Hsbc Holdings PLC Has $685,000 Stock Holdings in DigitalBridge Group, Inc. (NYSE:DBRG)

Hsbc Holdings PLC grew its position in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 161.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 60,675 shares of the company's stock after purchasing an additional 37,507 shares during the period. Hsbc Holdings PLC's holdings in DigitalBridge Group were worth $685,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Horizon Kinetics Asset Management LLC lifted its stake in DigitalBridge Group by 868.9% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 4,483,340 shares of the company's stock valued at $50,572,000 after purchasing an additional 4,020,627 shares during the last quarter. New South Capital Management Inc. lifted its position in shares of DigitalBridge Group by 2.9% in the 4th quarter. New South Capital Management Inc. now owns 4,055,232 shares of the company's stock valued at $45,743,000 after acquiring an additional 115,029 shares in the last quarter. Invesco Ltd. lifted its position in shares of DigitalBridge Group by 0.5% in the 4th quarter. Invesco Ltd. now owns 3,313,725 shares of the company's stock valued at $37,379,000 after acquiring an additional 14,997 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of DigitalBridge Group by 3.6% in the 4th 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of DigitalBridge Group by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,030,657 shares of the company's stock valued at $34,186,000 after acquiring an additional 99,891 shares in the last quarter. Institutional investors own 92.69% of the company's stock.

DigitalBridge Group Stock Down 0.6%

DBRG traded down $0.05 during midday trading on Friday, reaching $8.61. 1,581,095 shares of the company's stock were exchanged, compared to its average volume of 2,477,715. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 287.00, a price-to-earnings-growth ratio of 3.46 and a beta of 1.58. DigitalBridge Group, Inc. has a one year low of $6.41 and a one year high of $17.33. The business has a 50-day simple moving average of $8.62 and a two-hundred day simple moving average of $10.73.

DigitalBridge Group (NYSE:DBRG - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.11 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.03. The firm had revenue of $101.55 million during the quarter, compared to analysts' expectations of $93.01 million. DigitalBridge Group had a net margin of 10.98% and a return on equity of 4.29%. As a group, research analysts anticipate that DigitalBridge Group, Inc. will post 0.17 EPS for the current fiscal year.

DigitalBridge Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.46%. The ex-dividend date is Monday, June 30th. DigitalBridge Group's payout ratio is 13.33%.

Analysts Set New Price Targets

Several brokerages recently commented on DBRG. JPMorgan Chase & Co. reduced their price target on shares of DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating for the company in a research report on Tuesday, January 21st. Keefe, Bruyette & Woods dropped their price objective on shares of DigitalBridge Group from $13.50 to $10.50 and set a "market perform" rating on the stock in a research note on Tuesday, May 6th. Truist Financial dropped their price objective on shares of DigitalBridge Group from $15.00 to $13.00 and set a "buy" rating on the stock in a research note on Tuesday, March 25th. JMP Securities started coverage on shares of DigitalBridge Group in a research note on Monday, January 27th. They issued an "outperform" rating and a $16.00 price objective on the stock. Finally, Wells Fargo & Company upped their price objective on shares of DigitalBridge Group from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Monday, February 24th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $16.06.

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.