ArrowMark Colorado Holdings LLC Increases Position in DigitalBridge Group, Inc. (NYSE:DBRG)

ArrowMark Colorado Holdings LLC boosted its position in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 33.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 582,121 shares of the company's stock after purchasing an additional 146,371 shares during the period. ArrowMark Colorado Holdings LLC owned about 0.33% of DigitalBridge Group worth $6,566,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in DBRG. Spire Wealth Management purchased a new stake in shares of DigitalBridge Group in the fourth quarter worth $37,000. Manchester Capital Management LLC boosted its stake in DigitalBridge Group by 172.1% during the fourth quarter. Manchester Capital Management LLC now owns 4,372 shares of the company's stock valued at $49,000 after buying an additional 2,765 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in DigitalBridge Group by 114.0% during the 4th quarter. Meeder Asset Management Inc. now owns 5,087 shares of the company's stock valued at $57,000 after buying an additional 2,710 shares in the last quarter. KBC Group NV increased its stake in DigitalBridge Group by 49.3% in the 4th quarter. KBC Group NV now owns 8,326 shares of the company's stock worth $94,000 after acquiring an additional 2,750 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of DigitalBridge Group by 164.0% during the 4th quarter. Blue Trust Inc. now owns 9,905 shares of the company's stock worth $112,000 after acquiring an additional 6,153 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DBRG has been the topic of several recent research reports. JMP Securities initiated coverage on shares of DigitalBridge Group in a research report on Monday, January 27th. They set an "outperform" rating and a $16.00 target price on the stock. Citizens Jmp raised shares of DigitalBridge Group to a "strong-buy" rating in a research note on Monday, January 27th. Truist Financial reduced their target price on shares of DigitalBridge Group from $15.00 to $13.00 and set a "buy" rating on the stock in a research note on Tuesday, March 25th. JPMorgan Chase & Co. cut their price target on shares of DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating on the stock in a report on Tuesday, January 21st. Finally, Wells Fargo & Company increased their price target on DigitalBridge Group from $15.00 to $16.00 and gave the stock an "overweight" rating in a report on Monday, February 24th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, DigitalBridge Group has an average rating of "Buy" and a consensus target price of $16.06.

DigitalBridge Group Stock Performance

DBRG stock traded up $0.09 during trading on Friday, reaching $8.75. 611,924 shares of the company traded hands, compared to its average volume of 2,470,568. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 291.67, a price-to-earnings-growth ratio of 3.46 and a beta of 1.58. The business has a 50 day simple moving average of $8.67 and a 200 day simple moving average of $10.85. DigitalBridge Group, Inc. has a 12 month low of $6.41 and a 12 month high of $17.33.

DigitalBridge Group (NYSE:DBRG - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.03. DigitalBridge Group had a net margin of 10.98% and a return on equity of 4.29%. The firm had revenue of $101.55 million for the quarter, compared to the consensus estimate of $93.01 million. As a group, research analysts forecast that DigitalBridge Group, Inc. will post 0.17 EPS for the current year.

DigitalBridge Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a $0.01 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.46%. DigitalBridge Group's payout ratio is 13.33%.

DigitalBridge Group Company Profile

DigitalBridge is an infrastructure investment firm specializing in digital infrastructure assets. They provide services to institutional investors. They primarily invest in data centers, cell towers, fiber networks, small cells, and edge infrastructure. DigitalBridge Group, Inc was founded in 1991 and is headquartered in Boca Raton, Florida with additional offices in Los Angles, California, and New York New York.