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

Sony Group Co. (NYSE:SONY) shares are going to split on Monday, September 30th. The 5-1 split was announced on Tuesday, May 14th. The newly issued shares will be payable to shareholders after the closing bell on Monday, September 30th.

Sony Group Trading Down 0.2 %

NYSE:SONY opened at $93.09 on Friday. Sony Group has a 12 month low of $75.11 and a 12 month high of $100.88. 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 stock has a market capitalization of $114.89 billion, a price-to-earnings ratio of 17.11 and a beta of 0.95. The firm has a fifty day simple moving average of $90.94 and a two-hundred day simple moving average of $86.57.

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

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. StockNews.com lowered shares of Sony Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. Daiwa America upgraded Sony Group to a “strong-buy” rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $108.00.

Institutional Investors Weigh In On Sony Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. 9258 Wealth Management LLC purchased a new stake in shares of Sony Group during the fourth quarter valued at approximately $221,000. Dimensional Fund Advisors LP raised its stake in shares of Sony Group by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 547,573 shares of the company’s stock worth $51,850,000 after purchasing an additional 2,350 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of Sony Group by 9.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 28,513 shares of the company’s stock worth $2,700,000 after buying an additional 2,498 shares during the last quarter. Norges Bank bought a new position in Sony Group during the fourth quarter valued at about $10,193,000. Finally, Coldstream Capital Management Inc. purchased a new stake in Sony Group during the fourth quarter worth about $297,000. Hedge funds and other institutional investors 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.