Truist Financial Corp Has $8.58 Million Stock Holdings in Sony Group Co. (NYSE:SONY)

Truist Financial Corp reduced its position in shares of Sony Group Co. (NYSE:SONY) by 0.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 100,983 shares of the company’s stock after selling 658 shares during the quarter. Truist Financial Corp’s holdings in Sony Group were worth $8,579,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. EP Wealth Advisors LLC grew its holdings in Sony Group by 20.6% during the 2nd quarter. EP Wealth Advisors LLC now owns 9,315 shares of the company’s stock worth $791,000 after acquiring an additional 1,592 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Sony Group by 2.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 19,542 shares of the company’s stock worth $1,660,000 after buying an additional 549 shares during the last quarter. Creative Planning grew its position in shares of Sony Group by 2.7% during the 2nd quarter. Creative Planning now owns 284,636 shares of the company’s stock worth $24,180,000 after buying an additional 7,401 shares during the period. Lighthouse Investment Partners LLC grew its holdings in Sony Group by 53.7% during the second quarter. Lighthouse Investment Partners LLC now owns 213,838 shares of the company’s stock valued at $18,166,000 after purchasing an additional 74,696 shares during the period. Finally, AQR Capital Management LLC acquired a new stake in Sony Group in the second quarter worth $388,000. 14.05% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. StockNews.com cut shares of Sony Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. Daiwa America upgraded shares of Sony Group to a “strong-buy” rating in a report on Wednesday, September 18th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $21.60.

Sony Group Stock Up 0.9 %

Shares of Sony Group stock opened at $94.85 on Friday. Sony Group Co. has a 52-week low of $75.11 and a 52-week high of $100.88. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.47 and a current ratio of 0.63. The business’s 50 day simple moving average is $25.97 and its 200 day simple moving average is $20.08. The firm has a market cap of $117.07 billion, a PE ratio of 17.44 and a beta of 0.94.

Sony Group (NYSE:SONY) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. Sony Group had a net margin of 7.59% and a return on equity of 12.82%. The company had revenue of $19.32 billion for the quarter, compared to the consensus estimate of $17.42 billion. On average, analysts predict that Sony Group Co. will post 4.75 earnings per share for the current fiscal year.

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.