Jump Financial LLC Makes New Investment in DigitalBridge Group, Inc. $DBRG

Key Points

• Jump Financial LLC invested approximately $1.28 million in DigitalBridge Group, acquiring 144,954 shares during the first quarter.
• DigitalBridge Group recently declared a quarterly dividend of $0.01 per share, with a dividend yield of 0.4% despite a payout ratio of -100.00%.
• Analyst ratings vary, with some firms maintaining a "buy" rating and a consensus price target of $16.14, while others have downgraded the stock.

Jump Financial LLC acquired a new position in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 144,954 shares of the company's stock, valued at approximately $1,278,000. Jump Financial LLC owned about 0.08% of DigitalBridge Group at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DBRG. Envestnet Asset Management Inc. increased its position in shares of DigitalBridge Group by 273.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 42,188 shares of the company's stock valued at $476,000 after acquiring an additional 30,877 shares during the last quarter. Mariner LLC increased its position in shares of DigitalBridge Group by 26.5% during the fourth quarter. Mariner LLC now owns 16,272 shares of the company's stock valued at $184,000 after acquiring an additional 3,409 shares during the last quarter. First Trust Advisors LP increased its position in shares of DigitalBridge Group by 44.1% during the fourth quarter. First Trust Advisors LP now owns 300,474 shares of the company's stock valued at $3,389,000 after acquiring an additional 92,024 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of DigitalBridge Group by 3.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,123,282 shares of the company's stock valued at $35,229,000 after acquiring an additional 109,775 shares during the last quarter. Finally, MetLife Investment Management LLC increased its position in shares of DigitalBridge Group by 4.7% during the fourth quarter. MetLife Investment Management LLC now owns 95,670 shares of the company's stock valued at $1,079,000 after acquiring an additional 4,291 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

DigitalBridge Group Trading Up 0.4%

Shares of DigitalBridge Group stock traded up $0.05 during mid-day trading on Wednesday, hitting $11.29. 304,615 shares of the stock were exchanged, compared to its average volume of 2,595,598. DigitalBridge Group, Inc. has a twelve month low of $6.41 and a twelve month high of $17.33. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of -281.78 and a beta of 1.63. The company has a 50-day simple moving average of $10.85 and a 200 day simple moving average of $10.07.

DigitalBridge Group Announces Dividend

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

Analysts Set New Price Targets

DBRG has been the subject of a number of recent analyst reports. Wall Street Zen cut shares of DigitalBridge Group from a "hold" rating to a "sell" rating in a research report on Sunday, August 17th. Truist Financial lifted their price target on shares of DigitalBridge Group from $15.00 to $16.00 and gave the stock a "buy" rating in a research note on Wednesday, August 20th. JMP Securities restated a "market outperform" rating and issued a $16.00 target price on shares of DigitalBridge Group in a report on Friday, May 16th. Finally, Keefe, Bruyette & Woods upped their target price on shares of DigitalBridge Group from $10.50 to $11.00 and gave the company a "market perform" rating in a report on Tuesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $16.14.

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.