OLD National Bancorp IN Sells 1,451 Shares of Sony Group Co. (NYSE:SONY)

Posted by on Jul 3rd, 2023

OLD National Bancorp IN cut its holdings in Sony Group Co. (NYSE:SONY – Free Report) by 11.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,972 shares of the company’s stock after selling 1,451 shares during the quarter. OLD National Bancorp IN’s holdings in Sony Group were worth $995,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SONY. O Shaughnessy Asset Management LLC boosted its position in shares of Sony Group by 56.0% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 51,424 shares of the company’s stock worth $3,923,000 after purchasing an additional 18,458 shares in the last quarter. Ritholtz Wealth Management lifted its position in Sony Group by 23.9% in the 4th quarter. Ritholtz Wealth Management now owns 16,953 shares of the company’s stock valued at $1,293,000 after acquiring an additional 3,267 shares in the last quarter. Nomura Holdings Inc. bought a new stake in Sony Group in the 3rd quarter valued at $705,000. Boston Financial Mangement LLC bought a new stake in Sony Group in the 4th quarter valued at $205,000. Finally, Chicago Capital LLC bought a new stake in Sony Group in the 1st quarter valued at $231,000. 7.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Sony Group in a research report on Thursday, May 18th. They issued a “hold” rating on the stock. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Sony Group presently has a consensus rating of “Hold” and an average price target of $110.00.

Sony Group Stock Up 0.1 %

Shares of SONY opened at $90.04 on Monday. Sony Group Co. has a 52 week low of $61.72 and a 52 week high of $100.94. The firm has a market cap of $111.11 billion, a P/E ratio of 16.25, a price-to-earnings-growth ratio of 3.45 and a beta of 1.03. The firm’s 50-day simple moving average is $94.86 and its 200 day simple moving average is $89.01. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.46 and a current ratio of 0.62.

Sony Group (NYSE:SONY – Free Report) last announced its quarterly earnings results on Friday, April 28th. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.22. Sony Group had a net margin of 8.08% and a return on equity of 13.43%. The business had revenue of $23.17 billion for the quarter, compared to analyst estimates of $22.99 billion. On average, analysts forecast that Sony Group Co. will post 5.53 earnings per share for the current year.

About Sony Group

(Free Report)

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 and portable game consoles, packaged software, and peripheral devices.

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Institutional Ownership by Quarter for Sony Group (NYSE:SONY)

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