Sony Group Stock Set to Split on Monday, September 30th (NYSE:SONY)

Sony Group Co. (NYSE:SONY)’s stock is going to split before the market opens on Monday, September 30th. The 5-1 split was announced on Tuesday, May 14th. The newly minted shares will be distributed to shareholders after the closing bell on Monday, September 30th.

Sony Group Stock Performance

SONY opened at $93.43 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.47 and a debt-to-equity ratio of 0.26. The company’s 50 day moving average is $90.96 and its 200 day moving average is $86.37. The company has a market cap of $115.31 billion, a price-to-earnings ratio of 17.17 and a beta of 0.95. Sony Group has a 12-month low of $75.11 and a 12-month high of $100.88.

Sony Group (NYSE:SONY) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates 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. On average, equities research analysts predict that Sony Group will post 5.63 EPS for the current year.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Sony Group

A number of hedge funds and other institutional investors have recently made changes to their positions in SONY. Harding Loevner LP lifted its position in Sony Group by 2,206.6% during the fourth quarter. Harding Loevner LP now owns 2,280,016 shares of the company’s stock worth $219,419,000 after buying an additional 2,181,169 shares in the last quarter. Marshall Wace LLP increased its holdings in Sony Group by 8,495.0% during the 2nd quarter. Marshall Wace LLP now owns 848,414 shares of the company’s stock worth $72,073,000 after purchasing an additional 838,543 shares during the period. Mondrian Investment Partners LTD grew its position in shares of Sony Group by 43.4% during the first quarter. Mondrian Investment Partners LTD now owns 2,558,527 shares of the company’s stock worth $220,033,000 after buying an additional 774,502 shares in the last quarter. Fisher Asset Management LLC increased its holdings in Sony Group by 5.7% in the fourth quarter. Fisher Asset Management LLC now owns 6,358,712 shares of the company’s stock valued at $602,106,000 after buying an additional 341,566 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Sony Group by 26.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,344,784 shares of the company’s stock valued at $127,338,000 after buying an additional 277,537 shares in the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

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.