Sony Group Co. (NYSE:SONY) Shares Acquired by BTC Capital Management Inc.

BTC Capital Management Inc. increased its holdings in shares of Sony Group Co. (NYSE:SONY) by 311.5% in the fourth quarter, Holdings Channel reports. The firm owned 60,385 shares of the company’s stock after acquiring an additional 45,712 shares during the period. BTC Capital Management Inc.’s holdings in Sony Group were worth $1,273,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Sanford C. Bernstein initiated coverage on shares of Sony Group in a research note on Thursday, January 16th. They issued an “outperform” rating for the company. TD Cowen decreased their price objective 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. Oppenheimer dropped their target price on Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 12th. Finally, StockNews.com downgraded Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Sony Group has an average rating of “Buy” and a consensus price target of $24.00.

Sony Group Price Performance

SONY opened at $22.33 on Friday. The company has a market capitalization of $135.01 billion, a P/E ratio of 18.27, a PEG ratio of 11.02 and a beta of 0.95. The company has a 50-day moving average of $20.90 and a 200-day moving average of $13.67. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. Sony Group Co. has a 1-year low of $15.02 and a 1-year high of $22.71.

About Sony Group

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.