Mirae Asset Global Investments Co. Ltd. Has $4.01 Million Stake in DigitalBridge Group, Inc. (NYSE:DBRG)

Mirae Asset Global Investments Co. Ltd. raised its stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 31.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 228,617 shares of the company's stock after buying an additional 54,461 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.14% of DigitalBridge Group worth $4,010,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of DBRG. Price T Rowe Associates Inc. MD boosted its holdings in shares of DigitalBridge Group by 28.4% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 18,874,133 shares of the company's stock worth $92,106,000 after purchasing an additional 4,176,103 shares during the last quarter. State Street Corp grew its stake in shares of DigitalBridge Group by 18.6% in the first quarter. State Street Corp now owns 20,337,683 shares of the company's stock worth $146,431,000 after acquiring an additional 3,184,920 shares in the last quarter. Wellington Management Group LLP acquired a new position in shares of DigitalBridge Group in the third quarter worth $47,948,000. Renaissance Technologies LLC purchased a new position in DigitalBridge Group in the second quarter valued at $11,767,000. Finally, Vanguard Group Inc. grew its holdings in shares of DigitalBridge Group by 2.3% during the first quarter. Vanguard Group Inc. now owns 74,983,124 shares of the company's stock worth $539,879,000 after purchasing an additional 1,666,885 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

DigitalBridge Group Trading Down 1.0 %

DBRG stock traded down $0.17 during trading on Wednesday, reaching $17.53. The stock had a trading volume of 1,093,873 shares, compared to its average volume of 2,046,389. DigitalBridge Group, Inc. has a 1-year low of $10.20 and a 1-year high of $20.99. The company has a market capitalization of $2.87 billion, a P/E ratio of 35.78 and a beta of 1.91. The firm has a fifty day moving average price of $18.75 and a 200 day moving average price of $17.71.

DigitalBridge Group (NYSE:DBRG - Get Free Report) last released its earnings results on Tuesday, February 20th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.06. DigitalBridge Group had a net margin of 12.33% and a return on equity of 2.39%. The company had revenue of $350.31 million during the quarter, compared to the consensus estimate of $287.41 million. Sell-side analysts predict that DigitalBridge Group, Inc. will post -0.14 EPS for the current year.

DigitalBridge Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Sunday, March 31st were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date of this dividend was Wednesday, March 27th. DigitalBridge Group's dividend payout ratio is presently 8.16%.

Analyst Ratings Changes

Separately, Truist Financial increased their target price on shares of DigitalBridge Group from $20.00 to $22.00 and gave the stock a "buy" rating in a research note on Tuesday. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $22.08.

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.