JPMorgan Chase & Co. Has $10.89 Million Stock Holdings in DigitalBridge Group, Inc. (NYSE:DBRG)

JPMorgan Chase & Co. reduced its stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 38.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 965,801 shares of the company's stock after selling 612,163 shares during the quarter. JPMorgan Chase & Co. owned 0.55% of DigitalBridge Group worth $10,894,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Spire Wealth Management acquired a new stake in DigitalBridge Group during the 4th quarter valued at $37,000. Manchester Capital Management LLC raised its holdings in shares of DigitalBridge Group by 172.1% in the fourth quarter. Manchester Capital Management LLC now owns 4,372 shares of the company's stock valued at $49,000 after buying an additional 2,765 shares during the last quarter. KBC Group NV lifted its position in DigitalBridge Group by 49.3% during the 4th quarter. KBC Group NV now owns 8,326 shares of the company's stock worth $94,000 after buying an additional 2,750 shares in the last quarter. Blue Trust Inc. lifted its position in 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 buying an additional 6,153 shares in the last quarter. Finally, one8zero8 LLC bought a new stake in DigitalBridge Group during the 4th quarter worth about $122,000. 92.69% of the stock is owned by institutional investors.

DigitalBridge Group Trading Up 2.3 %

Shares of NYSE:DBRG traded up $0.18 during mid-day trading on Friday, reaching $7.95. The stock had a trading volume of 1,418,806 shares, compared to its average volume of 2,561,068. The firm has a market cap of $1.39 billion, a PE ratio of 264.83, a price-to-earnings-growth ratio of 3.46 and a beta of 1.68. The firm has a 50 day simple moving average of $9.38 and a two-hundred day simple moving average of $11.48. DigitalBridge Group, Inc. has a twelve month low of $6.41 and a twelve month high of $17.72.

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

DigitalBridge Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend was Monday, March 31st. DigitalBridge Group's dividend payout ratio (DPR) is presently 133.33%.

Analysts Set New Price Targets

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

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.