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

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 created shares will be payable to shareholders after the market closes on Monday, September 30th.

Sony Group Stock Up 0.5 %

Shares of SONY opened at $96.00 on Thursday. The firm has a market cap of $118.49 billion, a PE ratio of 17.65 and a beta of 0.95. 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 company’s fifty day moving average is $90.90 and its two-hundred day moving average is $86.75. Sony Group has a fifty-two week low of $75.11 and a fifty-two week high of $100.88.

Sony Group (NYSE:SONY) last posted its quarterly 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. Sony Group had a net margin of 7.59% and a return on equity of 12.82%. The firm had revenue of $19.32 billion for the quarter, compared to analyst estimates of $17.42 billion. Analysts forecast that Sony Group will post 5.63 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on SONY shares. StockNews.com cut shares of Sony Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. Daiwa America upgraded Sony Group to a “strong-buy” rating in a research note on Wednesday, September 18th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $108.00.

Institutional Trading of Sony Group

Several institutional investors and hedge funds have recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Sony Group in the 2nd quarter valued at approximately $26,000. Sunbelt Securities Inc. bought a new stake in Sony Group during the first quarter valued at $29,000. Rise Advisors LLC raised its holdings in shares of Sony Group by 259.2% during the first quarter. Rise Advisors LLC now owns 352 shares of the company’s stock worth $30,000 after purchasing an additional 254 shares during the period. Ridgewood Investments LLC bought a new position in shares of Sony Group in the 2nd quarter worth about $41,000. Finally, Family Firm Inc. acquired a new position in shares of Sony Group in the 2nd quarter valued at about $44,000. 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.