Vanguard Group Inc. Sells 133,202 Shares of DigitalBridge Group, Inc. $DBRG

Key Points

• Vanguard Group Inc. reduced its holdings in DigitalBridge Group by 0.8%, selling 133,202 shares, and now owns 16,911,225 shares, valued at approximately $149 million.
• Numerous investors increased their stakes in DigitalBridge Group, with significant growth from firms like GAMMA Investing LLC (978.9%) and US Bancorp DE (187.3%) in the first quarter.
• DigitalBridge Group recently announced a quarterly dividend of $0.01 per share, reflecting a yield of 0.4%, with a dividend payout ratio of -100.00%.

Vanguard Group Inc. trimmed its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 0.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,911,225 shares of the company's stock after selling 133,202 shares during the quarter. Vanguard Group Inc. owned approximately 9.69% of DigitalBridge Group worth $149,157,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DBRG. Sunbelt Securities Inc. boosted its stake in DigitalBridge Group by 109.9% during the fourth 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 acquired a new stake in DigitalBridge Group in the 4th quarter valued at about $39,000. GAMMA Investing LLC raised its position 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 purchasing an additional 4,033 shares in the last quarter. Spire Wealth Management raised its position 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 purchasing an additional 2,960 shares in the last quarter. Finally, US Bancorp DE raised its position in DigitalBridge Group by 187.3% in the 1st quarter. US Bancorp DE now owns 6,265 shares of the company's stock valued at $55,000 after purchasing an additional 4,084 shares in the last quarter. Institutional investors and hedge funds own 92.69% of the company's stock.

Analyst Upgrades and Downgrades

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

DigitalBridge Group Stock Performance

Shares of DigitalBridge Group stock traded down $0.0250 during trading on Monday, reaching $11.3850. The company's stock had a trading volume of 690,143 shares, compared to its average volume of 2,629,695. The business's fifty day moving average price is $10.68 and its 200-day moving average price is $10.03. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of -284.63 and a beta of 1.77. DigitalBridge Group, Inc. has a one year low of $6.41 and a one year high of $17.33.

DigitalBridge Group Dividend Announcement

The business also recently disclosed 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. This represents a $0.04 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Tuesday, September 30th. DigitalBridge Group's dividend payout ratio is currently -100.00%.

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.