PNC Financial Services Group Inc. Acquires 217,176 Shares of Sony Group Co. (NYSE:SONY)

PNC Financial Services Group Inc. grew its holdings in Sony Group Co. (NYSE:SONY) by 429.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 267,751 shares of the company’s stock after buying an additional 217,176 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Sony Group were worth $5,666,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Silicon Valley Capital Partners raised its position in shares of Sony Group by 401.3% in the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock valued at $25,000 after purchasing an additional 927 shares during the period. General Partner Inc. increased its holdings in Sony Group by 400.0% during the 4th quarter. General Partner Inc. now owns 1,245 shares of the company’s stock worth $26,000 after acquiring an additional 996 shares during the period. Newbridge Financial Services Group Inc. bought a new stake in Sony Group during the 4th quarter worth approximately $26,000. Hilltop National Bank increased its holdings in Sony Group by 346.3% during the 4th quarter. Hilltop National Bank now owns 1,513 shares of the company’s stock worth $32,000 after acquiring an additional 1,174 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in Sony Group by 400.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,505 shares of the company’s stock worth $32,000 after acquiring an additional 1,204 shares during the period. Institutional investors own 14.05% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on SONY shares. Oppenheimer reaffirmed an “outperform” rating and set a $33.00 target price (up previously from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Sanford C. Bernstein began coverage on shares of Sony Group in a report on Thursday, January 16th. They issued an “outperform” rating on the stock. Finally, StockNews.com lowered shares of Sony Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Sony Group has a consensus rating of “Buy” and an average price target of $28.00.

Sony Group Price Performance

Shares of NYSE:SONY opened at $23.65 on Thursday. The company’s fifty day moving average price is $22.56 and its 200-day moving average price is $17.84. The firm has a market capitalization of $143.00 billion, a price-to-earnings ratio of 19.19, a PEG ratio of 9.95 and a beta of 0.91. Sony Group Co. has a one year low of $15.02 and a one year high of $25.64. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49.

Sony Group (NYSE:SONY) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.14. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. The firm had revenue of $28.95 billion for the quarter, compared to analyst estimates of $24.32 billion. On average, equities research analysts anticipate that Sony Group Co. will post 1.23 earnings per share for the current fiscal year.

Sony Group 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.