Sony Group Co. (NYSE:SONY) Shares Bought by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. grew its position in Sony Group Co. (NYSE:SONY) by 0.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 109,071 shares of the company’s stock after acquiring an additional 204 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Sony Group were worth $10,328,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of SONY. Everpar Advisors LLC purchased a new position in Sony Group in the fourth quarter valued at approximately $907,000. Pacific Capital Wealth Advisors Inc. acquired a new position in shares of Sony Group during the 4th quarter valued at $34,000. Apollon Wealth Management LLC boosted its position in Sony Group by 95.4% during the 4th quarter. Apollon Wealth Management LLC now owns 6,194 shares of the company’s stock worth $586,000 after purchasing an additional 3,024 shares during the period. Summit Trail Advisors LLC increased its holdings in Sony Group by 6.1% in the 4th quarter. Summit Trail Advisors LLC now owns 4,953 shares of the company’s stock valued at $469,000 after purchasing an additional 286 shares in the last quarter. Finally, National Bank of Canada FI raised its position in Sony Group by 1.0% in the fourth quarter. National Bank of Canada FI now owns 51,500 shares of the company’s stock valued at $4,798,000 after purchasing an additional 493 shares during the period. 14.05% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SONY shares. Oppenheimer reiterated an “outperform” rating and issued a $108.00 target price on shares of Sony Group in a research note on Monday, February 26th. TheStreet upgraded shares of Sony Group from a “c+” rating to a “b-” rating in a research note on Thursday, January 11th. Macquarie downgraded Sony Group from an “outperform” rating to a “neutral” rating in a report on Thursday, February 15th. Finally, StockNews.com downgraded Sony Group from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $108.00.

Sony Group Stock Down 4.0 %

Shares of Sony Group stock traded down $3.29 during trading on Wednesday, reaching $78.36. The company had a trading volume of 1,715,170 shares, compared to its average volume of 772,353. The firm’s fifty day moving average is $85.14 and its 200-day moving average is $88.83. Sony Group Co. has a fifty-two week low of $77.66 and a fifty-two week high of $100.94. The company has a market cap of $96.71 billion, a price-to-earnings ratio of 15.20 and a beta of 0.95. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.54 and a current ratio of 0.69.

Sony Group (NYSE:SONY) last issued its quarterly earnings results on Wednesday, February 14th. The company reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.32. The business had revenue of $25.38 billion during the quarter, compared to the consensus estimate of $24.31 billion. Sony Group had a return on equity of 12.43% and a net margin of 7.62%. On average, analysts anticipate that Sony Group Co. will post 5.22 EPS for the current year.

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.