DigitalBridge Group, Inc. (NYSE:DBRG) Shares Acquired by S&CO Inc.

Key Points

• S&CO Inc. significantly increased its holdings in DigitalBridge Group, Inc. by 988.3%, owning 250,300 shares valued at $2.21 million after acquiring 227,300 shares in the first quarter.
• The stock has seen notable interest from other institutional investors, with Lazard Asset Management increasing its position by 384.5% during the fourth quarter, holding over 3.3 million shares.
• DigitalBridge Group recently announced a quarterly dividend of $0.01, with a yield of 0.37%, while its stock has a market cap of $1.93 billion and is currently rated as a "Moderate Buy" by analysts.

S&CO Inc. boosted its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 988.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 250,300 shares of the company's stock after acquiring an additional 227,300 shares during the period. S&CO Inc. owned about 0.14% of DigitalBridge Group worth $2,207,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DBRG. Sunbelt Securities Inc. raised its position in DigitalBridge Group by 109.9% during the 4th quarter. Sunbelt Securities Inc. now owns 2,796 shares of the company's stock worth $31,000 after buying an additional 1,464 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of DigitalBridge Group in the 4th quarter valued at about $39,000. GAMMA Investing LLC grew its stake in DigitalBridge Group by 978.9% in the 1st 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 stake in DigitalBridge Group by 91.1% in the 1st 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, Meeder Asset Management Inc. boosted its stake in shares of DigitalBridge Group by 114.0% during the 4th 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. Institutional investors and hedge funds own 92.69% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Wall Street Zen cut shares of DigitalBridge Group from a "hold" rating to a "sell" rating in a research report on Saturday, July 12th. Keefe, Bruyette & Woods cut their price target on shares of DigitalBridge Group from $13.50 to $10.50 and set a "market perform" rating on the stock in a report on Tuesday, May 6th. JMP Securities restated a "market outperform" rating and issued a $16.00 price target on shares of DigitalBridge Group in a report on Friday, May 16th. Finally, Truist Financial lifted their price objective on shares of DigitalBridge Group from $13.00 to $15.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. One analyst has rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $15.94.

DigitalBridge Group Stock Down 3.0%

DBRG stock traded down $0.32 during trading on Friday, hitting $10.42. 2,280,435 shares of the company's stock traded hands, compared to its average volume of 2,697,510. DigitalBridge Group, Inc. has a 52 week low of $6.41 and a 52 week high of $17.33. The stock has a fifty day moving average price of $10.70 and a two-hundred day moving average price of $10.06. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 34.73, a price-to-earnings-growth ratio of 1.23 and a beta of 1.67.

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.