0.47 more than expected and $1.07 per share on average. The net margin and equity return for Sony Group came in at 9.05%, with the return on equity being significantly higher than the net margin, which came in at 12.23%. The revenue for the quarter came in at $19.93 billion, a significant decrease compared to the $21.17 billion that analysts had anticipated would be. Analysts on the sell side anticipate that Sony Group Co. will record $5.27 per share earnings during the current fiscal year.
Many research projects have focused on Sony as a potential target for investigation. As a result, the rating of Sony Group was improved from “c+” to “b-” in a research article that was included in a report released on Monday, December 5, and published in an online article. StockNews.com initiated coverage of Sony Group shares on October 12 with the publication of a report made available to the public that same day. They advised their clients to “hold” the stock moving forward. Following the publication of a research report on November 2, Cowen lowered their price objective for Sony Group shares from $144,000.00 to $102,000.00. This move was publicized in the report. In a research report distributed on November 2, Cowen lowered their price target on shares of Sony Group from $144,000.00 to $102,000.00. This was the last but not the least of the company’s actions. However, one of the analysts has assigned a buy rating to the stock, even though the specialists recommend keeping a hold position. According to Bloomberg, the general opinion regarding the company is that investors should “hold” their shares and that the price target has been established at $109.67.
The Sony Group Corporation is in charge of the design, development, production, and marketing of electronic tools, gadgets, and equipment in a variety of countries all over the world, including China, the United States of America, Europe, Japan, the Asia-Pacific region, and other places. Its primary markets are Japan, China, the United States of America, Europe, and Asia-Pacific. The company offers digital network services for the game, video, and music content in
