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

Shares of Sony Group Co. (NYSE:SONY) 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 distributed to shareholders after the market closes on Monday, September 30th.

Sony Group Stock Performance

Sony Group stock opened at $93.09 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.63 and a debt-to-equity ratio of 0.26. The stock has a market cap of $114.89 billion, a PE ratio of 17.11 and a beta of 0.95. Sony Group has a 12-month low of $75.11 and a 12-month high of $100.88. The business’s 50-day moving average price is $90.94 and its two-hundred day moving average price is $86.57.

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

Wall Street Analyst Weigh In

SONY has been the subject of several research reports. Daiwa America upgraded Sony Group to a “strong-buy” rating in a research report on Wednesday. StockNews.com downgraded shares of Sony Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Sony Group currently has an average rating of “Moderate Buy” and an average price target of $108.00.

Institutional Investors Weigh In On Sony Group

Several institutional investors and hedge funds have recently made changes to their positions in SONY. Brown Brothers Harriman & Co. increased its position in shares of Sony Group by 16.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 786 shares of the company’s stock worth $74,000 after buying an additional 112 shares during the period. American National Bank raised its position in shares of Sony Group by 11.3% in the 2nd quarter. American National Bank now owns 1,172 shares of the company’s stock worth $100,000 after acquiring an additional 119 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Sony Group by 1.5% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 8,656 shares of the company’s stock valued at $735,000 after purchasing an additional 124 shares during the period. Hexagon Capital Partners LLC boosted its position in shares of Sony Group by 20.6% during the 1st quarter. Hexagon Capital Partners LLC now owns 749 shares of the company’s stock valued at $64,000 after purchasing an additional 128 shares in the last quarter. Finally, Belpointe Asset Management LLC grew its stake in Sony Group by 1.4% during the second quarter. Belpointe Asset Management LLC now owns 9,265 shares of the company’s stock worth $787,000 after purchasing an additional 128 shares during the period. Institutional investors and hedge funds own 14.05% of the company’s stock.

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.