XTX Topco Ltd purchased a new stake in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 35,913 shares of the company's stock, valued at approximately $405,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its holdings in shares of 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 in the last quarter. Barclays PLC grew its stake in DigitalBridge Group by 364.3% during the 3rd quarter. Barclays PLC now owns 268,326 shares of the company's stock valued at $3,792,000 after acquiring an additional 210,533 shares in the last quarter. Horizon Kinetics Asset Management LLC raised its holdings in 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 valued at $50,572,000 after acquiring an additional 4,020,627 shares during the last quarter. OFI Invest Asset Management purchased a new position in DigitalBridge Group in the 4th quarter worth approximately $305,000. Finally, LB Partners LLC purchased a new stake in shares of DigitalBridge Group in the fourth quarter valued at approximately $2,820,000. Hedge funds and other institutional investors own 92.69% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have recently commented on DBRG. Citizens Jmp raised shares of DigitalBridge Group to a "strong-buy" rating in a research report on Monday, January 27th. Wells Fargo & Company upped their price target on DigitalBridge Group from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Monday, February 24th. B. Riley cut their price objective on DigitalBridge Group from $24.00 to $20.00 and set a "buy" rating for the company in a research report on Tuesday, January 7th. JMP Securities began coverage on shares of DigitalBridge Group in a research report on Monday, January 27th. They issued an "outperform" rating and a $16.00 target price on the stock. Finally, Keefe, Bruyette & Woods dropped their price target on shares of 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. One investment 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 company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $16.39.
View Our Latest Stock Analysis on DBRG
DigitalBridge Group Stock Up 1.0 %
Shares of NYSE DBRG traded up $0.08 during mid-day trading on Friday, hitting $8.48. 1,691,292 shares of the company were exchanged, compared to its average volume of 2,528,584. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 282.67, a price-to-earnings-growth ratio of 3.46 and a beta of 1.68. The stock has a 50 day simple moving average of $9.18 and a 200-day simple moving average of $11.23. DigitalBridge Group, Inc. has a 1-year low of $6.41 and a 1-year high of $17.33.
DigitalBridge Group (NYSE:DBRG - Get Free Report) last posted its quarterly 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 return on equity of 4.29% and a net margin of 10.98%. The firm had revenue of $101.55 million for the quarter, compared to the consensus estimate of $93.01 million. Analysts anticipate 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 was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend was Monday, March 31st. DigitalBridge Group's dividend payout ratio (DPR) is 133.33%.
About DigitalBridge Group
(
Free Report)
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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