43,157 Shares in DigitalBridge Group, Inc. (NYSE:DBRG) Purchased by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC purchased a new stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 43,157 shares of the company's stock, valued at approximately $487,000.

Several other large investors have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. boosted its holdings in DigitalBridge Group by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,030,657 shares of the company's stock worth $34,186,000 after buying an additional 99,891 shares during the last quarter. Barclays PLC boosted its holdings in shares of DigitalBridge Group by 364.3% during the 3rd quarter. Barclays PLC now owns 268,326 shares of the company's stock worth $3,792,000 after buying an additional 210,533 shares during the period. Horizon Kinetics Asset Management LLC grew its position in shares of DigitalBridge Group by 868.9% in 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. OFI Invest Asset Management bought a new stake in shares of DigitalBridge Group in the fourth quarter valued at about $305,000. Finally, LB Partners LLC bought a new position in shares of DigitalBridge Group during the fourth quarter worth approximately $2,820,000. 92.69% of the stock is currently owned by institutional investors and hedge funds.

DigitalBridge Group Trading Down 1.7 %

Shares of NYSE:DBRG traded down $0.15 during mid-day trading on Tuesday, reaching $8.79. The stock had a trading volume of 2,141,810 shares, compared to its average volume of 2,487,625. The company has a market cap of $1.53 billion, a P/E ratio of 293.00, a price-to-earnings-growth ratio of 3.46 and a beta of 1.58. DigitalBridge Group, Inc. has a 1 year low of $6.41 and a 1 year high of $17.33. The business's 50 day moving average price is $8.77 and its 200 day moving average price is $10.92.

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

DigitalBridge Group Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on DBRG shares. Keefe, Bruyette & Woods decreased 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. Truist Financial decreased their price target on DigitalBridge Group from $15.00 to $13.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. JPMorgan Chase & Co. cut their target price on shares of DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 21st. JMP Securities began coverage on shares of DigitalBridge Group in a report on Monday, January 27th. They set an "outperform" rating and a $16.00 price objective for the company. Finally, Wells Fargo & Company upped their price objective on shares of DigitalBridge Group from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report 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. Based on data from MarketBeat.com, DigitalBridge Group has an average rating of "Buy" and a consensus target price of $16.06.

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.