DigitalBridge Group, Inc. $DBRG Shares Sold by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in DigitalBridge Group by 7.1%, owning 2,816,907 shares valued at approximately $24.84 million after selling 213,750 shares.
• DigitalBridge has seen significant adjustments in institutional holdings, with Sunbelt Securities increasing its position by 109.9% and Spire Wealth Management by 91.1% in recent quarters.
• Analysts have mixed ratings on DigitalBridge Group, with a consensus rating of "Buy" and a price target averaging $16.14, despite a recent downgrade from a "hold" to a "sell" rating by some analysts.

Charles Schwab Investment Management Inc. reduced its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 7.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,816,907 shares of the company's stock after selling 213,750 shares during the period. Charles Schwab Investment Management Inc. owned 1.61% of DigitalBridge Group worth $24,845,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Sunbelt Securities Inc. lifted its position in shares of DigitalBridge Group by 109.9% during the fourth quarter. Sunbelt Securities Inc. now owns 2,796 shares of the company's stock valued at $31,000 after purchasing an additional 1,464 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in DigitalBridge Group during the fourth quarter valued at approximately $39,000. GAMMA Investing LLC grew its position in DigitalBridge Group by 978.9% during the first quarter. GAMMA Investing LLC now owns 4,445 shares of the company's stock valued at $39,000 after acquiring an additional 4,033 shares during the last quarter. Spire Wealth Management grew its position in DigitalBridge Group by 91.1% during the first quarter. Spire Wealth Management now owns 6,208 shares of the company's stock valued at $55,000 after acquiring an additional 2,960 shares during the last quarter. Finally, US Bancorp DE grew its position in DigitalBridge Group by 187.3% during the first quarter. US Bancorp DE now owns 6,265 shares of the company's stock valued at $55,000 after acquiring an additional 4,084 shares during the last quarter. 92.69% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DBRG. Wall Street Zen cut DigitalBridge Group from a "hold" rating to a "sell" rating in a research note on Sunday, August 17th. Truist Financial raised their price target on DigitalBridge Group from $15.00 to $16.00 and gave the company a "buy" rating in a report on Wednesday, August 20th. Keefe, Bruyette & Woods raised their price objective on DigitalBridge Group from $10.50 to $11.00 and gave the company a "market perform" rating in a research report on Tuesday, August 12th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $16.00 price target on shares of DigitalBridge Group in a report on Friday, May 16th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $16.14.

DigitalBridge Group Price Performance

NYSE DBRG traded down $0.0250 on Monday, hitting $11.3850. The company had a trading volume of 690,143 shares, compared to its average volume of 2,629,695. DigitalBridge Group, Inc. has a 12-month low of $6.41 and a 12-month high of $17.33. The company's fifty day moving average price is $10.68 and its 200-day moving average price is $10.03. The company has a market capitalization of $2.07 billion, a PE ratio of -284.63 and a beta of 1.77.

DigitalBridge Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Tuesday, September 30th. DigitalBridge Group's dividend payout ratio (DPR) is presently -100.00%.

About DigitalBridge Group

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.