Hsbc Holdings PLC Acquires 37,507 Shares of DigitalBridge Group, Inc. (NYSE:DBRG)

Hsbc Holdings PLC boosted its holdings in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 161.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 60,675 shares of the company's stock after acquiring an additional 37,507 shares during the quarter. Hsbc Holdings PLC's holdings in DigitalBridge Group were worth $685,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of DBRG. Spire Wealth Management bought a new position in shares of DigitalBridge Group in the fourth quarter worth approximately $37,000. Manchester Capital Management LLC grew its stake in DigitalBridge Group by 172.1% in the 4th quarter. Manchester Capital Management LLC now owns 4,372 shares of the company's stock worth $49,000 after buying an additional 2,765 shares in the last quarter. Meeder Asset Management Inc. increased its holdings in shares of DigitalBridge Group by 114.0% in the 4th quarter. Meeder Asset Management Inc. now owns 5,087 shares of the company's stock worth $57,000 after buying an additional 2,710 shares during the last quarter. KBC Group NV raised its position in shares of DigitalBridge Group by 49.3% during the 4th quarter. KBC Group NV now owns 8,326 shares of the company's stock valued at $94,000 after buying an additional 2,750 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of DigitalBridge Group by 164.0% during the 4th quarter. Blue Trust Inc. now owns 9,905 shares of the company's stock worth $112,000 after acquiring an additional 6,153 shares during the last quarter. Hedge funds and other institutional investors own 92.69% of the company's stock.

DigitalBridge Group Stock Down 2.8 %

Shares of DBRG stock opened at $8.95 on Tuesday. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 298.17, a PEG ratio of 3.46 and a beta of 1.58. The stock has a fifty day moving average of $8.82 and a 200 day moving average of $10.93. DigitalBridge Group, Inc. has a 52 week low of $6.41 and a 52 week high of $17.33.

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

DigitalBridge Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend is Monday, June 30th. DigitalBridge Group's dividend payout ratio is currently 13.33%.

Wall Street Analysts Forecast Growth

DBRG has been the topic of a number of research reports. Truist Financial lowered their price target on DigitalBridge Group from $15.00 to $13.00 and set a "buy" rating on the stock in a research report on Tuesday, March 25th. Citizens Jmp raised DigitalBridge Group to a "strong-buy" rating in a report on Monday, January 27th. Keefe, Bruyette & Woods dropped their target price on DigitalBridge Group from $14.00 to $13.50 and set a "market perform" rating for the company in a research report on Wednesday, February 26th. Wells Fargo & Company increased their price target on shares of DigitalBridge Group from $15.00 to $16.00 and gave the company an "overweight" rating in a research report on Monday, February 24th. Finally, JMP Securities initiated coverage on shares of DigitalBridge Group in a report on Monday, January 27th. They issued an "outperform" rating and a $16.00 price objective for the company. One analyst has rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $16.39.

DigitalBridge Group Company 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.

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