DigitalBridge Group, Inc. (NYSE:DBRG) Shares Bought by Deutsche Bank AG

Deutsche Bank AG raised its holdings in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 48.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 136,794 shares of the company's stock after acquiring an additional 44,623 shares during the quarter. Deutsche Bank AG owned approximately 0.08% of DigitalBridge Group worth $1,543,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. JMP Securities reaffirmed a "market outperform" rating and set a $16.00 target price on shares of DigitalBridge Group in a report on Friday, May 16th. Keefe, Bruyette & Woods dropped their target price on DigitalBridge Group from $13.50 to $10.50 and set a "market perform" rating on the stock in a report on Tuesday, May 6th. Truist Financial dropped their target price on DigitalBridge Group from $15.00 to $13.00 and set a "buy" rating on the stock in a report on Tuesday, March 25th. Finally, Wells Fargo & Company raised their target price on DigitalBridge Group from $15.00 to $16.00 and gave the stock an "overweight" rating in a report on Monday, February 24th. One 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 company. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $16.06.

DigitalBridge Group Stock Down 2.7%

NYSE:DBRG traded down $0.31 on Wednesday, reaching $11.16. The company's stock had a trading volume of 954,781 shares, compared to its average volume of 2,572,732. DigitalBridge Group, Inc. has a 12-month low of $6.41 and a 12-month high of $17.33. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 371.83, a price-to-earnings-growth ratio of 3.46 and a beta of 1.58. The stock has a 50 day moving average price of $8.92 and a 200 day moving average price of $10.46.

DigitalBridge Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $0.01 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.36%. DigitalBridge Group's dividend payout ratio is presently 13.33%.

DigitalBridge Group 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.