Raymond James Financial Inc. Takes Position in DigitalBridge Group, Inc. (NYSE:DBRG)

Raymond James Financial Inc. purchased a new stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 362,298 shares of the company's stock, valued at approximately $4,087,000. Raymond James Financial Inc. owned about 0.21% of DigitalBridge Group at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its holdings in DigitalBridge Group by 3.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,030,657 shares of the company's stock worth $34,186,000 after acquiring an additional 99,891 shares in the last quarter. Barclays PLC lifted its holdings in shares of DigitalBridge Group by 364.3% in the 3rd quarter. Barclays PLC now owns 268,326 shares of the company's stock worth $3,792,000 after purchasing an additional 210,533 shares in the last quarter. Horizon Kinetics Asset Management LLC lifted its holdings in shares of DigitalBridge Group by 868.9% in the 4th quarter. Horizon Kinetics Asset Management LLC now owns 4,483,340 shares of the company's stock worth $50,572,000 after purchasing an additional 4,020,627 shares in the last quarter. OFI Invest Asset Management acquired a new stake in DigitalBridge Group in the 4th quarter valued at $305,000. Finally, LB Partners LLC bought a new stake in DigitalBridge Group during the 4th quarter valued at $2,820,000. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on DBRG shares. Truist Financial dropped their price target on shares of DigitalBridge Group from $15.00 to $13.00 and set a "buy" rating on the stock in a research report on Tuesday, March 25th. Keefe, Bruyette & Woods dropped their target price on DigitalBridge Group from $14.00 to $13.50 and set a "market perform" rating on the stock in a report on Wednesday, February 26th. Wells Fargo & Company upped their price target on DigitalBridge Group from $15.00 to $16.00 and gave the stock an "overweight" rating in a report on Monday, February 24th. JMP Securities initiated coverage on DigitalBridge Group in a research note on Monday, January 27th. They set an "outperform" rating and a $16.00 price objective on the stock. Finally, JPMorgan Chase & Co. reduced their target price on shares of DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating for the company in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $16.39.

DigitalBridge Group Stock Up 1.8 %

NYSE DBRG traded up $0.16 during trading hours on Friday, reaching $8.90. 479,195 shares of the company were exchanged, compared to its average volume of 2,490,640. The stock has a market capitalization of $1.55 billion, a P/E ratio of 296.67, a P/E/G ratio of 3.46 and a beta of 1.68. DigitalBridge Group, Inc. has a 1 year low of $6.41 and a 1 year high of $17.33. The business's 50 day simple moving average is $8.91 and its 200-day simple moving average is $11.09.

DigitalBridge Group (NYSE:DBRG - Get Free Report) last posted 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. DigitalBridge Group had a net margin of 10.98% and a return on equity of 4.29%. The company had revenue of $101.55 million for the quarter, compared to analysts' expectations of $93.01 million. As a group, sell-side analysts anticipate that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current year.

DigitalBridge Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.01 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.04 annualized dividend and a dividend yield of 0.45%. DigitalBridge Group's payout ratio is 133.33%.

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.