Greenleaf Trust Has $2.03 Million Stock Position in Sony Group Co. (NYSE:SONY)

Greenleaf Trust boosted its position in shares of Sony Group Co. (NYSE:SONY) by 406.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 96,128 shares of the company’s stock after purchasing an additional 77,136 shares during the period. Greenleaf Trust’s holdings in Sony Group were worth $2,034,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Fisher Asset Management LLC boosted its position in Sony Group by 12.7% during the third quarter. Fisher Asset Management LLC now owns 8,636,355 shares of the company’s stock valued at $834,013,000 after purchasing an additional 972,075 shares during the last quarter. Cardinal Capital Management Inc. boosted its position in Sony Group by 403.7% during the fourth quarter. Cardinal Capital Management Inc. now owns 1,606,160 shares of the company’s stock valued at $33,986,000 after purchasing an additional 1,287,259 shares during the last quarter. Mediolanum International Funds Ltd acquired a new stake in Sony Group during the third quarter valued at $109,462,000. Manning & Napier Advisors LLC boosted its position in Sony Group by 356.8% during the fourth quarter. Manning & Napier Advisors LLC now owns 968,813 shares of the company’s stock valued at $20,500,000 after purchasing an additional 756,705 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in 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 last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sony Group Price Performance

NYSE SONY opened at $22.00 on Monday. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $22.71. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. The stock has a market capitalization of $133.02 billion, a PE ratio of 18.00, a P/E/G ratio of 10.96 and a beta of 0.96. The stock has a 50-day simple moving average of $20.96 and a 200 day simple moving average of $13.94.

Wall Street Analysts Forecast Growth

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

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.