Sony Group Co. (NYSE:SONY) Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its stake in shares of Sony Group Co. (NYSE:SONY) by 384.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,090,160 shares of the company’s stock after purchasing an additional 2,452,504 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Sony Group were worth $65,323,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of SONY. Pathstone Holdings LLC grew its position in shares of Sony Group by 1.8% in the third quarter. Pathstone Holdings LLC now owns 57,661 shares of the company’s stock valued at $5,568,000 after purchasing an additional 1,045 shares during the period. OneAscent Financial Services LLC acquired a new stake in Sony Group in the 3rd quarter worth about $208,000. Commerce Bank acquired a new position in shares of Sony Group during the third quarter valued at approximately $231,000. First Horizon Advisors Inc. lifted its position in shares of Sony Group by 14.9% in the third quarter. First Horizon Advisors Inc. now owns 4,629 shares of the company’s stock valued at $447,000 after acquiring an additional 599 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Sony Group by 25.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 79,211 shares of the company’s stock worth $7,649,000 after acquiring an additional 16,073 shares during the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Sony Group Trading Up 1.8 %

NYSE SONY opened at $24.96 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. The stock has a market capitalization of $150.92 billion, a P/E ratio of 20.26, a PEG ratio of 9.95 and a beta of 0.91. The firm’s 50-day moving average is $22.90 and its two-hundred day moving average is $18.55. Sony Group Co. has a 12 month low of $15.02 and a 12 month high of $25.64.

Sony Group (NYSE:SONY) last released 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 return on equity of 14.10% and a net margin of 8.21%. The company had revenue of $28.95 billion for the quarter, compared to analysts’ expectations of $24.32 billion. On average, sell-side analysts anticipate that Sony Group Co. will post 1.23 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on SONY. Sanford C. Bernstein assumed coverage on shares of Sony Group in a research report on Thursday, January 16th. They issued an “outperform” rating for the company. Oppenheimer reiterated an “outperform” rating and issued a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Finally, StockNews.com cut Sony Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $28.00.

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.