XTX Topco Ltd Has $945,000 Stock Holdings in DigitalBridge Group, Inc. (NYSE:DBRG)

Key Points

• XTX Topco Ltd significantly increased its stake in DigitalBridge Group by 198.4% in Q1, owning 107,148 shares valued at approximately $945,000.
• A notable percentage, 92.69%, of DigitalBridge Group's stock is owned by institutional investors and hedge funds, indicating strong institutional interest.
• Market analysts have mixed opinions on DigitalBridge Group, with a consensus rating of "Moderate Buy" and an average price target of $15.94.

XTX Topco Ltd increased its position in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 198.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 107,148 shares of the company's stock after purchasing an additional 71,235 shares during the quarter. XTX Topco Ltd owned approximately 0.06% of DigitalBridge Group worth $945,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. S&CO Inc. increased its position in DigitalBridge Group by 988.3% in the first quarter. S&CO Inc. now owns 250,300 shares of the company's stock worth $2,207,000 after purchasing an additional 227,300 shares during the period. Banque Cantonale Vaudoise acquired a new stake in DigitalBridge Group in the first quarter worth about $147,000. GSA Capital Partners LLP increased its position in DigitalBridge Group by 47.2% in the first quarter. GSA Capital Partners LLP now owns 135,831 shares of the company's stock worth $1,198,000 after purchasing an additional 43,561 shares during the period. TCTC Holdings LLC increased its position in DigitalBridge Group by 9.6% in the first quarter. TCTC Holdings LLC now owns 137,841 shares of the company's stock worth $1,216,000 after purchasing an additional 12,062 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in DigitalBridge Group by 10.5% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,255 shares of the company's stock worth $452,000 after buying an additional 4,891 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

DigitalBridge Group Stock Down 0.0%

Shares of NYSE:DBRG traded down $0.01 during trading on Thursday, reaching $10.41. 1,946,703 shares of the company traded hands, compared to its average volume of 2,678,145. The company's 50 day moving average is $10.64 and its two-hundred day moving average is $10.04. The firm has a market capitalization of $1.83 billion, a PE ratio of 34.72, a PEG ratio of 1.20 and a beta of 1.77. DigitalBridge Group, Inc. has a 52 week low of $6.41 and a 52 week high of $17.33.

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 annualized dividend and a dividend yield of 0.4%. DigitalBridge Group's dividend payout ratio is currently 13.33%.

Analysts Set New Price Targets

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

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.