Squarepoint Ops LLC Has $1.18 Million Stock Holdings in DigitalBridge Group, Inc. (NYSE:DBRG)

Squarepoint Ops LLC reduced its position in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 65.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 104,312 shares of the company's stock after selling 198,037 shares during the period. Squarepoint Ops LLC owned about 0.06% of DigitalBridge Group worth $1,177,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in DBRG. Spire Wealth Management purchased a new position in DigitalBridge Group during the fourth quarter valued at approximately $37,000. Point72 Hong Kong Ltd purchased a new position in DigitalBridge Group during the fourth quarter valued at approximately $39,000. Manchester Capital Management LLC grew its position 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 purchasing an additional 2,765 shares in the last quarter. Meeder Asset Management Inc. grew its position in DigitalBridge Group by 114.0% during the fourth quarter. Meeder Asset Management Inc. now owns 5,087 shares of the company's stock valued at $57,000 after purchasing an additional 2,710 shares in the last quarter. Finally, KBC Group NV grew its position in DigitalBridge Group by 49.3% during the fourth quarter. KBC Group NV now owns 8,326 shares of the company's stock valued at $94,000 after purchasing an additional 2,750 shares in the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DBRG has been the subject of several recent research reports. JMP Securities reissued a "market outperform" rating and issued a $16.00 target price on shares of DigitalBridge Group in a research report on Friday, May 16th. Truist Financial decreased their target price on shares of DigitalBridge Group from $15.00 to $13.00 and set a "buy" rating for the company in a research report on Tuesday, March 25th. Wells Fargo & Company boosted their target price on shares of DigitalBridge Group from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Monday, February 24th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of DigitalBridge Group from $13.50 to $10.50 and set a "market perform" rating for the company in a research report on Tuesday, May 6th. One equities 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 company's stock. According to data from MarketBeat, DigitalBridge Group currently has a consensus rating of "Buy" and an average target price of $16.06.

DigitalBridge Group Stock Performance

Shares of DigitalBridge Group stock traded down $0.02 on Friday, reaching $11.08. The stock had a trading volume of 2,154,203 shares, compared to its average volume of 2,570,747. The business's 50-day moving average price is $9.03 and its two-hundred day moving average price is $10.43. DigitalBridge Group, Inc. has a fifty-two week low of $6.41 and a fifty-two week high of $17.33. The stock has a market cap of $1.95 billion, a P/E ratio of 369.33, a price-to-earnings-growth ratio of 3.46 and a beta of 1.58.

DigitalBridge Group Dividend Announcement

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