Charles Schwab Investment Management Inc. Boosts Stock Position in DigitalBridge Group, Inc. (NYSE:DBRG)

Charles Schwab Investment Management Inc. grew its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 3.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,030,657 shares of the company's stock after purchasing an additional 99,891 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.74% of DigitalBridge Group worth $34,186,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. State Street Corp grew its holdings in DigitalBridge Group by 12.0% during the 3rd quarter. State Street Corp now owns 4,427,379 shares of the company's stock valued at $62,603,000 after buying an additional 474,101 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of DigitalBridge Group by 8.3% in the third quarter. Geode Capital Management LLC now owns 4,167,413 shares of the company's stock valued at $58,895,000 after purchasing an additional 317,776 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of DigitalBridge Group by 27.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,640,632 shares of the company's stock valued at $51,442,000 after purchasing an additional 791,506 shares in the last quarter. Private Management Group Inc. increased its position in DigitalBridge Group by 4.5% in the fourth quarter. Private Management Group Inc. now owns 1,483,594 shares of the company's stock worth $16,735,000 after purchasing an additional 63,884 shares during the last quarter. Finally, Potrero Capital Research LLC purchased a new stake in DigitalBridge Group during the third quarter valued at $20,201,000. 92.69% of the stock is owned by institutional investors.

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DigitalBridge Group Stock Down 3.4 %

NYSE:DBRG traded down $0.34 during midday trading on Thursday, hitting $9.47. The stock had a trading volume of 1,268,325 shares, compared to its average volume of 2,352,837. The stock has a 50-day moving average of $10.67 and a 200 day moving average of $12.36. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 315.73, a PEG ratio of 3.46 and a beta of 1.91. DigitalBridge Group, Inc. has a one year low of $8.95 and a one year high of $19.49.

DigitalBridge Group (NYSE:DBRG - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate 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. On average, sell-side analysts anticipate that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current fiscal year.

DigitalBridge Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend is Monday, March 31st. DigitalBridge Group's dividend payout ratio (DPR) is 133.33%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Citizens Jmp raised DigitalBridge Group to a "strong-buy" rating in a research note on Monday, January 27th. JPMorgan Chase & Co. lowered their price target on DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating for the company in a research report on Tuesday, January 21st. Truist Financial dropped their price objective on shares of DigitalBridge Group from $17.00 to $15.00 and set a "buy" rating for the company in a research note on Wednesday, December 11th. Wells Fargo & Company increased their target price on shares of DigitalBridge Group from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Monday, February 24th. Finally, B. Riley lowered their target price on shares of DigitalBridge Group from $24.00 to $20.00 and set a "buy" rating for the company in a report on Tuesday, January 7th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $16.61.

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.