Hantz Financial Services Inc. Acquires Shares of 15,219 Sony Group Co. (NYSE:SONY)

Hantz Financial Services Inc. acquired a new stake in shares of Sony Group Co. (NYSE:SONY) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 15,219 shares of the company’s stock, valued at approximately $1,293,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Russell Investments Group Ltd. raised its holdings in shares of Sony Group by 107.9% in the fourth quarter. Russell Investments Group Ltd. now owns 1,297 shares of the company’s stock valued at $123,000 after buying an additional 673 shares during the last quarter. Kestra Private Wealth Services LLC raised its holdings in shares of Sony Group by 10.2% in the fourth quarter. Kestra Private Wealth Services LLC now owns 7,623 shares of the company’s stock valued at $722,000 after buying an additional 703 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in shares of Sony Group by 9.5% in the fourth quarter. First Horizon Advisors Inc. now owns 3,759 shares of the company’s stock valued at $356,000 after buying an additional 327 shares during the last quarter. Natixis Advisors L.P. raised its holdings in shares of Sony Group by 77.6% in the fourth quarter. Natixis Advisors L.P. now owns 315,680 shares of the company’s stock valued at $29,891,000 after buying an additional 137,963 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. bought a new position in shares of Sony Group in the fourth quarter valued at about $306,000. 14.05% of the stock is owned by institutional investors.

Sony Group Price Performance

Shares of SONY stock opened at $97.56 on Friday. The firm has a market cap of $120.41 billion, a price-to-earnings ratio of 17.93 and a beta of 0.94. Sony Group Co. has a 12 month low of $75.11 and a 12 month high of $100.88. The stock has a 50-day moving average price of $89.13 and a 200 day moving average price of $86.00. The company has a quick ratio of 0.47, a current ratio of 0.63 and a debt-to-equity ratio of 0.26.

Shares of Sony Group are set to split on the morning of Monday, September 30th. The 5-1 split was announced on Tuesday, May 14th. The newly minted shares will be payable to shareholders after the closing bell on Monday, September 30th.

Sony Group (NYSE:SONY) last posted its earnings results on Wednesday, August 7th. The company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.11. Sony Group had a return on equity of 12.82% and a net margin of 7.59%. The company had revenue of $19.32 billion during the quarter, compared to analyst estimates of $17.42 billion. Research analysts expect that Sony Group Co. will post 5.63 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com cut Sony Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $108.00.

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.